Solar Panel Cost Guide in Lafayette, NY (Nov 2022)

  • Lafayette Solar Installation Cost: $9,561
  • 25-Year Savings: $6,294
  • Payback Period: 15.1 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Lafayette

We break down average solar pricing in Lafayette.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Lafayette, the typical cost of a solar system is $3 per watt. The average Lafayette homeowner needs a 4.6-kilowatt system, which would cost about $9,561, or $7,075 after the federal solar tax credit of 30% is applied.

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

To get a free estimate from a highly rated solar installation company in Lafayette, you can click the button below.

Solar savings over time in Lafayette

Year Return on Investment
1 years $-8,927
3 years $-7,658
5 years $-6,390
7 years $-5,121
9 years $-3,853
11 years $-2,585
13 years $-1,316
15 years $-48
17 years $1,221
19 years $2,489
21 years $3,757
23 years $5,026
25 years $6,294

Top Solar Installers in Lafayette

Installing solar panels yourself can be a dangerous task, which is why using a solar installation company is a good option for many homeowners. Plus, if you'd like to maximize your investment in solar power, going with a solar company can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives.

You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some 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 Technology

Tesla Energy

★★★★★
4.5

  • 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 Lafayette

Factors that Affect Solar Panel Costs in Lafayette

While the average cost of solar panels in Lafayette is $9,561, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.

Solar Equipment

System size is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Lafayette, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Lafayette is the company you get to install your PV system. As with choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services at different price points. The size of the company can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.

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 $7,652 15.7 years
8 kW $3.01 $16,850 $10,533 15.4 years
10 kW $2.95 $20,650 $13,580 15.1 years
12 kW $2.89 $24,284 $16,791 14.8 years
14 kW $2.83 $27,754 $20,168 14.5 years
16 kW $2.77 $31,058 $23,710 14.2 years
18 kW $2.71 $34,196 $27,417 13.9 years
20 kW $2.66 $37,170 $31,290 13.6 years

How to Save on Solar Panels

Since the brand of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
  • Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
  • Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on part replacement and repairs.
  • Contract: Before signing a contract with a solar company, make sure you look it over completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.

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 Technology

Tesla Energy

★★★★★
4.5

  • 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 Lafayette, NY Solar Cost FAQs

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

This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Can you get solar panels for free in Lafayette?

You can't get solar panels for free in Lafayette. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.

Does Lafayette have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.

How long do solar panels last in Lafayette?

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 how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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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