Solar Panel Cost Guide in West Elmira, NY (Mar 2023)
- West Elmira Solar Installation Cost: $9,520
- 25-Year Savings: $5,280
- Payback Period: 16.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in West Elmira
Find out what the average cost of installing solar panels is in West Elmira.
In West Elmira, solar panels cost about 2.95 per watt on average. Because a 4.6-kW system is needed to cover the energy usage of a typical home in West Elmira, the average price of going solar will be about $9,520 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average West Elmira homeowner. The cost of a solar system for your home may be 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 West Elmira homeowners see about $12,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a customized estimate.
Solar savings over time in West Elmira
| Year | Return on Investment |
|---|---|
| 1 years | $-8,928 |
| 3 years | $-7,744 |
| 5 years | $-6,560 |
| 7 years | $-5,376 |
| 9 years | $-4,192 |
| 11 years | $-3,008 |
| 13 years | $-1,824 |
| 15 years | $-640 |
| 17 years | $544 |
| 19 years | $1,728 |
| 21 years | $2,912 |
| 23 years | $4,096 |
| 25 years | $5,280 |
Top Solar Installers in West Elmira
Trying to put up solar panels on your own can be a difficult undertaking, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in West Elmira
Factors that Affect Solar Panel Costs in West Elmira
Though the average cost of a solar system in West Elmira is $9,520, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in West Elmira. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you're looking to install 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
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in West Elmira, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's wise to factor 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 back the loan.
Solar Panel Installation Company
The solar company you choose will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that provides the products, warranties and services you're looking for and also is within 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 | $6,380 | 16.7 years |
| 8 kW | $3.01 | $16,850 | $8,838 | 16.4 years |
| 10 kW | $2.95 | $20,650 | $11,460 | 16.1 years |
| 12 kW | $2.89 | $24,284 | $14,248 | 15.8 years |
| 14 kW | $2.83 | $27,754 | $17,201 | 15.4 years |
| 16 kW | $2.77 | $31,058 | $20,319 | 15.1 years |
| 18 kW | $2.71 | $34,196 | $23,602 | 14.8 years |
| 20 kW | $2.66 | $37,170 | $27,050 | 14.5 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's West Elmira, NY Solar Cost FAQs
What is the average cost of installing solar panels in West Elmira?
The average cost of solar panels in West Elmira 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $642.20 per year.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 household 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.