Solar Panel Cost Guide in Farmington, NY (2023 Update)

  • Farmington Solar Installation Cost: $9,520
  • 25-Year Savings: $6,805
  • Payback Period: 14.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

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 2.95 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 $13,614 before 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 National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 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 National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Farmington, NY Solar Cost FAQs

How much does it cost to install solar panels in Farmington?

The average cost of solar panels in Farmington is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.

Is cost the most important thing to consider when buying solar panels?

Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.

How will having solar panels impact my property value?

Solar panels can increase your home value significantly as long as you buy or finance your panels and don't go 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 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.

Follow us