Solar Panel Cost Guide in Cairo, NY (2023 Update)
- Cairo Solar Installation Cost: $9,189
- 25-Year Savings: $10,848
- Payback Period: 11.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Cairo
Let's have a look at the average cost of solar in Cairo.
The national average cost of solar panels is $2.66 per watt, but in Cairo it's 2.95 per watt. Since a 4.5-kW system is needed to cover the energy usage of a typical home in Cairo, the average price of going solar will be about $9,189 after claiming the federal solar tax credit of 30%.
These figures are just averages, and the cost of going solar for you may vary based on factors unique to your home and what company you want to go with. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Cairo find investing in solar can pay off big.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Cairo
| Year | Return on Investment |
|---|---|
| 1 years | $-8,388 |
| 3 years | $-6,785 |
| 5 years | $-5,182 |
| 7 years | $-3,579 |
| 9 years | $-1,976 |
| 11 years | $-373 |
| 13 years | $1,230 |
| 15 years | $2,833 |
| 17 years | $4,436 |
| 19 years | $6,039 |
| 21 years | $7,642 |
| 23 years | $9,245 |
| 25 years | $10,848 |
Top Solar Installers in Cairo
Although you can install solar panels by yourself, it requires extra effort and knowledge. For that reason, the majority of homeowners choose to hire a solar panel installer. Some solar companies, especially local ones, can help you make the most of incentives in Cairo, thereby optimizing your ROI.
If you're on the hunt for a solar company in Cairo, we've put together 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
See all of the solar companies in Cairo
Factors that Affect Solar Panel Costs in Cairo
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Cairo: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,950. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are offered by most installers in Cairo, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. Though solar loans make going solar more accessible for Cairo homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and go with the company that has the products, warranties and services you want and also fit into your budget.
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 | $14,125 | 11.9 years |
| 8 kW | $3.01 | $16,850 | $19,164 | 11.7 years |
| 10 kW | $2.95 | $20,650 | $24,367 | 11.5 years |
| 12 kW | $2.89 | $24,284 | $29,736 | 11.2 years |
| 14 kW | $2.83 | $27,754 | $35,271 | 11.0 years |
| 16 kW | $2.77 | $31,058 | $40,970 | 10.8 years |
| 18 kW | $2.71 | $34,196 | $46,835 | 10.6 years |
| 20 kW | $2.66 | $37,170 | $52,865 | 10.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of options before making your decision.
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 Cairo, NY Solar Cost FAQs
How much does it cost to install solar panels in Cairo?
The average cost of solar panels in Cairo is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Cairo?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 cover 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.