Solar Panel Cost Guide in Baldwin, NY (2023 Update)
- Baldwin Solar Installation Cost: $7,950
- 25-Year Savings: $13,331
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Baldwin
See how much it might cost to go solar in Baldwin.
The national average cost of solar panels is $2.66 per watt, but in Baldwin it's 2.95 per watt. Using this figure, a typical 3.9-kW system would cost about $7,950 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Baldwin homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Baldwin see about $21,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Baldwin
| Year | Return on Investment |
|---|---|
| 1 years | $-7,099 |
| 3 years | $-5,397 |
| 5 years | $-3,694 |
| 7 years | $-1,992 |
| 9 years | $-289 |
| 11 years | $1,413 |
| 13 years | $3,116 |
| 15 years | $4,818 |
| 17 years | $6,521 |
| 19 years | $8,223 |
| 21 years | $9,926 |
| 23 years | $11,628 |
| 25 years | $13,331 |
Top Solar Installers in Baldwin
When making the switch to solar, many homeowners opt to use a solar company since putting up a solar system yourself can be a time-consuming project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Baldwin:
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 Baldwin
Factors that Affect Solar Panel Costs in Baldwin
There are many criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you get for your solar system can increase or decrease 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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Baldwin, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a part in determining your pricing. Baldwin's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have 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 names.
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 | $20,293 | 9.7 years |
| 8 kW | $3.01 | $16,850 | $27,388 | 9.5 years |
| 10 kW | $2.95 | $20,650 | $34,648 | 9.3 years |
| 12 kW | $2.89 | $24,284 | $42,073 | 9.1 years |
| 14 kW | $2.83 | $27,754 | $49,664 | 9.0 years |
| 16 kW | $2.77 | $31,058 | $57,420 | 8.8 years |
| 18 kW | $2.71 | $34,196 | $65,340 | 8.6 years |
| 20 kW | $2.66 | $37,170 | $73,426 | 8.4 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 tough decision, we have some tips to help you, such as:
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
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 Baldwin, NY Solar Cost FAQs
How much does it cost to install solar panels in Baldwin?
The average cost of solar panels in Baldwin is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Baldwin?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback 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 maximize your savings.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels should I get to power 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 generally 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.