Solar Panel Cost Guide in Moriah, NY (2024 Update)
- Moriah Solar Installation Cost: $11,859
- 25-Year Savings: $6,153
- Payback Period: 18.8 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Moriah
We go over average solar pricing in Moriah.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Moriah, the average cost of solar panels is 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,859 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of solar system you want, your solar contractor and more.With typical savings of about $13,000 on utility bills over 20 years, many homeowners in Moriah find going solar can pay off big.
Click the button below to get connected to a vetted solar company in your area for a custom estimate.
Solar savings over time in Moriah
Year | Return on Investment |
---|---|
1 years | $-10,992 |
3 years | $-9,257 |
5 years | $-7,523 |
7 years | $-5,788 |
9 years | $-4,054 |
11 years | $-2,319 |
13 years | $-585 |
15 years | $1,150 |
17 years | $2,884 |
19 years | $4,619 |
21 years | $6,353 |
23 years | $8,088 |
25 years | $9,822 |
Top Solar Installers in Moriah
Although you can install solar panels yourself, it requires extra labor and knowledge. Because of that, almost all homeowners choose to hire a solar panel installer. The payback period on a solar system will vary based on factors like your roof configuration and energy consumption, but going with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Moriah
Factors that Affect Solar Panel Costs in Moriah
The cost of installing a solar system in Moriah can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Moriah, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Moriah offer solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Moriah is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different costs.Additionally, some companies in Moriah have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $4,401 | 19.6 years |
8 kW | $3.72 | $20,849 | $6,277 | 19.2 years |
10 kW | $3.65 | $25,550 | $8,357 | 18.8 years |
12 kW | $3.58 | $30,047 | $10,642 | 18.5 years |
14 kW | $3.50 | $34,339 | $13,131 | 18.1 years |
16 kW | $3.43 | $38,427 | $15,825 | 17.7 years |
18 kW | $3.36 | $42,311 | $18,723 | 17.3 years |
20 kW | $3.29 | $45,990 | $21,825 | 17.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Moriah, NY Solar Cost FAQs
What is the average cost of installing solar panels in Moriah?
The average cost of solar panels in Moriah 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 model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Moriah?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is making the switch to solar worth it?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.