Solar Panel Cost Guide in Wheatfield, NY (2024 Update)
- Wheatfield Solar Installation Cost: $10,627
- 25-Year Savings: $12,087
- Payback Period: 16.7 Years
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Average Cost of Solar Panels in Wheatfield
Find out what the average cost of a solar system is in Wheatfield.
The average cost of solar panels in Wheatfield is 4 per watt.To cover the typical energy needs of the average home in Wheatfield, most homeowners require a 4.2-kilowatt system. Using the figure above, a solar installation costs about $10,627, or $15,197 before the federal solar tax credit of 0 is applied.
The true cost of your system can go above or below the average in Wheatfield depending on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $15,000 over 20 years on utility bills.
Click the button below to get connected to a vetted solar installer in your area for a personalized estimate.
Solar savings over time in Wheatfield
| Year | Return on Investment |
|---|---|
| 1 years | $-9,719 |
| 3 years | $-7,902 |
| 5 years | $-6,085 |
| 7 years | $-4,267 |
| 9 years | $-2,450 |
| 11 years | $-633 |
| 13 years | $1,184 |
| 15 years | $3,001 |
| 17 years | $4,818 |
| 19 years | $6,635 |
| 21 years | $8,453 |
| 23 years | $10,270 |
| 25 years | $12,087 |
Top Solar Installers in Wheatfield
When making the switch to solar, many homeowners prefer to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance over time.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Wheatfield
Factors that Affect Solar Panel Costs in Wheatfield
The cost of installing a solar system in Wheatfield can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The type of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Wheatfield homeowners decide to finance their solar panel systems to make paying for solar more affordable.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 lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider 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 panel 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 at different costs.The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $7,029 | 17.4 years |
| 8 kW | $3.72 | $20,849 | $9,781 | 17.0 years |
| 10 kW | $3.65 | $25,550 | $12,737 | 16.7 years |
| 12 kW | $3.58 | $30,047 | $15,898 | 16.3 years |
| 14 kW | $3.50 | $34,339 | $19,263 | 16.0 years |
| 16 kW | $3.43 | $38,427 | $22,833 | 15.7 years |
| 18 kW | $3.36 | $42,311 | $26,607 | 15.3 years |
| 20 kW | $3.29 | $45,990 | $30,585 | 15.0 years |
How to Save on Solar Panels
There are many companies to choose from in Wheatfield, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Before signing a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Wheatfield, NY Solar Cost FAQs
How much does it cost to install solar panels in Wheatfield?
The average cost of solar panels in Wheatfield is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Wheatfield?
Solar panels aren’t free in Wheatfield, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Wheatfield, 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 check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Wheatfield?
On average, solar panels can last 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 amount 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.