Solar Panel Cost Guide in Geddes, NY (2024 Update)
- Geddes Solar Installation Cost: $11,835
- 25-Year Savings: $4,220
- Payback Period: 21.5 Years
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Average Cost of Solar Panels in Geddes
Here’s how much it might cost to switch to solar power in Geddes.
The national average cost of solar panels is $2.66 per watt, but in Geddes it’s 4 per watt.The average Geddes homeowner needs a 4.6-kilowatt system, which would cost about $11,835 with the federal tax credit, or $16,924 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Geddes homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Geddes can save about $11,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a custom estimate.
Solar savings over time in Geddes
| Year | Return on Investment |
|---|---|
| 1 years | $-10,967 |
| 3 years | $-9,233 |
| 5 years | $-7,498 |
| 7 years | $-5,764 |
| 9 years | $-4,029 |
| 11 years | $-2,295 |
| 13 years | $-560 |
| 15 years | $1,174 |
| 17 years | $2,909 |
| 19 years | $4,643 |
| 21 years | $6,377 |
| 23 years | $8,112 |
| 25 years | $9,846 |
Top Solar Installers in Geddes
When making the switch to solar, many homeowners prefer to go with a solar installer since DIY solar panel installation can be a time-consuming project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.
If you're on the hunt for a solar company in Geddes, we've 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 Geddes
Factors that Affect Solar Panel Costs in Geddes
Though the average cost of a solar system in Geddes is $11,835, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
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 consumes, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Geddes.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Geddes, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Geddes to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.When figuring out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar 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 Geddes know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 | $1,913 | 22.3 years |
| 8 kW | $3.72 | $20,849 | $2,959 | 21.9 years |
| 10 kW | $3.65 | $25,550 | $4,210 | 21.5 years |
| 12 kW | $3.58 | $30,047 | $5,665 | 21.0 years |
| 14 kW | $3.50 | $34,339 | $7,325 | 20.6 years |
| 16 kW | $3.43 | $38,427 | $9,189 | 20.2 years |
| 18 kW | $3.36 | $42,311 | $11,257 | 19.7 years |
| 20 kW | $3.29 | $45,990 | $13,530 | 19.3 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 select 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 energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Warranty: If you’re concerned about the longevity of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, completion timeline incentives and warranties.
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 Geddes, NY Solar Cost FAQs
What is the average cost of installing solar panels in Geddes?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Geddes?
A solar panel system isn’t free in Geddes, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How much can I save on energy bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Geddes, that will require at least a 10-kW system. Not all homes 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 how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.