Solar Panel Cost Guide in West Monroe, NY (2024 Update)

  • West Monroe Solar Installation Cost: $11,706
  • 25-Year Savings: $6,746
  • Payback Period: 18.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in West Monroe

See how much it might cost to make the switch to solar in West Monroe.

In West Monroe, solar panels cost about 4 per watt on average.Because a 4.6-kW system is needed to cover the energy costs of a typical home in West Monroe, the average price of going solar will be about $11,706 after claiming the federal solar tax credit of 0.

How much you pay can be above or below the average in West Monroe depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in West Monroe can save about $13,000 on their energy bills over 20 years.

To get a free estimate from a pre-vetted solar company in West Monroe, you can click the button below.

Solar savings over time in West Monroe

YearReturn 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 by yourself can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by offering warranties and repairs.

There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0
  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • 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

The cost of installing a solar system in West Monroe can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment

System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

Many homeowners find the average cost of solar in West Monroe to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.However, the interest on solar loans also increases your overall costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

Finally, the company you get to install your solar panel system can play a part in determining the cost. West Monroe’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in West Monroe have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.80$15,943$5,28118.8 years
8 kW$3.72$20,849$7,45018.4 years
10 kW$3.65$25,550$9,82418.1 years
12 kW$3.58$30,047$12,40217.7 years
14 kW$3.50$34,339$15,18517.3 years
16 kW$3.43$38,427$18,17117.0 years
18 kW$3.36$42,311$21,36316.6 years
20 kW$3.29$45,990$24,75816.3 years

How to Save on Solar Panels

There are many companies available in West Monroe, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
  • Solar Panel Brands: Different companies will have different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
  • Warranty: If you’re concerned about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: It’s important to read through your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.

Best National Provider

SunPower

★★★★★
5.0
  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5
  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0
  • 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?

This is a difficult question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Is it better to lease or buy solar panels in West Monroe?

Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 eliminate my electricity bills?

It is possible to erase your electricity bills with solar panels, but for most homeowners in West Monroe, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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.

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.