Solar Panel Cost Guide in Warrensburg, NY (2023 Update)
- Warrensburg Solar Installation Cost: $9,375
- 25-Year Savings: $6,832
- Payback Period: 14.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Warrensburg
We go over average solar pricing in Warrensburg.
In Warrensburg, solar panels cost about 2.95 per watt on average. To account for the typical energy usage of the average home in Warrensburg, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,375, or $13,406 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. Despite the significant initial cost, the average Warrensburg homeowner can save about $14,000 on their power bills over 20 years, which is one of the positives of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Warrensburg
| Year | Return on Investment |
|---|---|
| 1 years | $-8,727 |
| 3 years | $-7,430 |
| 5 years | $-6,134 |
| 7 years | $-4,837 |
| 9 years | $-3,541 |
| 11 years | $-2,244 |
| 13 years | $-947 |
| 15 years | $349 |
| 17 years | $1,646 |
| 19 years | $2,942 |
| 21 years | $4,239 |
| 23 years | $5,535 |
| 25 years | $6,832 |
Top Solar Installers in Warrensburg
Trying to install solar panels yourself can be a time-consuming project, which is why hiring a solar installer is a good option for many homeowners. In addition, if you'd like to maximize your investment in solar power, using a solar company can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our suggestions for providers nearby:
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 Warrensburg
Factors that Affect Solar Panel Costs in Warrensburg
There are many criteria that can determine your solar panel 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
When it comes to estimating the price of a solar energy system in Warrensburg, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable option because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only 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 getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Warrensburg, and each can charge varying amounts for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that provides the products, warranties and services you're looking for and also fit into your budget.
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 | $8,537 | 15.0 years |
| 8 kW | $3.01 | $16,850 | $11,712 | 14.7 years |
| 10 kW | $2.95 | $20,650 | $15,054 | 14.5 years |
| 12 kW | $2.89 | $24,284 | $18,560 | 14.2 years |
| 14 kW | $2.83 | $27,754 | $22,231 | 13.9 years |
| 16 kW | $2.77 | $31,058 | $26,068 | 13.6 years |
| 18 kW | $2.71 | $34,196 | $30,070 | 13.3 years |
| 20 kW | $2.66 | $37,170 | $34,237 | 13.0 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 decide on the right company for you, here are some tips to keep in mind:
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: If you're worried about the longevity of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
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 Warrensburg, NY Solar Cost FAQs
What is the average cost of installing solar panels in Warrensburg?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Warrensburg?
You can't get solar panels for free in Warrensburg. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Warrensburg?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.