Solar Panel Cost Guide in Dannemora, NY (2024 Update)
- Dannemora Solar Installation Cost: $11,879
- 25-Year Savings: $5,551
- Payback Period: 19.6 Years
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Average Cost of Solar Panels in Dannemora
Find out how much it might cost to go solar in Dannemora.
The national average cost of solar panels is $2.66 per watt, but in Dannemora it’s 4 per watt.The average solar panel system size in Dannemora is around 4.6 kilowatts, meaning a cost of about $11,879 for a solar installation, or $16,987 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Dannemora homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Dannemora can save about $12,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Dannemora
| Year | Return on Investment |
|---|---|
| 1 years | $-11,053 |
| 3 years | $-9,402 |
| 5 years | $-7,750 |
| 7 years | $-6,098 |
| 9 years | $-4,446 |
| 11 years | $-2,794 |
| 13 years | $-1,142 |
| 15 years | $509 |
| 17 years | $2,161 |
| 19 years | $3,813 |
| 21 years | $5,465 |
| 23 years | $7,117 |
| 25 years | $8,769 |
Top Solar Installers in Dannemora
When going solar, many homeowners prefer to use a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Another good thing about going with a top solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you're looking for a solar installer in Dannemora, the EcoWatch team has compiled a list of our top suggestions here:
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 Dannemora
Factors that Affect Solar Panel Costs in Dannemora
For many Dannemora homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Dannemora, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Dannemora, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.The brand of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Dannemora, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.While solar loans make switching to solar energy more accessible for Dannemora homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Dannemora is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that offer a range of services at different price points.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $3,610 | 20.4 years |
| 8 kW | $3.72 | $20,849 | $5,221 | 20.0 years |
| 10 kW | $3.65 | $25,550 | $7,038 | 19.6 years |
| 12 kW | $3.58 | $30,047 | $9,059 | 19.2 years |
| 14 kW | $3.50 | $34,339 | $11,284 | 18.8 years |
| 16 kW | $3.43 | $38,427 | $13,713 | 18.4 years |
| 18 kW | $3.36 | $42,311 | $16,347 | 18.0 years |
| 20 kW | $3.29 | $45,990 | $19,186 | 17.6 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
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 Dannemora, NY Solar Cost FAQs
How much does it cost to install solar panels in Dannemora?
The average cost of solar panels in Dannemora 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 model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Dannemora, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for 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 home 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.