Solar Panel Cost Guide in Caledonia, NY (2024 Update)
- Caledonia Solar Installation Cost: $11,906
- 25-Year Savings: $6,584
- Payback Period: 18.4 Years
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Average Cost of Solar Panels in Caledonia
Find out what the average cost of a solar system is in Caledonia.
Although the national average of solar panels is $2.66 per watt, solar panels in Caledonia typically cost about 4.To cover the typical energy usage of the average home in Caledonia, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs around $11,906, or $17,026 before the federal solar tax credit of 0 is applied.
How much you pay can go above or below the average in Caledonia based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find adopting solar power is a solid investment. The average homeowner in Caledonia can save around $13,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Caledonia that can help you get a more accurate cost estimate for your home.
Solar savings over time in Caledonia
| Year | Return on Investment |
|---|---|
| 1 years | $-10,997 |
| 3 years | $-9,180 |
| 5 years | $-7,363 |
| 7 years | $-5,546 |
| 9 years | $-3,729 |
| 11 years | $-1,912 |
| 13 years | $-94 |
| 15 years | $1,723 |
| 17 years | $3,540 |
| 19 years | $5,357 |
| 21 years | $7,174 |
| 23 years | $8,991 |
| 25 years | $10,809 |
Top Solar Installers in Caledonia
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make your switch to solar power much easier. Local solar installers can also help you optimize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
If you’d like to make the switch to solar but still aren’t sure which solar system company to go with, here are our suggestions for providers nearby:
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 Caledonia
Factors that Affect Solar Panel Costs in Caledonia
Although the average cost of a solar system in Caledonia is $11,906, your final cost may differ. There are several factors that can have a sizable impact on the cost of a solar panel 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 going solar 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 $3,650 per kilowatt in Caledonia.There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Caledonia have solar loans, which reduce the initial cost of installing solar panels.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment 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 Caledonia, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $4,925 | 19.1 years |
| 8 kW | $3.72 | $20,849 | $6,975 | 18.7 years |
| 10 kW | $3.65 | $25,550 | $9,230 | 18.4 years |
| 12 kW | $3.58 | $30,047 | $11,689 | 18.0 years |
| 14 kW | $3.50 | $34,339 | $14,353 | 17.6 years |
| 16 kW | $3.43 | $38,427 | $17,221 | 17.3 years |
| 18 kW | $3.36 | $42,311 | $20,293 | 16.9 years |
| 20 kW | $3.29 | $45,990 | $23,570 | 16.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- 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 most likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
- Warranty: If you care about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Caledonia, NY Solar Cost FAQs
What is the average cost of installing solar panels in Caledonia?
The average cost of solar panels in Caledonia 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 like the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Caledonia?
Leasing solar panels can be an attractive choice, because 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 option if you want to maximize your savings.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.