Solar Panel Cost Guide in Penn Yan, NY (2025 Update)
- Penn Yan Solar Installation Cost: $11,815
- 25-Year Savings: $5,251
- Payback Period: 20.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Penn Yan
Find out what the average cost of a solar system is in Penn Yan.
The national average cost of solar panels is $2.66 per watt, but in Penn Yan it’s 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,815 before the 0 federal solar tax credit is applied.
The true price you pay can be higher or lower than the average in Penn Yan based on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Penn Yan can save around $12,000 on their power bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Penn Yan
| Year | Return on Investment |
|---|---|
| 1 years | $-10,989 |
| 3 years | $-9,338 |
| 5 years | $-7,686 |
| 7 years | $-6,034 |
| 9 years | $-4,382 |
| 11 years | $-2,730 |
| 13 years | $-1,078 |
| 15 years | $573 |
| 17 years | $2,225 |
| 19 years | $3,877 |
| 21 years | $5,529 |
| 23 years | $7,181 |
| 25 years | $8,833 |
Top Solar Installers in Penn Yan
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make swapping over to solar power much easier. Plus, if you’d like to maximize your investment in solar energy, using a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Penn Yan
Factors that Affect Solar Panel Costs in Penn Yan
The cost of installing a solar system in Penn Yan can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Penn Yan, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Penn Yan to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time due to interest.Though solar loans make going solar more accessible for Penn Yan homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you choose to install your solar system can affect how much it costs. Penn Yan’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Penn Yan 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 walking you through the whole process. 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 | $3,259 | 20.8 years |
| 8 kW | $3.72 | $20,849 | $4,754 | 20.4 years |
| 10 kW | $3.65 | $25,550 | $6,454 | 20.0 years |
| 12 kW | $3.58 | $30,047 | $8,358 | 19.6 years |
| 14 kW | $3.50 | $34,339 | $10,466 | 19.2 years |
| 16 kW | $3.43 | $38,427 | $12,779 | 18.8 years |
| 18 kW | $3.36 | $42,311 | $15,296 | 18.4 years |
| 20 kW | $3.29 | $45,990 | $18,018 | 18.0 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Warranty: If you’re worried about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Make sure you’re on the same page with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
EcoWatch's Penn Yan, NY Solar Cost FAQs
How much does it cost to install solar panels in Penn Yan?
The average cost of solar panels in Penn Yan 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 such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Penn Yan?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Penn Yan, 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 install between 20 and 35 panels to account for 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.