Solar Panel Cost Guide in Baldwin, NY (2023 Update)
- Baldwin Solar Installation Cost: $9,833
- 25-Year Savings: $13,334
- Payback Period: 11.6 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Baldwin
We go over average solar pricing in Baldwin.
While the national average of solar panels is $2.66 per watt, solar panels in Baldwin generally cost about 4.Using this figure, a typical 3.8-kW system would cost about $9,833 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with.Despite the large upfront cost, the average Baldwin homeowner can save around $21,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a highly rated solar panel company in Baldwin for a personalized estimate.
Solar savings over time in Baldwin
| Year | Return on Investment |
|---|---|
| 1 years | $-8,930 |
| 3 years | $-7,124 |
| 5 years | $-5,319 |
| 7 years | $-3,513 |
| 9 years | $-1,708 |
| 11 years | $98 |
| 13 years | $1,903 |
| 15 years | $3,709 |
| 17 years | $5,514 |
| 19 years | $7,320 |
| 21 years | $9,125 |
| 23 years | $10,931 |
| 25 years | $12,737 |
Top Solar Installers in Baldwin
When going solar, many homeowners decide to go with a solar installation company since DIY solar panel installation can be a difficult project. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for your family.
There are various licensed solar professionals that can help you install your solar panels. 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 Baldwin
Factors that Affect Solar Panel Costs in Baldwin
There are a number of criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
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 nearly $3,650. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Baldwin average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Baldwin, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you select will play a role in your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor.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 choose a company that has the products, warranties and services you’re looking for 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 | $17,236 | 12.0 years |
| 8 kW | $3.72 | $20,849 | $23,390 | 11.8 years |
| 10 kW | $3.65 | $25,550 | $29,748 | 11.6 years |
| 12 kW | $3.58 | $30,047 | $36,311 | 11.3 years |
| 14 kW | $3.50 | $34,339 | $43,078 | 11.1 years |
| 16 kW | $3.43 | $38,427 | $50,050 | 10.9 years |
| 18 kW | $3.36 | $42,311 | $57,226 | 10.6 years |
| 20 kW | $3.29 | $45,990 | $64,606 | 10.4 years |
How to Save on Solar Panels
There are many companies to choose from in Baldwin, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The brand of solar panel you need to get plays a role in which installer you should choose, since different companies provide different panels.
- Contract: Review the contract terms carefully to make sure you understand the total cost, completion timeline rebates and warranties.
- Installation Process: Make sure you’re aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
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
What is the average cost of installing solar panels in Baldwin?
The average cost of solar panels in Baldwin 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 use.
Are solar panels free in Baldwin?
A solar panel system isn’t free in Baldwin, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Baldwin, 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 check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.