Solar Panel Cost Guide in Lysander, NY (2023 Update)
- Lysander Solar Installation Cost: $9,565
- 25-Year Savings: $6,548
- Payback Period: 14.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lysander
Let's take a look at the average cost of solar in Lysander.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lysander, the typical cost of a solar system is 2.95 per watt. Using this figure, a typical 4.6-kW system would cost about $9,561 before the 30% federal solar tax credit is applied.
The true price you pay can go above or below the average in Lysander based on a few 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 ROI for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on energy bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lysander
| Year | Return on Investment |
|---|---|
| 1 years | $-9,511 |
| 3 years | $-9,404 |
| 5 years | $-9,296 |
| 7 years | $-9,189 |
| 9 years | $-9,082 |
| 11 years | $-8,974 |
| 13 years | $-8,867 |
| 15 years | $-8,759 |
| 17 years | $-8,652 |
| 19 years | $-8,545 |
| 21 years | $-8,437 |
| 23 years | $-8,330 |
| 25 years | $-8,222 |
Top Solar Installers in Lysander
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Taking advantage of a solar company can make swapping over to solar power much easier. Local solar companies can also help you optimize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you're on the hunt for a solar installer in Lysander, we've put together a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Lysander
Factors that Affect Solar Panel Costs in Lysander
There are a number of criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Lysander, where sunlight isn't as abundant, efficiency can quickly pay off. Also, 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
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Lysander homeowners choose to finance their solar panel systems to make paying for solar more affordable. Even though solar loans make going solar more accessible for Lysander homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Lysander is the company you get to install your solar system. As with choosing a company to renovate your kitchen, for example, you'll have many options for solar installers that provide a range of services for different budgets. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you want and also fits 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 | $3.07 | $12,886 | $7,987 | 15.4 years |
| 8 kW | $3.01 | $16,850 | $10,979 | 15.1 years |
| 10 kW | $2.95 | $20,650 | $14,137 | 14.8 years |
| 12 kW | $2.89 | $24,284 | $17,460 | 14.5 years |
| 14 kW | $2.83 | $27,754 | $20,948 | 14.2 years |
| 16 kW | $2.77 | $31,058 | $24,601 | 13.9 years |
| 18 kW | $2.71 | $34,196 | $28,420 | 13.7 years |
| 20 kW | $2.66 | $37,170 | $32,404 | 13.4 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall 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 take into account, such as:
- Solar Panel Brands: The brand of solar panel you want to install plays a role in which company you should go with, since different companies have access to different panels.
- Warranty: If you're concerned about the longevity of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Long-standing companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Lysander, NY Solar Cost FAQs
What is the average cost of installing solar panels in Lysander?
This is a tough 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 higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Lysander?
Solar panels aren't free in Lysander, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels completely eradicate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Lysander, that will require at least a 10-kW system. Not all homes 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 long do solar panels last in Lysander?
Even though 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 how much energy they produce will have decreased significantly after that point. You can decide to replace them after having 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.