Solar Panel Cost Guide in Peru, NY (2025 Update)
- Peru Solar Installation Cost: $11,879
- 25-Year Savings: $5,036
- Payback Period: 20.3 Years
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Average Cost of Solar Panels in Peru
Find out what the average cost of a solar system is in Peru.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Peru, the average cost of a solar system is 4 per watt.Since a 4.6-kW system is needed to cover the energy needs of a typical home in Peru, the average price of going solar will be about $11,879 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Peru homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a rewarding investment. The average homeowner in Peru can save about $12,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Peru that can help you get a more accurate cost estimate for your home.
Solar savings over time in Peru
| Year | Return on Investment |
|---|---|
| 1 years | $-11,053 |
| 3 years | $-9,402 |
| 5 years | $-7,750 |
| 7 years | $-6,098 |
| 9 years | $-4,446 |
| 11 years | $-2,794 |
| 13 years | $-1,142 |
| 15 years | $509 |
| 17 years | $2,161 |
| 19 years | $3,813 |
| 21 years | $5,465 |
| 23 years | $7,117 |
| 25 years | $8,769 |
Top Solar Installers in Peru
Although it's possible to install solar panels yourself, it involves extra energy and knowledge. For that reason, most homeowners choose to go with a solar panel installer. Plus, if you aren’t sure what kind of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Peru:
See all of the solar companies in Peru
Factors that Affect Solar Panel Costs in Peru
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that will push your cost above or below the average in Peru: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Peru, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $3,650 for each additional kilowatt you need.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Peru, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible.Though solar loans make adopting solar energy more accessible for Peru homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies in Peru, and each can charge different amounts for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and decide on the company that offers the products, warranties and services you’re looking for and also fit into 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 | $2,945 | 21.1 years |
| 8 kW | $3.72 | $20,849 | $4,336 | 20.7 years |
| 10 kW | $3.65 | $25,550 | $5,931 | 20.3 years |
| 12 kW | $3.58 | $30,047 | $7,730 | 19.9 years |
| 14 kW | $3.50 | $34,339 | $9,734 | 19.5 years |
| 16 kW | $3.43 | $38,427 | $11,942 | 19.1 years |
| 18 kW | $3.36 | $42,311 | $14,355 | 18.7 years |
| 20 kW | $3.29 | $45,990 | $16,972 | 18.3 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project timeline.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
EcoWatch's Peru, NY Solar Cost FAQs
What is the average cost of installing solar panels in Peru?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a beneficial investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Peru?
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 choose 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.