Solar Panel Cost Guide in South Lockport, NY (2024 Update)
- South Lockport Solar Installation Cost: $10,627
- 25-Year Savings: $6,914
- Payback Period: 17.1 Years
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Average Cost of Solar Panels in South Lockport
Find out what the average cost of solar panel installation is in South Lockport.
While the national average of solar panels is $2.66 per watt, solar panels in South Lockport typically cost about 4.Since a 4.2-kW system is needed to cover the energy costs of a typical home in South Lockport, the average price of going solar will be about $10,627 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary quite a bit based on several factors, such as what size system you need, your energy usage and what company you go with.With average savings of about $14,000 on utility bills over 20 years, many homeowners in South Lockport find investing in solar has a decent ROI.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in South Lockport
| Year | Return on Investment |
|---|---|
| 1 years | $-9,802 |
| 3 years | $-8,150 |
| 5 years | $-6,498 |
| 7 years | $-4,846 |
| 9 years | $-3,194 |
| 11 years | $-1,542 |
| 13 years | $110 |
| 15 years | $1,761 |
| 17 years | $3,413 |
| 19 years | $5,065 |
| 21 years | $6,717 |
| 23 years | $8,369 |
| 25 years | $10,021 |
Top Solar Installers in South Lockport
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using a solar panel installer can make swapping over to solar power much easier. Another perk of working with a solar installer is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
If you’d like to switch to solar energy but still aren’t sure which solar system installer to go with, here are our suggestions for providers in South Lockport:
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 South Lockport
Factors that Affect Solar Panel Costs in South Lockport
The cost of installing a solar system in South Lockport 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 you need, and other factors include equipment choices, financing options and the solar installer you choose.
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 around $3,650. There are several different solar panel brands and the one you choose also affects the cost. Usually, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in South Lockport have solar loans, which reduce your upfront costs of installing a solar system.While solar loans make switching to solar energy more accessible for South Lockport homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in South Lockport, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $6,420 | 17.8 years |
| 8 kW | $3.72 | $20,849 | $8,969 | 17.5 years |
| 10 kW | $3.65 | $25,550 | $11,723 | 17.1 years |
| 12 kW | $3.58 | $30,047 | $14,680 | 16.8 years |
| 14 kW | $3.50 | $34,339 | $17,842 | 16.5 years |
| 16 kW | $3.43 | $38,427 | $21,209 | 16.1 years |
| 18 kW | $3.36 | $42,311 | $24,780 | 15.8 years |
| 20 kW | $3.29 | $45,990 | $28,555 | 15.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Reputation: Your solar installer should have a sound 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 South Lockport, NY Solar Cost FAQs
How much does it cost to install solar panels in South Lockport?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly 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 more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in South Lockport is currently $291,881, which means you could be looking at a value of about $11,967 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in South Lockport is a worthwhile investment.
How often do you have to replace solar panels?
Even though 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 opt to 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.