Solar Panel Cost Guide in De Witt, NY (2023 Update)
- De Witt Solar Installation Cost: $9,561
- 25-Year Savings: $6,646
- Payback Period: 14.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in De Witt
We go over average solar pricing 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.
These figures are just averages, and the cost of going solar for you will most likely look different based on your specific situation and what company you choose to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in De Witt can save around $13,000 on their electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in De Witt
| Year | Return on Investment |
|---|---|
| 1 years | $-8,913 |
| 3 years | $-7,616 |
| 5 years | $-6,320 |
| 7 years | $-5,023 |
| 9 years | $-3,726 |
| 11 years | $-2,430 |
| 13 years | $-1,133 |
| 15 years | $163 |
| 17 years | $1,460 |
| 19 years | $2,756 |
| 21 years | $4,053 |
| 23 years | $5,349 |
| 25 years | $6,646 |
Top Solar Installers in De Witt
When making the switch to solar, many homeowners opt to hire a solar installer since putting up a solar system yourself can be a difficult project. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 De Witt
Factors that Affect Solar Panel Costs in De Witt
The cost of installing a solar system in De Witt can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar system in De Witt, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by about $2,950 for each additional kilowatt you need. The 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 over time on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the De Witt average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in De Witt, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in De Witt is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you'll have many options for solar installers that provide a range of services at different costs. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $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
Since the brand of solar panels and the company you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 De Witt, NY Solar Cost FAQs
What is the average cost of installing solar panels in De Witt?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than 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 cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 home 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.