Solar Panel Cost Guide in De Witt, NY (2024 Update)
- De Witt Solar Installation Cost: $11,835
- 25-Year Savings: $6,642
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in De Witt
Find out what the average cost of solar panels are in De Witt.
In De Witt, solar panels cost about 4 per watt on average.The average solar panel system size in De Witt is around 4.6 kilowatts, meaning a cost of about $11,835 for a solar installation, or $16,924 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you may look different based on your energy needs and what company you go with.Even with the large initial cost, the average De Witt homeowner can save around $13,000 on their electricity bills over 20 years, which is one of the positives of solar.
To receive a free estimate from a pre-vetted solar company in De Witt, you can click the button below.
Solar savings over time in De Witt
| Year | Return on Investment |
|---|---|
| 1 years | $-10,926 |
| 3 years | $-9,109 |
| 5 years | $-7,292 |
| 7 years | $-5,475 |
| 9 years | $-3,658 |
| 11 years | $-1,840 |
| 13 years | $-23 |
| 15 years | $1,794 |
| 17 years | $3,611 |
| 19 years | $5,428 |
| 21 years | $7,245 |
| 23 years | $9,063 |
| 25 years | $10,880 |
Top Solar Installers in De Witt
Many homeowners opt for a solar installer since installing solar panels yourself can be hard. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're searching for a solar company in De Witt, we've organized a list of our top suggestions here:
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 De Witt
Factors that Affect Solar Panel Costs in De Witt
There are several criteria that can influence your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The solar equipment you choose can bring your price up or down 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, more efficient panels could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bring your total well above the De Witt average.
Solar Financing Terms
Many homeowners find the average cost of solar in De Witt to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time due to interest.It’s wise to factor 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 get to install your solar panel system can influence how much it costs. De Witt’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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 | $5,050 | 19.0 years |
| 8 kW | $3.72 | $20,849 | $7,143 | 18.6 years |
| 10 kW | $3.65 | $25,550 | $9,439 | 18.3 years |
| 12 kW | $3.58 | $30,047 | $11,940 | 17.9 years |
| 14 kW | $3.50 | $34,339 | $14,646 | 17.5 years |
| 16 kW | $3.43 | $38,427 | $17,555 | 17.2 years |
| 18 kW | $3.36 | $42,311 | $20,670 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $23,988 | 16.4 years |
How to Save on Solar Panels
There are a large number of companies to choose from in De Witt, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: The model of solar panel you want to install plays a part in which company you should go with, since different companies provide different panels.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project timeline rebates and warranties.
- Warranty: If you care about the durability of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 De Witt, NY Solar Cost FAQs
How much does it cost to install solar panels in De Witt?
The average cost of solar panels in De Witt 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 like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.