Solar Panel Cost Guide in West Monroe, NY (2023 Update)
- West Monroe Solar Installation Cost: $9,458
- 25-Year Savings: $6,749
- Payback Period: 14.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in West Monroe
See how much it might cost to switch to solar power in West Monroe.
Currently, the national average cost of solar panels is $2.66 per watt. However, in West Monroe, the typical cost of solar panels is 2.95 per watt. The average West Monroe homeowner needs a 4.6-kilowatt system, which would cost about $9,458 with the federal tax credit, or $13,525 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. With average savings of about $13,000 on electricity bills over 20 years, many homeowners in West Monroe find installing solar panels can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in West Monroe for a quote for your home.
Solar savings over time in West Monroe
| Year | Return on Investment |
|---|---|
| 1 years | $-8,809 |
| 3 years | $-7,513 |
| 5 years | $-6,216 |
| 7 years | $-4,920 |
| 9 years | $-3,623 |
| 11 years | $-2,327 |
| 13 years | $-1,030 |
| 15 years | $266 |
| 17 years | $1,563 |
| 19 years | $2,860 |
| 21 years | $4,156 |
| 23 years | $5,453 |
| 25 years | $6,749 |
Top Solar Installers in West Monroe
Although it's possible to install solar panels on your own, it requires extra energy and know-how. Because of that, the majority of homeowners choose to go with a solar panel installer. The expertise that solar installers offer can be valuable as well, particularly if you aren't sure what kind of solar equipment would be right for your home.
You can work with a local solar installer to get a free quote on the cost of solar panels 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 Monroe
Factors that Affect Solar Panel Costs in West Monroe
There are many criteria that can influence your solar system 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
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in West Monroe. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over five to seven years on average. 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. 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. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $3.07 | $12,886 | $8,339 | 15.2 years |
| 8 kW | $3.01 | $16,850 | $11,449 | 14.9 years |
| 10 kW | $2.95 | $20,650 | $14,724 | 14.6 years |
| 12 kW | $2.89 | $24,284 | $18,164 | 14.3 years |
| 14 kW | $2.83 | $27,754 | $21,770 | 14.0 years |
| 16 kW | $2.77 | $31,058 | $25,541 | 13.7 years |
| 18 kW | $2.71 | $34,196 | $29,477 | 13.4 years |
| 20 kW | $2.66 | $37,170 | $33,578 | 13.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- 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 you can expect about the project timeline.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
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 Monroe, NY Solar Cost FAQs
What is the average cost of installing solar panels in West Monroe?
The average cost of solar panels in West Monroe is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in West Monroe?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home requires 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 house 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.