Solar Panel Cost Guide in North Tonawanda, NY (2024 Update)
- North Tonawanda Solar Installation Cost: $10,627
- 25-Year Savings: $7,618
- Payback Period: 16.4 Years
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Average Cost of Solar Panels in North Tonawanda
We break down average solar pricing in North Tonawanda.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North Tonawanda, the average cost of a solar system is 4 per watt.Using this figure, a typical 4.2-kW system would cost about $10,627 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will vary based on your specific situation and what company you want to go with.Even with the significant initial cost, the average North Tonawanda homeowner can save about $15,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar installer in North Tonawanda that can help you get a more accurate cost estimate for your home.
Solar savings over time in North Tonawanda
| Year | Return on Investment |
|---|---|
| 1 years | $-9,719 |
| 3 years | $-7,902 |
| 5 years | $-6,085 |
| 7 years | $-4,267 |
| 9 years | $-2,450 |
| 11 years | $-633 |
| 13 years | $1,184 |
| 15 years | $3,001 |
| 17 years | $4,818 |
| 19 years | $6,635 |
| 21 years | $8,453 |
| 23 years | $10,270 |
| 25 years | $12,087 |
Top Solar Installers in North Tonawanda
Although you can install solar panels yourself, it requires extra energy and handiness. Because of that, most homeowners choose to hire a solar panel installer. Another benefit of working with a solar company is that they can help you optimize your ROI by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you’d like to go solar but still aren’t certain which solar system company to go with, here are our recommendations for providers near you:
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 North Tonawanda
Factors that Affect Solar Panel Costs in North Tonawanda
For many North Tonawanda homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in North Tonawanda, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,650. The kind of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many North Tonawanda homeowners opt to finance their solar panel systems to make going solar more affordable.Though solar loans make adopting solar energy more accessible for North Tonawanda homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in North Tonawanda, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in North Tonawanda know more about local solar incentives and can help you learn about 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 | $7,435 | 17.0 years |
| 8 kW | $3.72 | $20,849 | $10,322 | 16.7 years |
| 10 kW | $3.65 | $25,550 | $13,414 | 16.4 years |
| 12 kW | $3.58 | $30,047 | $16,710 | 16.1 years |
| 14 kW | $3.50 | $34,339 | $20,210 | 15.7 years |
| 16 kW | $3.43 | $38,427 | $23,915 | 15.4 years |
| 18 kW | $3.36 | $42,311 | $27,824 | 15.1 years |
| 20 kW | $3.29 | $45,990 | $31,938 | 14.8 years |
How to Save on Solar Panels
The solar panel company you choose will affect not only your total costs, but also the types 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 consider, such as:
- Contract: Before you sign a contract with a solar company, make sure to look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
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 North Tonawanda, NY Solar Cost FAQs
What is the average cost of installing solar panels in North Tonawanda?
This is a difficult 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in North Tonawanda?
A solar panel system isn’t free in North Tonawanda, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.