Solar Panel Cost Guide in Victor, NY (2024 Update)
- Victor Solar Installation Cost: $11,777
- 25-Year Savings: $7,408
- Payback Period: 17.4 Years
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Average Cost of Solar Panels in Victor
Find out what the average cost of a solar system is in Victor.
In Victor, solar panels cost about 4 per watt on average.Since a 4.6-kW system is needed to cover the energy costs of a typical home in Victor, the average price of going solar will be about $11,777 after claiming the federal solar tax credit of 0.
These figures are just averages, and how much solar costs for you may look different based on factors unique to your home and what company you go with.Even with the significant upfront cost, the average Victor homeowner can save around $14,000 on their power bills over 20 years, which is one of the perks of solar.
To get a free quote from a top solar installer in Victor, you can click the button below.
Solar savings over time in Victor
| Year | Return on Investment |
|---|---|
| 1 years | $-10,870 |
| 3 years | $-9,056 |
| 5 years | $-7,242 |
| 7 years | $-5,428 |
| 9 years | $-3,614 |
| 11 years | $-1,800 |
| 13 years | $14 |
| 15 years | $1,828 |
| 17 years | $3,642 |
| 19 years | $5,456 |
| 21 years | $7,270 |
| 23 years | $9,084 |
| 25 years | $10,898 |
Top Solar Installers in Victor
Trying to put up solar panels yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Solar warranties and repairs are typically included in the cost of installation when you go with a solar company too, which can save you more money after your upfront investment.
If you’d like to switch to solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers nearby:
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 Victor
Factors that Affect Solar Panel Costs in Victor
Though the average cost of a solar system in Victor is $11,777, 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 residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most significant 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 electricity your household uses, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Victor.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, 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 Victor to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you select will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fit into your budget.
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 | $6,090 | 18.1 years |
| 8 kW | $3.72 | $20,849 | $8,529 | 17.7 years |
| 10 kW | $3.65 | $25,550 | $11,172 | 17.4 years |
| 12 kW | $3.58 | $30,047 | $14,019 | 17.0 years |
| 14 kW | $3.50 | $34,339 | $17,071 | 16.7 years |
| 16 kW | $3.43 | $38,427 | $20,327 | 16.4 years |
| 18 kW | $3.36 | $42,311 | $23,788 | 16.0 years |
| 20 kW | $3.29 | $45,990 | $27,453 | 15.7 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:
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before making your decision.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
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 Victor, NY Solar Cost FAQs
How much does it cost to install solar panels in Victor?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Victor?
Solar panels aren’t free in Victor, 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.
Does Victor have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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.