Solar Panel Cost Guide in Farmington, NY (Jan 2023)
- Farmington Solar Installation Cost: $9,520
- 25-Year Savings: $6,805
- Payback Period: 14.6 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated January 20, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Farmington
Find out how much it might cost to go solar in Farmington.
The average cost of a solar system in Farmington is $3 per watt. To account for the typical energy needs of the average home in Farmington, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,520, or $7,045 after the federal solar tax credit of 30% is applied.
These figures are just averages, and how much solar costs for you will most likely vary based on factors unique to your home and what company you choose to go with. But, after you've paid the upfront cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $13,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar panel company in Farmington for a personalized quote.
Solar savings over time in Farmington
| Year | Return on Investment |
|---|---|
| 1 years | $-8,867 |
| 3 years | $-7,561 |
| 5 years | $-6,255 |
| 7 years | $-4,949 |
| 9 years | $-3,643 |
| 11 years | $-2,337 |
| 13 years | $-1,031 |
| 15 years | $275 |
| 17 years | $1,581 |
| 19 years | $2,887 |
| 21 years | $4,193 |
| 23 years | $5,499 |
| 25 years | $6,805 |
Top Solar Installers in Farmington
Although you can install solar panels yourself, it requires extra time and know-how. That's one of the reasons most people choose a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our recommendations for providers near you:
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 Farmington
Factors that Affect Solar Panel Costs in Farmington
For many Farmington homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Farmington, 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
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,950. The type of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than 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 for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are offered by most installers in Farmington, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. 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 major players.
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 | $8,364 | 15.2 years |
| 8 kW | $3.01 | $16,850 | $11,482 | 14.9 years |
| 10 kW | $2.95 | $20,650 | $14,766 | 14.6 years |
| 12 kW | $2.89 | $24,284 | $18,214 | 14.3 years |
| 14 kW | $2.83 | $27,754 | $21,828 | 14.0 years |
| 16 kW | $2.77 | $31,058 | $25,608 | 13.7 years |
| 18 kW | $2.71 | $34,196 | $29,552 | 13.4 years |
| 20 kW | $2.66 | $37,170 | $33,661 | 13.1 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: The brand of solar panel you'd like plays a part in which company you should opt for, since different companies provide different panels.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
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 Farmington, NY Solar Cost FAQs
What is the average cost of installing solar panels in Farmington?
This is a hard question to answer exactly, because the cost depends on a few different 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Farmington?
Solar panels aren't free in Farmington, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $708.31 per year.
How long do solar panels last in Farmington?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.