Solar Panel Cost Guide in Walworth, NY (2024 Update)
- Walworth Solar Installation Cost: $11,083
- 25-Year Savings: $6,925
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Walworth
Find out what the average cost of solar panels are in Walworth.
The average cost of a solar panel system in Walworth is 4 per watt.The average Walworth homeowner needs a 4.3-kilowatt system, which would cost about $11,083 with the federal tax credit, or $15,849 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Walworth homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar panels is worth paying. On average Walworth homeowners see about $14,000 in savings on energy bills over 20 years.
To receive a free estimate from a highly rated solar company in Walworth, you can click the button below.
Solar savings over time in Walworth
| Year | Return on Investment |
|---|---|
| 1 years | $-10,225 |
| 3 years | $-8,509 |
| 5 years | $-6,793 |
| 7 years | $-5,077 |
| 9 years | $-3,361 |
| 11 years | $-1,644 |
| 13 years | $72 |
| 15 years | $1,788 |
| 17 years | $3,504 |
| 19 years | $5,220 |
| 21 years | $6,936 |
| 23 years | $8,652 |
| 25 years | $10,368 |
Top Solar Installers in Walworth
Although it's possible to install solar panels yourself, it takes extra time and knowledge. For that reason, almost all homeowners choose a solar panel installer. In addition, if you’d like to maximize your investment in solar, opting for a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to go solar but still aren’t certain which solar system company to go with, here are our suggestions for providers in Walworth:
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 Walworth
Factors that Affect Solar Panel Costs in Walworth
There are a number of criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Walworth, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Walworth provide solar loans, which reduce your upfront costs of installing a solar system.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Walworth, and each can charge varying amounts for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $6,025 | 18.1 years |
| 8 kW | $3.72 | $20,849 | $8,443 | 17.8 years |
| 10 kW | $3.65 | $25,550 | $11,064 | 17.4 years |
| 12 kW | $3.58 | $30,047 | $13,890 | 17.1 years |
| 14 kW | $3.50 | $34,339 | $16,921 | 16.7 years |
| 16 kW | $3.43 | $38,427 | $20,156 | 16.4 years |
| 18 kW | $3.36 | $42,311 | $23,595 | 16.0 years |
| 20 kW | $3.29 | $45,990 | $27,239 | 15.7 years |
How to Save on Solar Panels
The solar company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- 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.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Walworth, NY Solar Cost FAQs
How much does it cost to install solar panels in Walworth?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Walworth?
Solar panels aren’t free in Walworth, 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.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Walworth is currently $247,089, so you can look forward to a value of about $10,131 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Walworth is a fruitful investment.
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 goes down 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.