Solar Panel Cost Guide in Fairmount, KS (2025 Update)
- Fairmount Solar Installation Cost: $18,496
- 25-Year Savings: $26,837
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Fairmount
We go over average solar pricing in Fairmount.
The average cost of a solar system in Fairmount is 3 per watt.To account for the typical energy usage of the average home in Fairmount, most homeowners require a 7.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,496, or $26,449 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more.Many homeowners find going solar is a fruitful investment. The average homeowner in Fairmount can save about $20,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar panel company in Fairmount for a customized quote.
Solar savings over time in Fairmount
| Year | Return on Investment |
|---|---|
| 1 years | $-17,122 |
| 3 years | $-14,374 |
| 5 years | $-11,626 |
| 7 years | $-8,877 |
| 9 years | $-6,129 |
| 11 years | $-3,381 |
| 13 years | $-633 |
| 15 years | $2,115 |
| 17 years | $4,863 |
| 19 years | $7,611 |
| 21 years | $10,359 |
| 23 years | $13,107 |
| 25 years | $15,855 |
Top Solar Installers in Fairmount
When making the switch to solar, many homeowners decide to hire a solar company since installing a solar system yourself can be a challenging project. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Fairmount:
See all of the solar companies in Fairmount
Factors that Affect Solar Panel Costs in Fairmount
The cost of installing a solar system in Fairmount can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,340. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Fairmount, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they decrease 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 overall costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can impact how much you pay. Fairmount’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for and also is within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.47 | $14,589 | $16,643 | 11.7 years |
| 8 kW | $3.41 | $19,078 | $22,565 | 11.5 years |
| 10 kW | $3.34 | $23,380 | $28,673 | 11.2 years |
| 12 kW | $3.27 | $27,495 | $34,969 | 11.0 years |
| 14 kW | $3.21 | $31,423 | $41,452 | 10.8 years |
| 16 kW | $3.14 | $35,164 | $48,122 | 10.6 years |
| 18 kW | $3.07 | $38,717 | $54,979 | 10.3 years |
| 20 kW | $3.01 | $42,084 | $62,022 | 10.1 years |
How to Save on Solar Panels
The solar installer 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:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify 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: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
EcoWatch's Fairmount, KS Solar Cost FAQs
What is the average cost of installing solar panels in Fairmount?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $16,700 for a 5-kW system and $33,400 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Fairmount?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside 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 way to go if you want to maximize your savings.
How will installing solar panels impact my home value?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.