Solar Panel Cost Guide in Walton, NY (2024 Update)
- Walton Solar Installation Cost: $11,754
- 25-Year Savings: $5,301
- Payback Period: 19.9 Years
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Average Cost of Solar Panels in Walton
Find out how much it might cost to switch to solar power in Walton.
The average cost of solar panels in Walton is 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,754 before the 0 federal solar 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 installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what installation company you go with.Even with the significant initial cost, the average Walton homeowner can save about $12,000 on their power bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a top solar installer in Walton for a personalized estimate.
Solar savings over time in Walton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,928 |
| 3 years | $-9,276 |
| 5 years | $-7,624 |
| 7 years | $-5,972 |
| 9 years | $-4,320 |
| 11 years | $-2,668 |
| 13 years | $-1,017 |
| 15 years | $635 |
| 17 years | $2,287 |
| 19 years | $3,939 |
| 21 years | $5,591 |
| 23 years | $7,243 |
| 25 years | $8,894 |
Top Solar Installers in Walton
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make swapping over to solar power much easier. Some solar companies, especially local ones, can help you make the most of incentives in Walton, therefore optimizing your ROI.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Walton:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Walton
Factors that Affect Solar Panel Costs in Walton
There are several factors that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,650. The kind of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Walton homeowners opt to finance their solar panel systems to make going solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Walton is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services for different budgets.The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down 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 | $3.80 | $15,943 | $3,360 | 20.6 years |
| 8 kW | $3.72 | $20,849 | $4,889 | 20.3 years |
| 10 kW | $3.65 | $25,550 | $6,622 | 19.9 years |
| 12 kW | $3.58 | $30,047 | $8,560 | 19.5 years |
| 14 kW | $3.50 | $34,339 | $10,702 | 19.1 years |
| 16 kW | $3.43 | $38,427 | $13,048 | 18.7 years |
| 18 kW | $3.36 | $42,311 | $15,599 | 18.3 years |
| 20 kW | $3.29 | $45,990 | $18,354 | 17.9 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Walton, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Look through the contract terms carefully to make sure you understand the total cost, completion timeline rebates and warranties.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: When making the switch to solar energy, it’s necessary to maintain an open line of communication with your solar company. See to it that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you prefer a specific brand, make sure the solar panel company you’re considering has it.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Walton, NY Solar Cost FAQs
What is the average cost of installing solar panels in Walton?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Walton?
A solar panel system isn’t free in Walton, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Walton have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.