Solar Panel Cost Guide in Fredonia, NY (2024 Update)
- Fredonia Solar Installation Cost: $11,849
- 25-Year Savings: $6,630
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Fredonia
Let’s take a look at the average cost of solar in Fredonia.
The national average cost of solar panels is $2.66 per watt, but in Fredonia it’s 4 per watt.To account for the typical energy needs of the average home in Fredonia, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,849, or $16,944 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of equipment you want, your solar contractor and more.For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Fredonia see about $13,000 in savings on electricity bills over 20 years.
To receive a free estimate from a vetted solar installation company in Fredonia, you can click the button below.
Solar savings over time in Fredonia
| Year | Return on Investment |
|---|---|
| 1 years | $-10,940 |
| 3 years | $-9,123 |
| 5 years | $-7,306 |
| 7 years | $-5,489 |
| 9 years | $-3,672 |
| 11 years | $-1,855 |
| 13 years | $-38 |
| 15 years | $1,780 |
| 17 years | $3,597 |
| 19 years | $5,414 |
| 21 years | $7,231 |
| 23 years | $9,048 |
| 25 years | $10,865 |
Top Solar Installers in Fredonia
When making the switch to solar, many homeowners choose to go with a solar installer since overseeing your solar installation yourself can be a challenging project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Fredonia
Factors that Affect Solar Panel Costs in Fredonia
For many Fredonia homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Fredonia, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
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. Because of that, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Fredonia offer solar loans, which reduce your upfront costs of installing solar.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can influence how much you pay. Fredonia’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also is within your budget.
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 | $5,025 | 19.0 years |
| 8 kW | $3.72 | $20,849 | $7,109 | 18.6 years |
| 10 kW | $3.65 | $25,550 | $9,397 | 18.3 years |
| 12 kW | $3.58 | $30,047 | $11,889 | 17.9 years |
| 14 kW | $3.50 | $34,339 | $14,586 | 17.5 years |
| 16 kW | $3.43 | $38,427 | $17,488 | 17.2 years |
| 18 kW | $3.36 | $42,311 | $20,594 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $23,904 | 16.4 years |
How to Save on Solar Panels
There are many companies available in Fredonia, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
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 Fredonia, NY Solar Cost FAQs
What is the average cost of installing solar panels in Fredonia?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Fredonia?
Leasing solar panels can be an attractive choice, because 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels significantly reduce my energy bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Fredonia, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.