Solar Panel Cost Guide in Ellery, NY (2024 Update)
- Ellery Solar Installation Cost: $11,849
- 25-Year Savings: $6,086
- Payback Period: 18.9 Years
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Average Cost of Solar Panels in Ellery
Let’s take a look at the average cost of solar in Ellery.
The national average cost of solar panels is $2.66 per watt, but in Ellery it’s 4 per watt.To cover the typical energy usage of the average home in Ellery, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs about $11,849, or $16,944 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Ellery homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the high upfront cost, the average Ellery homeowner can save about $13,000 on their electricity bills over 20 years, which is one of the perks of solar.
To get a free estimate from a highly rated solar company in Ellery, you can click the button below.
Solar savings over time in Ellery
| Year | Return on Investment |
|---|---|
| 1 years | $-10,954 |
| 3 years | $-9,165 |
| 5 years | $-7,375 |
| 7 years | $-5,585 |
| 9 years | $-3,796 |
| 11 years | $-2,006 |
| 13 years | $-217 |
| 15 years | $1,573 |
| 17 years | $3,363 |
| 19 years | $5,152 |
| 21 years | $6,942 |
| 23 years | $8,731 |
| 25 years | $10,521 |
Top Solar Installers in Ellery
When going solar, many homeowners prefer to hire a solar installation company since overseeing your solar installation yourself can be a difficult project. Another advantage of using a solar installer is that they can help you make the most of your ROI by lowering your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you’d like to make the switch to solar but still aren’t certain which solar panel installer to go with, here are our recommendations for providers in Ellery:
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 Ellery
Factors that Affect Solar Panel Costs in Ellery
For many Ellery homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Ellery, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
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 power your household uses, the larger your system will likely need to be. You can expect to spend about $3,650 per kilowatt in Ellery.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the Ellery average.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Ellery, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Ellery know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $4,320 | 19.7 years |
| 8 kW | $3.72 | $20,849 | $6,169 | 19.3 years |
| 10 kW | $3.65 | $25,550 | $8,222 | 18.9 years |
| 12 kW | $3.58 | $30,047 | $10,480 | 18.5 years |
| 14 kW | $3.50 | $34,339 | $12,942 | 18.2 years |
| 16 kW | $3.43 | $38,427 | $15,608 | 17.8 years |
| 18 kW | $3.36 | $42,311 | $18,479 | 17.4 years |
| 20 kW | $3.29 | $45,990 | $21,554 | 17.0 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Installation Process: When making the switch to solar energy, it’s necessary to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project completion timeline.
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
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 Ellery, NY Solar Cost FAQs
How much does it cost to install solar panels in Ellery?
The average cost of solar panels in Ellery 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 such as the model 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?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of 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 eradicate your electricity bills with solar panels, but for most homeowners in Ellery, 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 long do solar panels last in Ellery?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.