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

  • Frankfort Solar Installation Cost: $9,645
  • 25-Year Savings: $5,959
  • Payback Period: 15.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated September 15, 2023

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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 Frankfort

See how much it might cost to switch to solar power in Frankfort.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Frankfort, the average cost of a solar system is 2.95 per watt. Using this figure, a typical 4.7-kW system would cost about $9,644 before the 30% federal solar tax credit is applied.

Keep in mind that the figures above are only estimates based on the average energy use of Frankfort homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find going solar is a fruitful investment. The average homeowner in Frankfort can save about $13,000 on their energy bills over 20 years.

To calculate your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Frankfort

Year Return on Investment
1 years $-8,798
3 years $-7,105
5 years $-5,412
7 years $-3,719
9 years $-2,026
11 years $-333
13 years $1,361
15 years $3,054
17 years $4,747
19 years $6,440
21 years $8,133
23 years $9,826
25 years $11,520

Top Solar Installers in Frankfort

Many homeowners opt for a solar panel company since installing solar panels yourself can be a labor-intensive endeavor. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy needs, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.

You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:

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 Frankfort

Factors that Affect Solar Panel Costs in Frankfort

For many Frankfort homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Frankfort, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar system in Frankfort, one of the most crucial 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 determine by looking at past electricity bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Frankfort, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for solar panels in cash is difficult, solar loans are an affordable option because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

The last major cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Frankfort, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Frankfort have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 $3.07 $12,886 $7,159 16.1 years
8 kW $3.01 $16,850 $9,876 15.8 years
10 kW $2.95 $20,650 $12,758 15.5 years
12 kW $2.89 $24,284 $15,805 15.1 years
14 kW $2.83 $27,754 $19,018 14.8 years
16 kW $2.77 $31,058 $22,395 14.5 years
18 kW $2.71 $34,196 $25,938 14.2 years
20 kW $2.66 $37,170 $29,646 13.9 years

How to Save on Solar Panels

The solar company you choose will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:

  • Solar Panel Brands: Different companies will have various brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
  • 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 most likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
  • Contract: Review the contract terms closely to make sure you understand the overall cost, project completion timeline rebates and warranties.
  • Warranty: A comprehensive, long-term warranty can help keep your solar panels running for a long time and save you money on part replacement and repairs.

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 Frankfort, NY Solar Cost FAQs

What is the average cost of installing solar panels in Frankfort?

The average cost of solar panels in Frankfort 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Frankfort?

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 bang for your buck from going solar.

Can solar panels significantly reduce my power bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Frankfort, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

Even 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 their energy production will have decreased significantly after that point. You can opt 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.

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