Solar Panel Cost Guide in Camillus, NY (2024 Update)
- Camillus Solar Installation Cost: $11,835
- 25-Year Savings: $5,622
- Payback Period: 19.5 Years
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Average Cost of Solar Panels in Camillus
Find out what the average cost of a solar system is in Camillus.
The national average cost of solar panels is $2.66 per watt, but in Camillus it’s 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,835 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Camillus based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Camillus can save around $12,000 on their power bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Camillus
| Year | Return on Investment |
|---|---|
| 1 years | $-10,997 |
| 3 years | $-9,322 |
| 5 years | $-7,646 |
| 7 years | $-5,971 |
| 9 years | $-4,295 |
| 11 years | $-2,620 |
| 13 years | $-944 |
| 15 years | $731 |
| 17 years | $2,407 |
| 19 years | $4,082 |
| 21 years | $5,758 |
| 23 years | $7,433 |
| 25 years | $9,109 |
Top Solar Installers in Camillus
Although it's possible to install solar panels by yourself, it requires extra time and knowledge. That's why almost all homeowners choose to go with a solar panel installer. Plus, if you’d like to maximize your investment in solar, using a solar company can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Camillus
Factors that Affect Solar Panel Costs in Camillus
While the average cost of a solar system in Camillus is $11,835, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and kind of equipment you want for your solar system can raise or lower 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Camillus homeowners choose to finance their solar panel systems to offset upfront costs.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Camillus, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $3,729 | 20.3 years |
| 8 kW | $3.72 | $20,849 | $5,380 | 19.9 years |
| 10 kW | $3.65 | $25,550 | $7,236 | 19.5 years |
| 12 kW | $3.58 | $30,047 | $9,297 | 19.1 years |
| 14 kW | $3.50 | $34,339 | $11,561 | 18.7 years |
| 16 kW | $3.43 | $38,427 | $14,031 | 18.3 years |
| 18 kW | $3.36 | $42,311 | $16,704 | 17.9 years |
| 20 kW | $3.29 | $45,990 | $19,582 | 17.5 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Different companies have various brands and types of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Camillus, NY Solar Cost FAQs
How much does it cost to install solar panels in Camillus?
This is a tough question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Camillus?
Leasing solar panels can be an appealing 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 option if you want to get the most savings.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Camillus, 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.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.