Solar Panel Cost Guide in Cazenovia, NY (2024 Update)
- Cazenovia Solar Installation Cost: $11,795
- 25-Year Savings: $6,071
- Payback Period: 18.9 Years
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Average Cost of Solar Panels in Cazenovia
Let’s have a look at the average cost of solar in Cazenovia.
The national average cost of solar panels is $2.66 per watt, but in Cazenovia it’s 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,795 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar panels you want, your solar contractor and more.Despite the high initial cost, the average Cazenovia homeowner can save about $13,000 on their electricity bills over 20 years, which is one of the positives of solar.
To get a free quote from a pre-vetted solar installer in Cazenovia, you can click the button below.
Solar savings over time in Cazenovia
| Year | Return on Investment |
|---|---|
| 1 years | $-10,949 |
| 3 years | $-9,255 |
| 5 years | $-7,562 |
| 7 years | $-5,869 |
| 9 years | $-4,176 |
| 11 years | $-2,483 |
| 13 years | $-790 |
| 15 years | $904 |
| 17 years | $2,597 |
| 19 years | $4,290 |
| 21 years | $5,983 |
| 23 years | $7,676 |
| 25 years | $9,369 |
Top Solar Installers in Cazenovia
Many homeowners opt for a solar panel installer since figuring out how to install solar panels by yourself can be time-consuming. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
If you’d like to go solar but still aren’t sure which solar installer to go with, here are our suggestions for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Cazenovia
Factors that Affect Solar Panel Costs in Cazenovia
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Cazenovia: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Cazenovia, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Cazenovia, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Cazenovia to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect how much it costs. Cazenovia’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across 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 | $3.80 | $15,943 | $4,337 | 19.7 years |
| 8 kW | $3.72 | $20,849 | $6,191 | 19.3 years |
| 10 kW | $3.65 | $25,550 | $8,250 | 18.9 years |
| 12 kW | $3.58 | $30,047 | $10,514 | 18.5 years |
| 14 kW | $3.50 | $34,339 | $12,981 | 18.1 years |
| 16 kW | $3.43 | $38,427 | $15,653 | 17.8 years |
| 18 kW | $3.36 | $42,311 | $18,530 | 17.4 years |
| 20 kW | $3.29 | $45,990 | $21,611 | 17.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies carry various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Contract: Before signing a contract with a solar company, make sure to look it over completely 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 part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Cazenovia, NY Solar Cost FAQs
How much does it cost to install solar panels in Cazenovia?
The average cost of solar panels in Cazenovia 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 things such as the model of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is switching to solar power worth it?
Solar panels can be a fruitful investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
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 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.