Solar Panel Cost Guide in Wilson, NY (2024 Update)
- Wilson Solar Installation Cost: $10,627
- 25-Year Savings: $7,618
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in Wilson
Find out what the average cost of solar panels are in Wilson.
Although the national average of solar panels is $2.66 per watt, solar panels in Wilson typically cost around 4.Since a 4.2-kW system is needed to cover the energy needs of a typical home in Wilson, the average price of going solar will be about $10,627 after claiming the federal solar tax credit of 0.
These figures are only estimates, and the cost of going solar for you will most likely vary based on the amount of energy your home requires and what company you go with.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Wilson can save around $15,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Wilson
| Year | Return on Investment |
|---|---|
| 1 years | $-9,719 |
| 3 years | $-7,902 |
| 5 years | $-6,085 |
| 7 years | $-4,267 |
| 9 years | $-2,450 |
| 11 years | $-633 |
| 13 years | $1,184 |
| 15 years | $3,001 |
| 17 years | $4,818 |
| 19 years | $6,635 |
| 21 years | $8,453 |
| 23 years | $10,270 |
| 25 years | $12,087 |
Top Solar Installers in Wilson
When switching to solar energy, many homeowners prefer to go with a solar company since overseeing your solar installation yourself can be a time-consuming project. The payback period of solar panels will vary depending on factors like your location and energy usage, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
There are several 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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Wilson
Factors that Affect Solar Panel Costs in Wilson
For many Wilson homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Wilson, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Wilson, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Wilson, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Wilson to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time due to interest.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 choose will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access 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 promotion can bring their pricing lower to compete with bigger companies.
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 | $7,435 | 17.0 years |
| 8 kW | $3.72 | $20,849 | $10,322 | 16.7 years |
| 10 kW | $3.65 | $25,550 | $13,414 | 16.4 years |
| 12 kW | $3.58 | $30,047 | $16,710 | 16.1 years |
| 14 kW | $3.50 | $34,339 | $20,210 | 15.7 years |
| 16 kW | $3.43 | $38,427 | $23,915 | 15.4 years |
| 18 kW | $3.36 | $42,311 | $27,824 | 15.1 years |
| 20 kW | $3.29 | $45,990 | $31,938 | 14.8 years |
How to Save on Solar Panels
The solar installer you choose will affect 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 take into account, such as:
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Wilson, NY Solar Cost FAQs
How much does it cost to install solar panels in Wilson?
The average cost of solar panels in Wilson 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 type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important consideration when buying solar panels?
Cost is definitely 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 Wilson?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.