Solar Panel Cost Guide in Ilion, NY (2024 Update)

  • Ilion Solar Installation Cost: $11,934
  • 25-Year Savings: $5,859
  • Payback Period: 19.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Ilion

Find out how much it might cost to make the switch to solar in Ilion.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Ilion, the average cost of a solar system is 4 per watt.The average Ilion homeowner needs a 4.7-kilowatt system, which would cost about $11,934 with the federal tax credit, or $17,066 before the 0 tax credit is applied.

Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of equipment you want, your solar contractor and more.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Ilion see about $13,000 in savings on energy bills over 20 years.

For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Ilion

Year Return on Investment
1 years $-11,108
3 years $-9,456
5 years $-7,804
7 years $-6,152
9 years $-4,500
11 years $-2,848
13 years $-1,197
15 years $455
17 years $2,107
19 years $3,759
21 years $5,411
23 years $7,063
25 years $8,714

Top Solar Installers in Ilion

Trying to put up solar panels by yourself can be a difficult undertaking, which is why hiring a solar installation company is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar energy, using a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.

There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Ilion

Factors that Affect Solar Panel Costs in Ilion

There are many criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Ilion, 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 determine by looking at past energy bills. Your overall cost can increase by around $3,650 for each additional kilowatt you need.The kind of 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 in the long run on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Ilion average.

Solar Financing Terms

Most solar companies in Ilion offer solar loans, which reduce your upfront costs of installing solar panels.Even though solar loans make switching to solar energy more accessible for Ilion homeowners, they can also increase the total you pay for your system due to interest. 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 remaining major cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Ilion, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 $3,973 20.0 years
8 kW $3.72 $20,849 $5,706 19.6 years
10 kW $3.65 $25,550 $7,643 19.2 years
12 kW $3.58 $30,047 $9,785 18.9 years
14 kW $3.50 $34,339 $12,131 18.5 years
16 kW $3.43 $38,427 $14,682 18.1 years
18 kW $3.36 $42,311 $17,437 17.7 years
20 kW $3.29 $45,990 $20,396 17.3 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Installation Process: When making the switch to solar energy, it’s important to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project completion timeline.
  • Reputation: Your solar installer should have a good 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 satisfied reviews from previous customers.
  • Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
  • Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Ilion, NY Solar Cost FAQs

How much does it cost to install solar panels in Ilion?

This is a hard question to answer precisely, because the cost depends on a variety of 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 extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Is it better to lease or buy solar panels in Ilion?

Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.

Can solar panels completely eradicate my energy bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Ilion, 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 Ilion?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely 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.

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