Solar Panel Cost Guide in Cazenovia, NY (2023 Update)
- Cazenovia Solar Installation Cost: $9,533
- 25-Year Savings: $6,071
- Payback Period: 15.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Cazenovia
We go over average solar pricing in Cazenovia.
The average cost of a solar panel system in Cazenovia is 2.95 per watt. Because a 4.6-kW system is needed to cover the energy consumption of a typical home in Cazenovia, the average price of going solar will be about $9,540 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Cazenovia homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $13,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Cazenovia
| Year | Return on Investment |
|---|---|
| 1 years | $-9,481 |
| 3 years | $-9,377 |
| 5 years | $-9,273 |
| 7 years | $-9,169 |
| 9 years | $-9,065 |
| 11 years | $-8,961 |
| 13 years | $-8,857 |
| 15 years | $-8,753 |
| 17 years | $-8,649 |
| 19 years | $-8,545 |
| 21 years | $-8,441 |
| 23 years | $-8,337 |
| 25 years | $-8,233 |
Top Solar Installers in Cazenovia
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make swapping over to solar power much easier. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our suggestions for providers in Cazenovia:
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 Cazenovia
Factors that Affect Solar Panel Costs in Cazenovia
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Cazenovia: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Cazenovia. The type of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, 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 into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Cazenovia to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Cazenovia is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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
There are numerous companies to choose from in Cazenovia, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Before you sign a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Reputation: Long-standing companies likely have a good 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.
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 Cazenovia, NY Solar Cost FAQs
How much does it cost to install solar panels in Cazenovia?
The average cost of solar panels in Cazenovia is about $14,750 for a 5-kW system and $29,500 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.
Are solar panels free in Cazenovia?
You can't get solar panels for free in Cazenovia. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Cazenovia?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using 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.