Solar Panel Cost Guide in Fairbury, NE (Sep 2022)

  • Fairbury Solar Installation Cost: $18,186
  • 25-Year Savings: $21,349
  • Payback Period: 11.5 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Fairbury

See how much it might cost to make the switch to solar in Fairbury.

Although the national average of solar panels is $2.66 per watt, solar panels in Fairbury typically cost around $3. The average solar panel system size in Fairbury is around 9.2 kilowatts, meaning a cost of about $18,186 for a solar installation, or $13,458 after the 30% federal solar tax credit 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 usually good, with a net average savings of about $16,000 over 20 years on power bills.

You can click the button below to get connected with a vetted solar company in Fairbury that can help you get a more accurate cost estimate for your home.

Solar savings over time in Fairbury

Year Return on Investment
1 years $-16,604
3 years $-13,441
5 years $-10,279
7 years $-7,116
9 years $-3,953
11 years $-790
13 years $2,373
15 years $5,535
17 years $8,698
19 years $11,861
21 years $15,024
23 years $18,187
25 years $21,349

Top Solar Installers in Fairbury

Installing solar panels on your own can be a stressful undertaking, which is why getting a solar installer is a good option for many homeowners. Also, if you'd like to maximize your investment in solar, opting for a solar installer can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.

Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

See all of the solar companies in Fairbury

Factors that Affect Solar Panel Costs in Fairbury

There are a number of factors that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment Size

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,830 per kilowatt in Fairbury. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

If paying for solar panels in cash is out of reach, solar loans are a popular route because they cut back your upfront costs and let you pay for your system over five to seven years on average. Even though solar loans make adopting solar energy more accessible for Fairbury homeowners, they can also increase 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 key cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Fairbury, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. The company's size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $2.94 $12,361 $13,478 12.0 years
8 kW $2.89 $16,165 $18,288 11.7 years
10 kW $2.83 $19,810 $23,257 11.5 years
12 kW $2.77 $23,297 $28,383 11.3 years
14 kW $2.72 $26,625 $33,668 11.0 years
16 kW $2.66 $29,794 $39,112 10.8 years
18 kW $2.60 $32,805 $44,714 10.6 years
20 kW $2.55 $35,658 $50,475 10.3 years

Solar Incentives in Fairbury

Name Dollar and Energy Savings Loans
Website Visit here
More Info Click here

Name Sales and Use Tax Exemption for Community Renewable Energy Projects
Incentive Amount 100% exemption
More Info Click here

Name Local Option - Property-Assessed Clean Energy Financing
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar installer you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:

  • Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
  • Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
  • Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best Warranty Coverage

Sunpro Solar

★★★★★
4.0

  • Industry-leading warranty coverage
  • Expansive service area
  • Some reported communication issues
  • No leases or PPAs

EcoWatch's Fairbury, NE Solar Cost FAQs

What is the average cost of installing solar panels in Fairbury?

The average cost of solar panels in Fairbury is about $14,150 for a 5-kW system and $28,300 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.

Is cost the most important consideration when buying solar panels?

Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

How much can I save on energy bills after switching to solar?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $861.33 per year.

How often do you have to replace solar panels?

Though 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 their energy production 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.

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