Solar Panel Cost Guide in Fayette, NY (2025 Update)
- Fayette Solar Installation Cost: $11,850
- 25-Year Savings: $5,223
- Payback Period: 20.0 Years
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Average Cost of Solar Panels in Fayette
Find out what the average cost of a solar system is in Fayette.
In Fayette, solar panels cost about 4 per watt on average.Since a 4.6-kW system is needed to cover the energy consumption of a typical home in Fayette, the average price of going solar will be about $11,850 after claiming the federal solar tax credit of 0.
How much you pay can go higher or lower than the average in Fayette based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire.For most homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $12,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Fayette
| Year | Return on Investment |
|---|---|
| 1 years | $-11,024 |
| 3 years | $-9,372 |
| 5 years | $-7,720 |
| 7 years | $-6,068 |
| 9 years | $-4,417 |
| 11 years | $-2,765 |
| 13 years | $-1,113 |
| 15 years | $539 |
| 17 years | $2,191 |
| 19 years | $3,843 |
| 21 years | $5,495 |
| 23 years | $7,146 |
| 25 years | $8,798 |
Top Solar Installers in Fayette
Putting up solar panels yourself can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Fayette:
See all of the solar companies in Fayette
Factors that Affect Solar Panel Costs in Fayette
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost in Fayette: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of solar panels in Fayette, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
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 Fayette homeowners decide to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Fayette, and each can charge different amounts for labor and equipment.Additionally, some companies in Fayette know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $3,203 | 20.8 years |
| 8 kW | $3.72 | $20,849 | $4,680 | 20.4 years |
| 10 kW | $3.65 | $25,550 | $6,361 | 20.0 years |
| 12 kW | $3.58 | $30,047 | $8,246 | 19.6 years |
| 14 kW | $3.50 | $34,339 | $10,336 | 19.2 years |
| 16 kW | $3.43 | $38,427 | $12,630 | 18.8 years |
| 18 kW | $3.36 | $42,311 | $15,129 | 18.4 years |
| 20 kW | $3.29 | $45,990 | $17,832 | 18.0 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Solar Panel Brands: The kind of solar panel you’d like to get plays a role in which company you should opt for, since different companies offer different panels.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
EcoWatch's Fayette, NY Solar Cost FAQs
How much does it cost to install solar panels in Fayette?
This is a hard 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Fayette?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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.
How much can I save on energy bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Fayette, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although 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 their energy production will have decreased significantly after that point. You can replace them once you've had 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.