Solar Panel Cost Guide in Fairport, NY (Mar 2023)
- Fairport Solar Installation Cost: $8,611
- 25-Year Savings: $5,693
- Payback Period: 15.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Fairport
Find out how much it might cost to install solar panels in Fairport.
The average cost of a solar system in Fairport is 2.95 per watt. Using this figure, a typical 4.2-kW system would cost about $8,611 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Fairport homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For many homeowners, the upfront cost of solar power is worth paying. On average Fairport homeowners see about $13,000 in savings on electricity bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Fairport, you can click the button below.
Solar savings over time in Fairport
| Year | Return on Investment |
|---|---|
| 1 years | $-8,039 |
| 3 years | $-6,895 |
| 5 years | $-5,750 |
| 7 years | $-4,606 |
| 9 years | $-3,462 |
| 11 years | $-2,317 |
| 13 years | $-1,173 |
| 15 years | $-29 |
| 17 years | $1,116 |
| 19 years | $2,260 |
| 21 years | $3,404 |
| 23 years | $4,549 |
| 25 years | $5,693 |
Top Solar Installers in Fairport
Putting up solar panels on your own can be a dangerous project, which is why hiring a solar installer is a good option for many homeowners. Also, if you'd like to maximize your investment in solar energy, going with a solar company can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a licensed solar company can make going solar easier. 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 Fairport
Factors that Affect Solar Panel Costs in Fairport
For many Fairport homeowners, the decision to adopt solar energy comes down to 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 a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,950. The solar equipment you choose can bring your price up or down 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. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Fairport average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Fairport homeowners opt to finance their solar panel systems to make going solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Fairport, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $7,699 | 15.6 years |
| 8 kW | $3.01 | $16,850 | $10,596 | 15.3 years |
| 10 kW | $2.95 | $20,650 | $13,657 | 15.0 years |
| 12 kW | $2.89 | $24,284 | $16,885 | 14.7 years |
| 14 kW | $2.83 | $27,754 | $20,277 | 14.4 years |
| 16 kW | $2.77 | $31,058 | $23,834 | 14.1 years |
| 18 kW | $2.71 | $34,196 | $27,557 | 13.8 years |
| 20 kW | $2.66 | $37,170 | $31,445 | 13.5 years |
How to Save on Solar Panels
There are a lot of companies available in Fairport, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
- 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 significant role in the company you choose.
- Contract: Before signing a contract with a solar company, make sure to read it through 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.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
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 Fairport, NY Solar Cost FAQs
How much does it cost to install solar panels in Fairport?
The average cost of solar panels in Fairport 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.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fairport is currently $202,800, which means you could be looking at a value of about $8,315 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Fairport is a rewarding investment.
How often do you have to replace solar panels?
Though 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 the amount of energy they produce will have decreased significantly after that point. You can decide to 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.