Solar Panel Cost Guide in Beacon, NY (Feb 2023)
- Beacon Solar Installation Cost: $8,983
- 25-Year Savings: $13,018
- Payback Period: 10.2 Years
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Top Solar Installers in Beacon
Although you can install solar panels on your own, it involves extra labor and expertise. Because of that, most homeowners choose to go with a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar company in Beacon, we've put together a list of our top suggestions here:
See all of the solar companies in Beacon
Factors that Affect Solar Panel Costs in Beacon
There are a number of criteria that can determine your solar panel 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.
When it comes to estimating the price of solar panels in Beacon, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar companies in Beacon provide solar loans, which reduce your upfront costs of installing solar panels. Though solar loans make switching to solar energy more accessible for Beacon homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Beacon is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that provide a range of services at different price points. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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||$17,451||10.6 years|
|8 kW||$3.01||$16,850||$23,599||10.4 years|
|10 kW||$2.95||$20,650||$29,912||10.2 years|
|12 kW||$2.89||$24,284||$36,389||10.0 years|
|14 kW||$2.83||$27,754||$43,033||9.8 years|
|16 kW||$2.77||$31,058||$49,841||9.6 years|
|18 kW||$2.71||$34,196||$56,814||9.4 years|
|20 kW||$2.66||$37,170||$63,953||9.2 years|
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- 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 past customers and solar experts like the EcoWatch team.
EcoWatch's Beacon, 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.