Solar Panel Cost Guide in Busti, NY (2024 Update)
- Busti Solar Installation Cost: $11,849
- 25-Year Savings: $5,448
- Payback Period: 19.7 Years
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Average Cost of Solar Panels in Busti
Find out what the average cost of installing solar panels is in Busti.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Busti, the typical cost of a solar system is 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,849 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy consumption, the type of equipment you want, your solar contractor and more.Even with the significant initial cost, the average Busti homeowner can save about $12,000 on their electricity bills over 20 years, which is one of the perks of solar.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Busti
| Year | Return on Investment |
|---|---|
| 1 years | $-10,940 |
| 3 years | $-9,123 |
| 5 years | $-7,306 |
| 7 years | $-5,489 |
| 9 years | $-3,672 |
| 11 years | $-1,855 |
| 13 years | $-38 |
| 15 years | $1,780 |
| 17 years | $3,597 |
| 19 years | $5,414 |
| 21 years | $7,231 |
| 23 years | $9,048 |
| 25 years | $10,865 |
Top Solar Installers in Busti
Although you can install solar panels on your own, it requires extra time and know-how. For that reason, almost all homeowners choose to go with a solar panel installer. 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.
If you're searching for a solar company in Busti, we've organized a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Busti
Factors that Affect Solar Panel Costs in Busti
For many Busti homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Busti, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,650. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Busti average.
Solar Financing Terms
Many homeowners find the average cost of solar in Busti to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Busti, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically 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 additional 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 | $3.80 | $15,943 | $3,495 | 20.5 years |
| 8 kW | $3.72 | $20,849 | $5,069 | 20.1 years |
| 10 kW | $3.65 | $25,550 | $6,847 | 19.7 years |
| 12 kW | $3.58 | $30,047 | $8,830 | 19.3 years |
| 14 kW | $3.50 | $34,339 | $11,017 | 18.9 years |
| 16 kW | $3.43 | $38,427 | $13,408 | 18.5 years |
| 18 kW | $3.36 | $42,311 | $16,004 | 18.1 years |
| 20 kW | $3.29 | $45,990 | $18,804 | 17.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Busti, NY Solar Cost FAQs
What is the average cost of installing solar panels in Busti?
The average cost of solar panels in Busti is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Busti?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Busti is currently $137,660, which means you can look forward to a value of about $5,644 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Busti is a rewarding investment.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.