Solar Panel Cost Guide in Wayland, NY (Jan 2023)
- Wayland Solar Installation Cost: $9,520
- 25-Year Savings: $6,324
- Payback Period: 15.0 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Wayland
Find out how much it might cost to make the switch to solar in Wayland.
While the national average of solar panels is $2.66 per watt, solar panels in Wayland typically cost about $3. Since a 4.6-kW system is needed to cover the energy needs of a typical home in Wayland, the average price of going solar will be about $9,520 before claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what company you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Wayland can save around $13,000 on their energy bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a customized quote.
Solar savings over time in Wayland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,886 |
| 3 years | $-7,618 |
| 5 years | $-6,351 |
| 7 years | $-5,083 |
| 9 years | $-3,816 |
| 11 years | $-2,548 |
| 13 years | $-1,281 |
| 15 years | $-13 |
| 17 years | $1,254 |
| 19 years | $2,522 |
| 21 years | $3,789 |
| 23 years | $5,057 |
| 25 years | $6,324 |
Top Solar Installers in Wayland
Many homeowners decide to use a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for you.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Wayland
Factors that Affect Solar Panel Costs in Wayland
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in Wayland: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in Wayland. There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Wayland is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services for different budgets. You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $7,728 | 15.6 years |
| 8 kW | $3.01 | $16,850 | $10,635 | 15.3 years |
| 10 kW | $2.95 | $20,650 | $13,706 | 15.0 years |
| 12 kW | $2.89 | $24,284 | $16,943 | 14.7 years |
| 14 kW | $2.83 | $27,754 | $20,345 | 14.4 years |
| 16 kW | $2.77 | $31,058 | $23,912 | 14.1 years |
| 18 kW | $2.71 | $34,196 | $27,645 | 13.8 years |
| 20 kW | $2.66 | $37,170 | $31,542 | 13.5 years |
How to Save on Solar Panels
There are a large number of companies available in Wayland, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The brand of solar panel you need plays a part in which company you should go with, since different companies offer different panels.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable 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 previous customers.
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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 Wayland, NY Solar Cost FAQs
What is the average cost of installing solar panels in Wayland?
The average cost of solar panels in Wayland 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 stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places 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.
Can solar panels completely eradicate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Wayland, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Wayland?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose 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.