Solar Panel Cost Guide in Fairway, KS (2023 Update)
- Fairway Solar Installation Cost: $14,231
- 25-Year Savings: $26,718
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Fairway
Let's take a look at the average cost of solar panels in Fairway.
The national average cost of solar panels is $2.66 per watt, but in Fairway it's 2.59 per watt. Using this figure, a typical 7.8-kW system would cost about $14,232 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will most likely vary based on your energy needs and what company you go with. Even with the large upfront cost, the average Fairway homeowner can save around $20,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar panel company in your area for a customized estimate.
Solar savings over time in Fairway
| Year | Return on Investment |
|---|---|
| 1 years | $-12,847 |
| 3 years | $-10,079 |
| 5 years | $-7,311 |
| 7 years | $-4,544 |
| 9 years | $-1,776 |
| 11 years | $992 |
| 13 years | $3,760 |
| 15 years | $6,528 |
| 17 years | $9,296 |
| 19 years | $12,063 |
| 21 years | $14,831 |
| 23 years | $17,599 |
| 25 years | $20,367 |
Top Solar Installers in Fairway
Many homeowners opt for a solar panel installer since figuring out how to install solar panels yourself can be a lot of work. Plus, if you aren't sure what type of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
See all of the solar companies in Fairway
Factors that Affect Solar Panel Costs in Fairway
The cost of installing a solar system in Fairway can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,590. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Fairway average.
Solar Financing Terms
Many homeowners find the average cost of solar in Fairway to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Fairway is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Fairway have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $2.69 | $11,313 | $19,987 | 9.0 years |
| 8 kW | $2.64 | $14,794 | $26,940 | 8.9 years |
| 10 kW | $2.59 | $18,130 | $34,037 | 8.7 years |
| 12 kW | $2.54 | $21,321 | $41,280 | 8.5 years |
| 14 kW | $2.49 | $24,367 | $48,668 | 8.3 years |
| 16 kW | $2.43 | $27,268 | $56,200 | 8.2 years |
| 18 kW | $2.38 | $30,023 | $63,878 | 8.0 years |
| 20 kW | $2.33 | $32,634 | $71,701 | 7.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: If you're worried about the endurance of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
EcoWatch's Fairway, KS Solar Cost FAQs
What is the average cost of installing solar panels in Fairway?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $12,950 for a 5-kW system and $25,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Fairway?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
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 should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had 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.