Solar Panel Cost Guide in Walton, NY (2023 Update)
- Walton Solar Installation Cost: $9,499
- 25-Year Savings: $5,301
- Payback Period: 16.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Walton
We go over average solar pricing in Walton.
The national average cost of solar panels is $2.66 per watt, but in Walton it's 2.95 per watt. The average Walton homeowner needs a 4.6-kilowatt system, which would cost about $9,499 with the federal tax credit, or $13,584 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Walton can save around $12,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Walton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,450 |
| 3 years | $-9,351 |
| 5 years | $-9,253 |
| 7 years | $-9,154 |
| 9 years | $-9,055 |
| 11 years | $-8,957 |
| 13 years | $-8,858 |
| 15 years | $-8,759 |
| 17 years | $-8,661 |
| 19 years | $-8,562 |
| 21 years | $-8,464 |
| 23 years | $-8,365 |
| 25 years | $-8,266 |
Top Solar Installers in Walton
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make converting to solar power much easier. Local solar installers can also help you maximize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
If you're searching for a solar installer in Walton, the EcoWatch team has organized a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Walton
Factors that Affect Solar Panel Costs in Walton
Though the average cost of a solar system in Walton is $9,499, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Walton average.
Solar Financing Terms
Most solar companies in Walton have solar loans, which reduce the initial cost of installing a solar system. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Walton, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $6,418 | 16.7 years |
| 8 kW | $3.01 | $16,850 | $8,887 | 16.4 years |
| 10 kW | $2.95 | $20,650 | $11,522 | 16.0 years |
| 12 kW | $2.89 | $24,284 | $14,322 | 15.7 years |
| 14 kW | $2.83 | $27,754 | $17,287 | 15.4 years |
| 16 kW | $2.77 | $31,058 | $20,418 | 15.1 years |
| 18 kW | $2.71 | $34,196 | $23,713 | 14.8 years |
| 20 kW | $2.66 | $37,170 | $27,174 | 14.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Before signing a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Warranties that cover defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Walton, NY Solar Cost FAQs
How much does it cost to install solar panels in Walton?
The average cost of solar panels in Walton is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Walton?
Solar panels aren't free in Walton, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Walton?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.