Solar Panel Cost Guide in Arcade, NY (2024 Update)
- Arcade Solar Installation Cost: $11,758
- 25-Year Savings: $5,999
- Payback Period: 19.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Arcade
Let’s take a look at the average cost of solar panels in Arcade.
Although the national average of solar panels is $2.66 per watt, solar panels in Arcade generally cost around 4.To cover the typical energy needs of the average home in Arcade, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $11,758, or $16,814 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar system you want to get, your solar contractor and more.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar panel company in your area for a custom estimate.
Solar savings over time in Arcade
| Year | Return on Investment |
|---|---|
| 1 years | $-10,932 |
| 3 years | $-9,280 |
| 5 years | $-7,628 |
| 7 years | $-5,976 |
| 9 years | $-4,325 |
| 11 years | $-2,673 |
| 13 years | $-1,021 |
| 15 years | $631 |
| 17 years | $2,283 |
| 19 years | $3,935 |
| 21 years | $5,586 |
| 23 years | $7,238 |
| 25 years | $8,890 |
Top Solar Installers in Arcade
Many homeowners opt for a solar installation company since installing solar panels on your own can be a labor-intensive endeavor. Plus, if you’re unsure what type of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Arcade:
Best National Provider
SunPower
- 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
- 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 Arcade
Factors that Affect Solar Panel Costs in Arcade
Though the average cost of a solar system in Arcade is $11,758, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
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 electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Arcade.The brand and type of equipment you choose 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Arcade offer solar loans, which reduce your upfront costs of installing a solar system.Although solar loans make adopting solar energy more accessible for Arcade homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has 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 | $3.80 | $15,943 | $4,269 | 19.7 years |
| 8 kW | $3.72 | $20,849 | $6,100 | 19.3 years |
| 10 kW | $3.65 | $25,550 | $8,136 | 19.0 years |
| 12 kW | $3.58 | $30,047 | $10,377 | 18.6 years |
| 14 kW | $3.50 | $34,339 | $12,822 | 18.2 years |
| 16 kW | $3.43 | $38,427 | $15,471 | 17.8 years |
| 18 kW | $3.36 | $42,311 | $18,325 | 17.4 years |
| 20 kW | $3.29 | $45,990 | $21,383 | 17.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
Best National Provider
SunPower
- 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
- 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 Arcade, NY Solar Cost FAQs
What is the average cost of installing solar panels in Arcade?
The average cost of solar panels in Arcade is about $18,250 for a 5-kW system and $36,500 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.
Should I lease or buy solar panels in Arcade?
Leasing solar panels can be an attractive choice, as it often 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Arcade?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces 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 long do solar panels last in Arcade?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.