Solar Panel Cost Guide in Bay Shore, NY (Jan 2023)
- Bay Shore Solar Installation Cost: $8,033
- 25-Year Savings: $14,338
- Payback Period: 9.0 Years
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Top Solar Installers in Bay Shore
Installing solar panels yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Another upside of going with a solar installer is that they can help you make the most of your investment by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
See all of the solar companies in Bay Shore
Factors that Affect Solar Panel Costs in Bay Shore
The cost of installing a solar system in Bay Shore can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Bay Shore average.
Solar Financing Terms
Many homeowners find the average cost of solar in Bay Shore to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. It's wise to factor 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 off the loan.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect the cost. Bay Shore's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, 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||$21,650||9.3 years|
|8 kW||$3.01||$16,850||$29,197||9.1 years|
|10 kW||$2.95||$20,650||$36,909||9.0 years|
|12 kW||$2.89||$24,284||$44,786||8.8 years|
|14 kW||$2.83||$27,754||$52,829||8.6 years|
|16 kW||$2.77||$31,058||$61,037||8.4 years|
|18 kW||$2.71||$34,196||$69,410||8.3 years|
|20 kW||$2.66||$37,170||$77,948||8.1 years|
How to Save on Solar Panels
There are many companies available in Bay Shore, 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:
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
EcoWatch's Bay Shore, NY Solar Cost FAQs
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.