Solar Panel Cost Guide in Fairway, KS (2024 Update)
- Fairway Solar Installation Cost: $18,352
- 25-Year Savings: $26,718
- Payback Period: 11.2 Years
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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.
Although the national average of solar panels is $2.66 per watt, solar panels in Fairway typically cost about 3.To cover the typical energy usage of the average home in Fairway, most homeowners require a 7.8-kilowatt system. Using the per-watt figure above, a solar installation costs around $18,352, or $26,243 before the federal solar tax credit of 0 is applied.
Keep in mind 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 system you want, your solar contractor and more.But, after you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $20,000 over 20 years on power bills.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Fairway
| Year | Return on Investment |
|---|---|
| 1 years | $-16,968 |
| 3 years | $-14,200 |
| 5 years | $-11,432 |
| 7 years | $-8,665 |
| 9 years | $-5,897 |
| 11 years | $-3,129 |
| 13 years | $-361 |
| 15 years | $2,407 |
| 17 years | $5,175 |
| 19 years | $7,942 |
| 21 years | $10,710 |
| 23 years | $13,478 |
| 25 years | $16,246 |
Top Solar Installers in Fairway
Although you can install solar panels by yourself, it involves extra labor and knowledge. Because of that, almost all homeowners choose to hire a solar panel installer. Another good thing about going with a vetted solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Fairway
Factors that Affect Solar Panel Costs in Fairway
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in Fairway: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Fairway, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $3,340 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Fairway, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Though solar loans make switching to solar energy more accessible for Fairway homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Fairway, you’ll have plenty of options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $16,711 | 11.7 years |
| 8 kW | $3.41 | $19,078 | $22,656 | 11.4 years |
| 10 kW | $3.34 | $23,380 | $28,787 | 11.2 years |
| 12 kW | $3.27 | $27,495 | $35,106 | 11.0 years |
| 14 kW | $3.21 | $31,423 | $41,612 | 10.8 years |
| 16 kW | $3.14 | $35,164 | $48,304 | 10.5 years |
| 18 kW | $3.07 | $38,717 | $55,184 | 10.3 years |
| 20 kW | $3.01 | $42,084 | $62,251 | 10.1 years |
How to Save on Solar Panels
There are many companies available in Fairway, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: If you’re worried about the endurance of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Each solar panel brand and kind offers 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: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Fairway, KS Solar Cost FAQs
What is the average cost of installing solar panels in Fairway?
The average cost of solar panels in Fairway is about $16,700 for a 5-kW system and $33,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Fairway, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a 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 get between 20 and 35 panels to account for 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.
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.