Solar Panel Cost Guide in De Witt, NY (2023 Update)
- De Witt Solar Installation Cost: $9,565
- 25-Year Savings: $6,642
- Payback Period: 14.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in De Witt
Let's take a look at the average cost of solar panels in De Witt.
In De Witt, solar panels cost about 2.95 per watt on average. The average solar panel system size in De Witt is around 4.6 kilowatts, meaning a cost of about $9,561 for a solar installation, or $13,672 before the 30% federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in De Witt based on several factors, such as the kind of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a solid investment. The average homeowner in De Witt can save about $13,000 on their energy bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a personalized quote.
Solar savings over time in De Witt
| Year | Return on Investment |
|---|---|
| 1 years | $-8,656 |
| 3 years | $-6,839 |
| 5 years | $-5,022 |
| 7 years | $-3,205 |
| 9 years | $-1,388 |
| 11 years | $429 |
| 13 years | $2,246 |
| 15 years | $4,064 |
| 17 years | $5,881 |
| 19 years | $7,698 |
| 21 years | $9,515 |
| 23 years | $11,332 |
| 25 years | $13,149 |
Top Solar Installers in De Witt
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make switching to solar power much easier. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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 De Witt
Factors that Affect Solar Panel Costs in De Witt
While the average cost of a solar system in De Witt is $9,561, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. The model of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over five to seven years on average. Even though solar loans make going solar more accessible for De Witt homeowners, they can also add to 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 avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies operating in De Witt, and each can charge varying amounts for labor and equipment. Additionally, some companies in De Witt are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $8,108 | 15.3 years |
| 8 kW | $3.01 | $16,850 | $11,141 | 15.0 years |
| 10 kW | $2.95 | $20,650 | $14,339 | 14.8 years |
| 12 kW | $2.89 | $24,284 | $17,703 | 14.5 years |
| 14 kW | $2.83 | $27,754 | $21,231 | 14.2 years |
| 16 kW | $2.77 | $31,058 | $24,925 | 13.9 years |
| 18 kW | $2.71 | $34,196 | $28,784 | 13.6 years |
| 20 kW | $2.66 | $37,170 | $32,808 | 13.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 De Witt, NY Solar Cost FAQs
How much does it cost to install solar panels in De Witt?
The average cost of solar panels in De Witt 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 stuff like the model 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?
The initial cost is a very important 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 be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does De Witt have a net metering program?
Most states offer net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for 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 generally 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.