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.
In Cazenovia, solar panels cost about 4 per watt on average.To cover the typical energy usage of the average home in Cazenovia, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs about $11,795, or $16,867 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you go with.For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $13,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar company in your area for a custom quote.
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
Putting up solar panels yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. 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.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Cazenovia
Factors that Affect Solar Panel Costs in Cazenovia
While the average cost of a solar system in Cazenovia is $11,795, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar panel 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 chiefly based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to think 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 looking into a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Cazenovia homeowners choose to finance their solar panel systems to make paying for solar more affordable.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the growing popularity of sustainable energy solutions in Cazenovia, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also fit into 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 | $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
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. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Contract: It’s important to read through 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.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Cazenovia, NY Solar Cost FAQs
What is the average cost of installing 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 stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
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 should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.