Solar Panel Cost Guide in Livonia, NY (2024 Update)
- Livonia Solar Installation Cost: $11,906
- 25-Year Savings: $6,272
- Payback Period: 18.7 Years
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Average Cost of Solar Panels in Livonia
Find out what the average cost of solar panel installation is in Livonia.
Although the national average of solar panels is $2.66 per watt, solar panels in Livonia generally cost about 4.The average solar panel system size in Livonia is around 4.7 kilowatts, meaning a cost of about $11,906 for a solar installation, or $17,026 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Livonia homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar power is worth paying. On average Livonia homeowners see about $13,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Livonia
| Year | Return on Investment |
|---|---|
| 1 years | $-11,016 |
| 3 years | $-9,235 |
| 5 years | $-7,455 |
| 7 years | $-5,674 |
| 9 years | $-3,894 |
| 11 years | $-2,114 |
| 13 years | $-333 |
| 15 years | $1,447 |
| 17 years | $3,228 |
| 19 years | $5,008 |
| 21 years | $6,788 |
| 23 years | $8,569 |
| 25 years | $10,349 |
Top Solar Installers in Livonia
When making the switch to solar, many homeowners decide to hire a solar installation company since installing solar panels yourself can be a challenging project. Local solar installers can also help you maximize your return on investment by walking you through any local incentives you can take advantage of and by offering warranties and repairs.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Livonia
Factors that Affect Solar Panel Costs in Livonia
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that determine your overall cost in Livonia: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Livonia, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, 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 kind of equipment you choose 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more 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
If paying for a solar system in cash is too expensive, solar loans are a popular choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can influence the cost. Livonia’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Livonia know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $4,522 | 19.5 years |
| 8 kW | $3.72 | $20,849 | $6,438 | 19.1 years |
| 10 kW | $3.65 | $25,550 | $8,559 | 18.7 years |
| 12 kW | $3.58 | $30,047 | $10,884 | 18.4 years |
| 14 kW | $3.50 | $34,339 | $13,414 | 18.0 years |
| 16 kW | $3.43 | $38,427 | $16,147 | 17.6 years |
| 18 kW | $3.36 | $42,311 | $19,086 | 17.2 years |
| 20 kW | $3.29 | $45,990 | $22,228 | 16.9 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
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 Livonia, NY Solar Cost FAQs
What is the average cost of installing solar panels in Livonia?
This is a hard question to answer exactly, because the cost depends on a few different 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The initial cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Livonia?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.