Solar Panel Cost Guide in Lyons, NY (2024 Update)
- Lyons Solar Installation Cost: $11,083
- 25-Year Savings: $7,086
- Payback Period: 17.3 Years
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Average Cost of Solar Panels in Lyons
See how much it might cost to go solar in Lyons.
The national average cost of solar panels is $2.66 per watt, but in Lyons it’s 4 per watt.The average Lyons homeowner needs a 4.3-kilowatt system, which would cost about $11,083 with the federal tax credit, or $15,849 before the 0 tax credit is applied.
The true cost of your system can go higher or lower than the average in Lyons depending on several factors, such as the model of solar panels you choose and the solar company you hire.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $14,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Lyons
| Year | Return on Investment |
|---|---|
| 1 years | $-10,257 |
| 3 years | $-8,605 |
| 5 years | $-6,953 |
| 7 years | $-5,301 |
| 9 years | $-3,650 |
| 11 years | $-1,998 |
| 13 years | $-346 |
| 15 years | $1,306 |
| 17 years | $2,958 |
| 19 years | $4,610 |
| 21 years | $6,261 |
| 23 years | $7,913 |
| 25 years | $9,565 |
Top Solar Installers in Lyons
Although it's possible to install solar panels yourself, it takes extra labor and knowledge. For that reason, the majority of homeowners choose to go with a solar panel installer. Some solar installers, especially local ones, can help you better understand incentives in Lyons, thereby optimizing your ROI.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- 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 Lyons
Factors that Affect Solar Panel Costs in Lyons
While the average cost of a solar system in Lyons is $11,083, your actual cost may differ. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,650. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Lyons, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Lyons, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.However, the interest on solar loans also increases your all-in costs, so it’s crucial to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you select will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that provides the products, warranties and services you’re looking for and also is within your budget.
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 | $6,248 | 18.0 years |
| 8 kW | $3.72 | $20,849 | $8,739 | 17.6 years |
| 10 kW | $3.65 | $25,550 | $11,435 | 17.3 years |
| 12 kW | $3.58 | $30,047 | $14,335 | 16.9 years |
| 14 kW | $3.50 | $34,339 | $17,439 | 16.6 years |
| 16 kW | $3.43 | $38,427 | $20,748 | 16.2 years |
| 18 kW | $3.36 | $42,311 | $24,262 | 15.9 years |
| 20 kW | $3.29 | $45,990 | $27,979 | 15.5 years |
How to Save on Solar Panels
The solar panel company you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Warranty: If you’re worried about the endurance of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which company you should choose, since different companies provide different panels.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Lyons, NY Solar Cost FAQs
How much does it cost to install solar panels in Lyons?
The average cost of solar panels in Lyons is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Lyons?
You can’t get solar panels for free in Lyons. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Lyons?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Lyons?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to 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.
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.