Solar Panel Cost Guide in Syracuse, UT (Feb 2023)
- Syracuse Solar Installation Cost: $9,868
- 25-Year Savings: $16,309
- Payback Period: 9.4 Years
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Top Solar Installers in Syracuse
Although it's possible to install solar panels on your own, it involves extra time and knowledge. For that reason, almost all homeowners choose to hire a solar panel installer. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by reducing potential costs down the line.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Syracuse
Factors that Affect Solar Panel Costs in Syracuse
Cost is usually 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 Syracuse: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
When it comes to estimating the cost of solar panels in Syracuse, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,680 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. In many cases, 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 just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Syracuse homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact how much you pay. Syracuse's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of 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||$2.79||$11,706||$18,137||9.8 years|
|8 kW||$2.73||$15,308||$24,483||9.6 years|
|10 kW||$2.68||$18,760||$30,979||9.4 years|
|12 kW||$2.63||$22,062||$37,625||9.2 years|
|14 kW||$2.57||$25,213||$44,421||9.1 years|
|16 kW||$2.52||$28,215||$51,367||8.9 years|
|18 kW||$2.47||$31,067||$58,463||8.7 years|
|20 kW||$2.41||$33,768||$65,710||8.5 years|
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
EcoWatch's Syracuse, UT Solar Cost FAQs
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.