Solar Panel Cost Guide in Paris, NY (2023 Update)
- Paris Solar Installation Cost: $9,540
- 25-Year Savings: $5,963
- Payback Period: 15.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Paris
Here's how much it might cost to switch to solar power in Paris.
The national average cost of solar panels is $2.66 per watt, but in Paris it's 2.95 per watt. Using this figure, a typical 4.6-kW system would cost about $9,540 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what company you go with. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Paris see about $13,000 in savings on electricity bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Paris
| Year | Return on Investment |
|---|---|
| 1 years | $-8,920 |
| 3 years | $-7,680 |
| 5 years | $-6,440 |
| 7 years | $-5,199 |
| 9 years | $-3,959 |
| 11 years | $-2,719 |
| 13 years | $-1,478 |
| 15 years | $-238 |
| 17 years | $1,002 |
| 19 years | $2,242 |
| 21 years | $3,483 |
| 23 years | $4,723 |
| 25 years | $5,963 |
Top Solar Installers in Paris
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make switching to solar power much easier. The payback period of solar panels will vary based on factors like your location and energy use, but working with a solar installer can shorten it. Your provider will be able to help you apply for incentives available in your area.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Paris
Factors that Affect Solar Panel Costs in Paris
The cost of installing a solar system in Paris can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need, 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 $2,950. There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Paris have solar loans, which reduce your upfront costs of installing a solar system. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can play a part in determining the cost. Paris' solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $7,250 | 16.0 years |
| 8 kW | $3.01 | $16,850 | $9,997 | 15.7 years |
| 10 kW | $2.95 | $20,650 | $12,909 | 15.4 years |
| 12 kW | $2.89 | $24,284 | $15,986 | 15.1 years |
| 14 kW | $2.83 | $27,754 | $19,229 | 14.8 years |
| 16 kW | $2.77 | $31,058 | $22,637 | 14.5 years |
| 18 kW | $2.71 | $34,196 | $26,210 | 14.2 years |
| 20 kW | $2.66 | $37,170 | $29,948 | 13.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose significantly influences your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you'd like to get plays a part in which installer you should choose, since different companies provide different panels.
- Warranty: If you're concerned about the endurance of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, project timeline incentives 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
Best Technology
Tesla Energy
- 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 Paris, NY Solar Cost FAQs
What is the average cost of installing solar panels in Paris?
The average cost of solar panels in Paris is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Paris?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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 savings from going solar.
Can solar panels eliminate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $671.18 per year.
How often do you have to replace solar panels?
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 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.