Solar Panel Cost Guide in Fairport, NY (2024 Update)
- Fairport Solar Installation Cost: $10,653
- 25-Year Savings: $5,694
- Payback Period: 18.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Fairport
Let’s have a look at the average cost of solar panels in Fairport.
The national average cost of solar panels is $2.66 per watt, but in Fairport it’s 4 per watt.The average Fairport homeowner needs a 4.2-kilowatt system, which would cost about $10,653 with the federal tax credit, or $15,234 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit depending on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.With typical savings of about $13,000 on electricity bills over 20 years, many homeowners in Fairport find investing in solar can be quite rewarding.
Click the button below to get connected to a highly rated solar installer in your area for a personalized estimate.
Solar savings over time in Fairport
| Year | Return on Investment |
|---|---|
| 1 years | $-9,746 |
| 3 years | $-7,934 |
| 5 years | $-6,122 |
| 7 years | $-4,309 |
| 9 years | $-2,497 |
| 11 years | $-684 |
| 13 years | $1,128 |
| 15 years | $2,941 |
| 17 years | $4,753 |
| 19 years | $6,566 |
| 21 years | $8,378 |
| 23 years | $10,190 |
| 25 years | $12,003 |
Top Solar Installers in Fairport
Although it's possible to install solar panels yourself, it takes extra effort and handiness. That's why most people choose to hire a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance in the long run.
There are various 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Fairport
Factors that Affect Solar Panel Costs in Fairport
For many Fairport homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Fairport, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Fairport average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Fairport homeowners opt to finance their solar panel systems to offset upfront costs.Though solar loans make going solar more accessible for Fairport homeowners, they can also add to the total you pay for your system, depending on your interest rate. 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 select will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Companies that 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 at a higher cost. It’s best to do some research and choose a company that provides the products, warranties and services you’re looking for and also fits within 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 | $3.80 | $15,943 | $4,641 | 19.4 years |
| 8 kW | $3.72 | $20,849 | $6,597 | 19.0 years |
| 10 kW | $3.65 | $25,550 | $8,757 | 18.6 years |
| 12 kW | $3.58 | $30,047 | $11,122 | 18.2 years |
| 14 kW | $3.50 | $34,339 | $13,691 | 17.9 years |
| 16 kW | $3.43 | $38,427 | $16,465 | 17.5 years |
| 18 kW | $3.36 | $42,311 | $19,443 | 17.1 years |
| 20 kW | $3.29 | $45,990 | $22,625 | 16.8 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of offerings before making your decision.
- Contract: Before you sign a contract with a solar installer, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Fairport, NY Solar Cost FAQs
How much does it cost to install solar panels in Fairport?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient 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.
Should I lease or buy solar panels in Fairport?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is it worth going solar in Fairport?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.