Solar Panel Cost Guide in Wellsville, NY (2024 Update)
- Wellsville Solar Installation Cost: $11,804
- 25-Year Savings: $6,147
- Payback Period: 18.8 Years
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Average Cost of Solar Panels in Wellsville
We break down average solar pricing in Wellsville.
The national average cost of solar panels is $2.66 per watt, but in Wellsville it’s 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,804 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Wellsville 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.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $13,000 over 20 years on utility bills.
To receive a free estimate from a vetted solar installation company in Wellsville, you can click the button below.
Solar savings over time in Wellsville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,978 |
| 3 years | $-9,327 |
| 5 years | $-7,675 |
| 7 years | $-6,023 |
| 9 years | $-4,371 |
| 11 years | $-2,719 |
| 13 years | $-1,067 |
| 15 years | $585 |
| 17 years | $2,236 |
| 19 years | $3,888 |
| 21 years | $5,540 |
| 23 years | $7,192 |
| 25 years | $8,844 |
Top Solar Installers in Wellsville
Putting up solar panels yourself can be a dangerous undertaking, which is why getting a solar installer is a good option for many homeowners. Some solar installers, especially local ones, can help you take advantage of incentives in Wellsville, thereby optimizing your ROI.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Wellsville
Factors that Affect Solar Panel Costs in Wellsville
The cost of installing a solar system in Wellsville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about 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 energy bills over many years, but they can also be a big investment. That’s why many Wellsville homeowners choose to finance their solar panel systems to make paying for solar more affordable.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Wellsville, you’ll have many 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 installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $4,429 | 19.6 years |
| 8 kW | $3.72 | $20,849 | $6,315 | 19.2 years |
| 10 kW | $3.65 | $25,550 | $8,404 | 18.8 years |
| 12 kW | $3.58 | $30,047 | $10,698 | 18.4 years |
| 14 kW | $3.50 | $34,339 | $13,197 | 18.1 years |
| 16 kW | $3.43 | $38,427 | $15,900 | 17.7 years |
| 18 kW | $3.36 | $42,311 | $18,807 | 17.3 years |
| 20 kW | $3.29 | $45,990 | $21,918 | 16.9 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:
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: Different companies will offer different brands and types of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Wellsville, NY Solar Cost FAQs
How much does it cost to install solar panels in Wellsville?
This is a hard question to answer precisely, because the cost depends on many 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 higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Wellsville?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How long do solar panels last in Wellsville?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.