Solar Panel Cost Guide in Hamburg, NY (2024 Update)
- Hamburg Solar Installation Cost: $11,696
- 25-Year Savings: $6,227
- Payback Period: 18.6 Years
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Average Cost of Solar Panels in Hamburg
We go over average solar pricing in Hamburg.
The national average cost of solar panels is $2.66 per watt, but in Hamburg it’s 4 per watt.The average Hamburg homeowner needs a 4.6-kilowatt system, which would cost about $11,696 with the federal tax credit, or $16,725 before the 0 tax credit is applied.
The actual price you pay can go above or below the average in Hamburg based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Hamburg can save about $13,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar company in Hamburg for a customized estimate.
Solar savings over time in Hamburg
| Year | Return on Investment |
|---|---|
| 1 years | $-10,842 |
| 3 years | $-9,135 |
| 5 years | $-7,429 |
| 7 years | $-5,722 |
| 9 years | $-4,015 |
| 11 years | $-2,308 |
| 13 years | $-601 |
| 15 years | $1,106 |
| 17 years | $2,813 |
| 19 years | $4,520 |
| 21 years | $6,227 |
| 23 years | $7,934 |
| 25 years | $9,641 |
Top Solar Installers in Hamburg
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be challenging. The payback period on a solar system will vary depending on factors like your location and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Hamburg
Factors that Affect Solar Panel Costs in Hamburg
The cost of installing a solar system in Hamburg can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Hamburg, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Hamburg is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for example, you’ll have no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Hamburg are more knowledgeable 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 | $4,608 | 19.4 years |
| 8 kW | $3.72 | $20,849 | $6,553 | 19.0 years |
| 10 kW | $3.65 | $25,550 | $8,702 | 18.6 years |
| 12 kW | $3.58 | $30,047 | $11,055 | 18.3 years |
| 14 kW | $3.50 | $34,339 | $13,613 | 17.9 years |
| 16 kW | $3.43 | $38,427 | $16,376 | 17.5 years |
| 18 kW | $3.36 | $42,311 | $19,342 | 17.2 years |
| 20 kW | $3.29 | $45,990 | $22,513 | 16.8 years |
How to Save on Solar Panels
There are many companies available in Hamburg, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
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 Hamburg, NY Solar Cost FAQs
What is the average cost of installing solar panels in Hamburg?
The average cost of solar panels in Hamburg 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 certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Hamburg?
Most states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces 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 long do solar panels last in Hamburg?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use 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.