Solar Panel Cost Guide in Wheatfield, NY (2023 Update)
- Wheatfield Solar Installation Cost: $8,590
- 25-Year Savings: $7,335
- Payback Period: 13.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wheatfield
We break down average solar pricing in Wheatfield.
While the national average of solar panels is $2.66 per watt, solar panels in Wheatfield typically cost around 2.95. Because a 4.2-kW system is needed to cover the energy needs of a typical home in Wheatfield, the average price of going solar will be about $8,590 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Wheatfield homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Even with the significant upfront cost, the average Wheatfield homeowner can save around $15,000 on their electricity bills over 20 years, which is one of the positives of solar.
To get a free quote from a vetted solar installer in Wheatfield, you can click the button below.
Solar savings over time in Wheatfield
| Year | Return on Investment |
|---|---|
| 1 years | $-7,953 |
| 3 years | $-6,679 |
| 5 years | $-5,405 |
| 7 years | $-4,131 |
| 9 years | $-2,857 |
| 11 years | $-1,583 |
| 13 years | $-309 |
| 15 years | $965 |
| 17 years | $2,239 |
| 19 years | $3,513 |
| 21 years | $4,787 |
| 23 years | $6,061 |
| 25 years | $7,335 |
Top Solar Installers in Wheatfield
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Hiring a solar panel installer can make swapping over to solar power much easier. Plus, if you're not certain what kind of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Wheatfield:
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 Wheatfield
Factors that Affect Solar Panel Costs in Wheatfield
Though the average cost of a solar system in Wheatfield is $8,590, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use 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. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Wheatfield average.
Solar Financing Terms
Many homeowners find the average cost of solar in Wheatfield to be too costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. However, the interest on solar loans also increases your all-in costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Wheatfield is the company you hire to install your solar system. As with choosing a company to install new cabinets, for instance, there's no shortage of 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 cost more. It's best to do some research and choose a company that has 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 | $3.07 | $12,886 | $10,087 | 14.0 years |
| 8 kW | $3.01 | $16,850 | $13,780 | 13.8 years |
| 10 kW | $2.95 | $20,650 | $17,637 | 13.5 years |
| 12 kW | $2.89 | $24,284 | $21,660 | 13.2 years |
| 14 kW | $2.83 | $27,754 | $25,849 | 12.9 years |
| 16 kW | $2.77 | $31,058 | $30,202 | 12.7 years |
| 18 kW | $2.71 | $34,196 | $34,721 | 12.4 years |
| 20 kW | $2.66 | $37,170 | $39,405 | 12.1 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: 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.
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 Wheatfield, NY Solar Cost FAQs
What is the average cost of installing solar panels in Wheatfield?
The average cost of solar panels in Wheatfield is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wheatfield is currently $128,928, so you could be looking at a value of about $5,286 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wheatfield is a fruitful investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.