Solar Panel Cost Guide in Fenton, NY (2024 Update)
- Fenton Solar Installation Cost: $11,857
- 25-Year Savings: $5,217
- Payback Period: 20.0 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Fenton
Find out what the average cost of solar panels are in Fenton.
While the national average of solar panels is $2.66 per watt, solar panels in Fenton generally cost around 4.To cover the typical energy needs of the average home in Fenton, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs about $11,857, or $16,956 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy consumption, the type of equipment you choose, your solar contractor and more.Despite the large initial cost, the average Fenton homeowner can save around $12,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a highly rated solar panel company in your area for a custom quote.
Solar savings over time in Fenton
Year | Return on Investment |
---|---|
1 years | $-11,031 |
3 years | $-9,380 |
5 years | $-7,728 |
7 years | $-6,076 |
9 years | $-4,424 |
11 years | $-2,772 |
13 years | $-1,120 |
15 years | $531 |
17 years | $2,183 |
19 years | $3,835 |
21 years | $5,487 |
23 years | $7,139 |
25 years | $8,791 |
Top Solar Installers in Fenton
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make your switch to solar power much easier. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy use, but working with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Fenton
Factors that Affect Solar Panel Costs in Fenton
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Fenton: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Fenton.The type of solar panels and equipment you get is another factor that will significantly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Fenton provide solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also adds to your total costs, so it’s important to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence how much it costs. Fenton’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 because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $3,191 | 20.8 years |
8 kW | $3.72 | $20,849 | $4,664 | 20.4 years |
10 kW | $3.65 | $25,550 | $6,341 | 20.0 years |
12 kW | $3.58 | $30,047 | $8,222 | 19.6 years |
14 kW | $3.50 | $34,339 | $10,308 | 19.2 years |
16 kW | $3.43 | $38,427 | $12,598 | 18.8 years |
18 kW | $3.36 | $42,311 | $15,092 | 18.4 years |
20 kW | $3.29 | $45,990 | $17,791 | 18.0 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
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 Fenton, NY Solar Cost FAQs
What is the average cost of installing solar panels in Fenton?
The average cost of solar panels in Fenton 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Fenton?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Fenton, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.