Solar Panel Cost Guide in Busti, NY (2023 Update)
- Busti Solar Installation Cost: $9,582
- 25-Year Savings: $5,443
- Payback Period: 15.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Busti
Find out what the average cost of a solar system is in Busti.
The national average cost of solar panels is $2.66 per watt, but in Busti it's 2.95 per watt. To account for the typical energy usage of the average home in Busti, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,582, or $13,702 before the federal solar tax credit of 30% is applied.
How much you pay can be higher or lower than the average in Busti based on several factors, such as the type of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront investment in solar power is worth paying. On average Busti homeowners see about $12,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Busti
| Year | Return on Investment |
|---|---|
| 1 years | $-8,981 |
| 3 years | $-7,779 |
| 5 years | $-6,577 |
| 7 years | $-5,375 |
| 9 years | $-4,173 |
| 11 years | $-2,971 |
| 13 years | $-1,769 |
| 15 years | $-567 |
| 17 years | $635 |
| 19 years | $1,837 |
| 21 years | $3,039 |
| 23 years | $4,241 |
| 25 years | $5,443 |
Top Solar Installers in Busti
Although you can install solar panels yourself, it involves extra time and handiness. Because of that, most people choose to hire a solar panel installer. Local solar installers can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
If you'd like to switch to solar energy but still aren't certain which solar system company to go with, here are our suggestions for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Busti
Factors that Affect Solar Panel Costs in Busti
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher 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 $2,950. There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Busti, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's wise 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in Busti, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to 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 | $3.07 | $12,886 | $6,553 | 16.6 years |
| 8 kW | $3.01 | $16,850 | $9,067 | 16.3 years |
| 10 kW | $2.95 | $20,650 | $11,747 | 15.9 years |
| 12 kW | $2.89 | $24,284 | $14,592 | 15.6 years |
| 14 kW | $2.83 | $27,754 | $17,602 | 15.3 years |
| 16 kW | $2.77 | $31,058 | $20,778 | 15.0 years |
| 18 kW | $2.71 | $34,196 | $24,118 | 14.7 years |
| 20 kW | $2.66 | $37,170 | $27,624 | 14.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Busti, NY Solar Cost FAQs
How much does it cost to install solar panels in Busti?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $647.94 per year.
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 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 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.