Solar Panel Cost Guide in Syracuse, UT (2024 Update)
- Syracuse Solar Installation Cost: $12,120
- 25-Year Savings: $16,304
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Syracuse
Let’s take a look at the average cost of solar in Syracuse.
The national average cost of solar panels is $2.66 per watt, but in Syracuse it’s 3 per watt.Since a 5.3-kW system is needed to cover the energy usage of a typical home in Syracuse, the average price of going solar will be about $12,120 after claiming the federal solar tax credit of 0.
Keep in mind that the figures above are only estimates based on the average Syracuse homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average Syracuse homeowners see about $19,000 in savings on utility bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Syracuse
| Year | Return on Investment |
|---|---|
| 1 years | $-11,124 |
| 3 years | $-9,132 |
| 5 years | $-7,140 |
| 7 years | $-5,147 |
| 9 years | $-3,155 |
| 11 years | $-1,163 |
| 13 years | $829 |
| 15 years | $2,822 |
| 17 years | $4,814 |
| 19 years | $6,806 |
| 21 years | $8,798 |
| 23 years | $10,791 |
| 25 years | $12,783 |
Top Solar Installers in Syracuse
When switching to solar energy, many homeowners decide to use a solar installer since putting up solar panels yourself can be a difficult project. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Syracuse
Factors that Affect Solar Panel Costs in Syracuse
There are many factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Syracuse, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can play a role in determining the cost. Syracuse’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Syracuse are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.42 | $14,371 | $15,473 | 12.0 years |
| 8 kW | $3.36 | $18,792 | $20,999 | 11.8 years |
| 10 kW | $3.29 | $23,030 | $26,709 | 11.6 years |
| 12 kW | $3.22 | $27,083 | $32,603 | 11.3 years |
| 14 kW | $3.16 | $30,952 | $38,682 | 11.1 years |
| 16 kW | $3.09 | $34,637 | $44,945 | 10.9 years |
| 18 kW | $3.03 | $38,138 | $51,392 | 10.6 years |
| 20 kW | $2.96 | $41,454 | $58,024 | 10.4 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: If you’re concerned about the longevity of your solar panel system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer’s reputation is by reading reviews.
- Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Syracuse, UT Solar Cost FAQs
What is the average cost of installing solar panels in Syracuse?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $16,450 for a 5-kW system and $32,900 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Syracuse?
Solar panels aren’t free in Syracuse, 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 further reduce the cost.
Does Syracuse have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.