Solar Panel Cost Guide in Canandaigua, NY (2024 Update)
- Canandaigua Solar Installation Cost: $11,777
- 25-Year Savings: $6,579
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Canandaigua
Let’s take a look at the average cost of solar panels in Canandaigua.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Canandaigua, the typical cost of solar panels is 4 per watt.The average solar panel system size in Canandaigua is around 4.6 kilowatts, meaning a cost of about $11,777 for a solar installation, or $16,841 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you choose to go with.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Canandaigua can save about $13,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Canandaigua for a quote for your home.
Solar savings over time in Canandaigua
| Year | Return on Investment |
|---|---|
| 1 years | $-10,951 |
| 3 years | $-9,299 |
| 5 years | $-7,647 |
| 7 years | $-5,995 |
| 9 years | $-4,344 |
| 11 years | $-2,692 |
| 13 years | $-1,040 |
| 15 years | $612 |
| 17 years | $2,264 |
| 19 years | $3,916 |
| 21 years | $5,567 |
| 23 years | $7,219 |
| 25 years | $8,871 |
Top Solar Installers in Canandaigua
Putting up solar panels by yourself can be a challenging task, which is why using a solar installer is a good option for many homeowners. Another advantage of going with a solar company is that they can help you maximize your return of investment by cutting back on future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you’d like to go solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers near you:
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 Canandaigua
Factors that Affect Solar Panel Costs in Canandaigua
Although the average cost of a solar system in Canandaigua is $11,777, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that offer higher 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 far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular route because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.It’s wise to factor 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Canandaigua is the company you get to install your solar panel system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that offer a range of services at different price points.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 come at a higher cost. It’s best to do some research and go with the company that has the products, warranties and services you want and also fit into 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 | $5,011 | 19.0 years |
| 8 kW | $3.72 | $20,849 | $7,090 | 18.7 years |
| 10 kW | $3.65 | $25,550 | $9,374 | 18.3 years |
| 12 kW | $3.58 | $30,047 | $11,862 | 17.9 years |
| 14 kW | $3.50 | $34,339 | $14,554 | 17.6 years |
| 16 kW | $3.43 | $38,427 | $17,451 | 17.2 years |
| 18 kW | $3.36 | $42,311 | $20,552 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $23,858 | 16.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: When looking 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.
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 Canandaigua, NY Solar Cost FAQs
How much does it cost to install solar panels in Canandaigua?
The average cost of solar panels in Canandaigua 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 things such as 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 factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Canandaigua, that will require at least a 10-kW system. Not all homes will have the roof space for 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 should I get to power my home?
To figure out what solar panel system size you need, you need to know 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.