Solar Panel Cost Guide in Erwin, NY (2024 Update)
- Erwin Solar Installation Cost: $11,783
- 25-Year Savings: $6,963
- Payback Period: 17.9 Years
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Average Cost of Solar Panels in Erwin
Find out what the average cost of solar panel installation is in Erwin.
While the national average of solar panels is $2.66 per watt, solar panels in Erwin typically cost around 4.Because a 4.6-kW system is needed to cover the energy costs of a typical home in Erwin, the average price of going solar will be about $11,783 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of going solar can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what company you go with.Even with the high upfront cost, the average Erwin homeowner can save about $14,000 on their electricity bills over 20 years, which is one of the perks of solar.
To receive a free estimate from a vetted solar company in Erwin, you can click the button below.
Solar savings over time in Erwin
| Year | Return on Investment |
|---|---|
| 1 years | $-10,957 |
| 3 years | $-9,305 |
| 5 years | $-7,653 |
| 7 years | $-6,001 |
| 9 years | $-4,349 |
| 11 years | $-2,698 |
| 13 years | $-1,046 |
| 15 years | $606 |
| 17 years | $2,258 |
| 19 years | $3,910 |
| 21 years | $5,562 |
| 23 years | $7,214 |
| 25 years | $8,865 |
Top Solar Installers in Erwin
Installing solar panels on your own can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Another great 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’d like to make the switch to solar but still aren’t sure which solar company to go with, here are our suggestions for providers in Erwin:
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 Erwin
Factors that Affect Solar Panel Costs in Erwin
For many Erwin homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Erwin, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.The solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Erwin average.
Solar Financing Terms
Most solar companies in Erwin provide solar loans, which reduce the initial cost of installing solar panels.Though solar loans make going solar more accessible for Erwin homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make 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 impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Erwin are more knowledgeable about local solar incentives and can help you take advantage 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 | $5,506 | 18.6 years |
| 8 kW | $3.72 | $20,849 | $7,750 | 18.2 years |
| 10 kW | $3.65 | $25,550 | $10,198 | 17.9 years |
| 12 kW | $3.58 | $30,047 | $12,851 | 17.5 years |
| 14 kW | $3.50 | $34,339 | $15,708 | 17.2 years |
| 16 kW | $3.43 | $38,427 | $18,770 | 16.8 years |
| 18 kW | $3.36 | $42,311 | $22,036 | 16.4 years |
| 20 kW | $3.29 | $45,990 | $25,506 | 16.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you care about the durability of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Before signing a contract with a solar company, make sure you look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Erwin, NY Solar Cost FAQs
What is the average cost of installing solar panels in Erwin?
The average cost of solar panels in Erwin 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 stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Erwin?
A solar panel system isn’t free in Erwin, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can solar panels significantly reduce my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Erwin, 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 check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Erwin?
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 their energy production will have decreased significantly after that point. You can opt to replace them after having 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.