Solar Panel Cost Guide in Schuyler, NE (2024 Update)
- Schuyler Solar Installation Cost: $23,794
- 25-Year Savings: $19,759
- Payback Period: 15.4 Years
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Average Cost of Solar Panels in Schuyler
Let’s take a look at the average cost of solar panels in Schuyler.
In Schuyler, solar panels cost about 4 per watt on average.Using this figure, a typical 9.5-kW system would cost about $23,794 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Schuyler homeowners. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find adopting solar power is a solid investment. The average homeowner in Schuyler can save around $15,000 on their power bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a custom estimate.
Solar savings over time in Schuyler
| Year | Return on Investment |
|---|---|
| 1 years | $-22,530 |
| 3 years | $-20,003 |
| 5 years | $-17,475 |
| 7 years | $-14,948 |
| 9 years | $-12,420 |
| 11 years | $-9,893 |
| 13 years | $-7,365 |
| 15 years | $-4,838 |
| 17 years | $-2,310 |
| 19 years | $217 |
| 21 years | $2,745 |
| 23 years | $5,272 |
| 25 years | $7,800 |
Top Solar Installers in Schuyler
Many homeowners choose to use a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Schuyler
Factors that Affect Solar Panel Costs in Schuyler
While the average cost of a solar system in Schuyler is $23,794, your final cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Schuyler, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $3,580 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 in the long run on your energy bills. In addition, add-on products, like solar batteries, can bring your total well above the Schuyler average.
Solar Financing Terms
Many homeowners find the average cost of solar in Schuyler to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, 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 Schuyler is the company you get to install your solar system. As with choosing a company to install new cabinets, for example, there’s no shortage of solar installers that provide a range of services for different budgets.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.72 | $15,637 | $8,735 | 16.0 years |
| 8 kW | $3.65 | $20,449 | $12,047 | 15.7 years |
| 10 kW | $3.58 | $25,060 | $15,560 | 15.4 years |
| 12 kW | $3.51 | $29,471 | $19,273 | 15.1 years |
| 14 kW | $3.44 | $33,681 | $23,187 | 14.8 years |
| 16 kW | $3.37 | $37,690 | $27,302 | 14.5 years |
| 18 kW | $3.29 | $41,499 | $31,617 | 14.2 years |
| 20 kW | $3.22 | $45,108 | $36,132 | 13.9 years |
How to Save on Solar Panels
There are a large number of companies available in Schuyler, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: If you’re concerned about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The type of solar panel you’d like to get plays a part in which company you should opt for, since different companies offer different panels.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
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 Schuyler, NE Solar Cost FAQs
How much does it cost to install solar panels in Schuyler?
The average cost of solar panels in Schuyler is about $17,900 for a 5-kW system and $35,800 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Schuyler?
Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The drawback 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 much can I save on energy bills after installing solar panels?
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 $812.40 per year.
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 are completely unusable at that time. What this means is the amount of 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 continue to use 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.