Solar Panel Cost Guide in West Monroe, NY (2025 Update)
- West Monroe Solar Installation Cost: $11,706
- 25-Year Savings: $6,746
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in West Monroe
See how much it might cost to make the switch to solar in West Monroe.
The national average cost of solar panels is $2.66 per watt, but in West Monroe it’s 4 per watt.To account for the typical energy needs of the average home in West Monroe, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $11,706, or $16,740 before the federal solar tax credit of 0 is applied.
How much you pay can be above or below the average in West Monroe based on a few factors, such as the model of solar panels you choose and the solar installer you hire.For most homeowners, the upfront investment in solar is worth paying. On average homeowners in West Monroe see about $13,000 in savings on energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in West Monroe
| Year | Return on Investment |
|---|---|
| 1 years | $-10,797 |
| 3 years | $-8,980 |
| 5 years | $-7,163 |
| 7 years | $-5,346 |
| 9 years | $-3,529 |
| 11 years | $-1,712 |
| 13 years | $106 |
| 15 years | $1,923 |
| 17 years | $3,740 |
| 19 years | $5,557 |
| 21 years | $7,374 |
| 23 years | $9,191 |
| 25 years | $11,008 |
Top Solar Installers in West Monroe
Installing solar panels on your own can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you make the most of incentives in West Monroe, therefore optimizing your ROI.
There are various licensed solar professionals that can take care of your solar installation project. 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
See all of the solar companies in West Monroe
Factors that Affect Solar Panel Costs in West Monroe
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in West Monroe: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,650. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the West Monroe average.
Solar Financing Terms
Most solar companies in West Monroe have solar loans, which reduce your upfront costs of installing solar.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in West Monroe, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in West Monroe know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $5,281 | 18.8 years |
| 8 kW | $3.72 | $20,849 | $7,450 | 18.4 years |
| 10 kW | $3.65 | $25,550 | $9,824 | 18.1 years |
| 12 kW | $3.58 | $30,047 | $12,402 | 17.7 years |
| 14 kW | $3.50 | $34,339 | $15,185 | 17.3 years |
| 16 kW | $3.43 | $38,427 | $18,171 | 17.0 years |
| 18 kW | $3.36 | $42,311 | $21,363 | 16.6 years |
| 20 kW | $3.29 | $45,990 | $24,758 | 16.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
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 West Monroe, NY Solar Cost FAQs
How much does it cost to install solar panels in West Monroe?
The average cost of solar panels in West Monroe is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in West Monroe?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $707.48 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.