Solar Panel Cost Guide in Amenia, NY (2023 Update)
- Amenia Solar Installation Cost: $8,983
- 25-Year Savings: $9,418
- Payback Period: 12.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Amenia
Let's have a look at the average cost of solar in Amenia.
The national average cost of solar panels is $2.66 per watt, but in Amenia it's 2.95 per watt. Since a 4.3-kW system is needed to cover the energy costs of a typical home in Amenia, the average price of going solar will be about $8,983 after claiming the federal solar tax credit of 30%.
The true price you pay can be above or below the average in Amenia depending on a variety of factors, such as the type of solar panels you choose and the solar company you hire. Despite the high initial cost, the average Amenia homeowner can save about $16,000 on their power bills over 20 years, which is one of the benefits of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Amenia
| Year | Return on Investment |
|---|---|
| 1 years | $-8,247 |
| 3 years | $-6,775 |
| 5 years | $-5,303 |
| 7 years | $-3,831 |
| 9 years | $-2,359 |
| 11 years | $-887 |
| 13 years | $585 |
| 15 years | $2,057 |
| 17 years | $3,529 |
| 19 years | $5,001 |
| 21 years | $6,473 |
| 23 years | $7,945 |
| 25 years | $9,418 |
Top Solar Installers in Amenia
Although you can install solar panels yourself, it involves extra time and expertise. For that reason, most people choose a solar panel installer. The payback period of solar panels will vary depending on factors like your roof configuration and energy usage, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Amenia
Factors that Affect Solar Panel Costs in Amenia
For many Amenia homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Amenia, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,950. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your overall costs, so it's vital to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $12,487 | 12.7 years |
| 8 kW | $3.01 | $16,850 | $16,980 | 12.5 years |
| 10 kW | $2.95 | $20,650 | $21,637 | 12.2 years |
| 12 kW | $2.89 | $24,284 | $26,460 | 12.0 years |
| 14 kW | $2.83 | $27,754 | $31,449 | 11.7 years |
| 16 kW | $2.77 | $31,058 | $36,602 | 11.5 years |
| 18 kW | $2.71 | $34,196 | $41,921 | 11.2 years |
| 20 kW | $2.66 | $37,170 | $47,405 | 11.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Amenia, NY Solar Cost FAQs
How much does it cost to install solar panels in Amenia?
The average cost of solar panels in Amenia is about $14,750 for a 5-kW system and $29,500 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.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Amenia is currently $288,508, which means you can expect a value of about $11,829 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Amenia is a rewarding investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 install 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.