Solar Panel Cost Guide in Cazenovia, NY (Mar 2023)
- Cazenovia Solar Installation Cost: $9,540
- 25-Year Savings: $6,064
- Payback Period: 15.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Cazenovia
Let's have a look at the average cost of solar panels in Cazenovia.
Although the national average of solar panels is $2.66 per watt, solar panels in Cazenovia typically cost about 2.95. Using this figure, a typical 4.6-kW system would cost about $9,540 before the 30% federal solar tax credit is applied.
How much you pay can be higher or lower than the average in Cazenovia based on a few factors, such as the type of solar panels you choose and the solar contractor you hire. With average savings of about $13,000 on electricity bills over 20 years, many homeowners in Cazenovia find going solar can be quite rewarding.
To get a free estimate from a top solar installation company in Cazenovia, you can click the button below.
Solar savings over time in Cazenovia
| Year | Return on Investment |
|---|---|
| 1 years | $-8,916 |
| 3 years | $-7,668 |
| 5 years | $-6,420 |
| 7 years | $-5,171 |
| 9 years | $-3,923 |
| 11 years | $-2,675 |
| 13 years | $-1,426 |
| 15 years | $-178 |
| 17 years | $1,070 |
| 19 years | $2,319 |
| 21 years | $3,567 |
| 23 years | $4,815 |
| 25 years | $6,064 |
Top Solar Installers in Cazenovia
Although it's possible to install solar panels on your own, it involves extra effort and knowledge. For that reason, most people choose to hire a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be right for your family.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Cazenovia
Factors that Affect Solar Panel Costs in Cazenovia
Though the average cost of a solar system in Cazenovia is $9,540, your actual cost may differ. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. The kind of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Cazenovia provide solar loans, which reduce the initial cost of installing a solar system. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can affect your pricing. Cazenovia's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and go with the company that offers 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 | $7,395 | 15.9 years |
| 8 kW | $3.01 | $16,850 | $10,190 | 15.6 years |
| 10 kW | $2.95 | $20,650 | $13,150 | 15.3 years |
| 12 kW | $2.89 | $24,284 | $16,276 | 15.0 years |
| 14 kW | $2.83 | $27,754 | $19,567 | 14.7 years |
| 16 kW | $2.77 | $31,058 | $23,023 | 14.4 years |
| 18 kW | $2.71 | $34,196 | $26,644 | 14.1 years |
| 20 kW | $2.66 | $37,170 | $30,431 | 13.7 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. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: The type of solar panel you'd like to install plays a part in which installer you should opt for, since different companies have access to 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 high-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Cazenovia, NY Solar Cost FAQs
How much does it cost to install solar panels in Cazenovia?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is certainly 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 Cazenovia?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
How many solar panels do I need to power 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 buy between 20 and 35 panels to account for 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.