Solar Panel Cost Guide in Beekman, NY (2023 Update)
- Beekman Solar Installation Cost: $8,985
- 25-Year Savings: $9,415
- Payback Period: 12.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Beekman
We break down average solar pricing in Beekman.
The average cost of solar panels in Beekman is 2.95 per watt. The average solar panel system size in Beekman is around 4.3 kilowatts, meaning a cost of about $8,983 for a solar installation, or $12,846 before the 30% federal solar tax credit is applied.
How much you pay can be above or below the average in Beekman depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $16,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Beekman
| Year | Return on Investment |
|---|---|
| 1 years | $-8,924 |
| 3 years | $-8,801 |
| 5 years | $-8,679 |
| 7 years | $-8,556 |
| 9 years | $-8,433 |
| 11 years | $-8,311 |
| 13 years | $-8,188 |
| 15 years | $-8,065 |
| 17 years | $-7,943 |
| 19 years | $-7,820 |
| 21 years | $-7,697 |
| 23 years | $-7,575 |
| 25 years | $-7,452 |
Top Solar Installers in Beekman
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring an installer can make your switch to solar power much easier. A solar company can also help save you money over time by offering warranties, repairs and component replacements.
If you're searching for a solar installer in Beekman, the EcoWatch team has compiled a list of our top suggestions here:
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 Beekman
Factors that Affect Solar Panel Costs in Beekman
For many Beekman homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Beekman, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Beekman. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Beekman, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Beekman homeowners decide to finance their solar panel systems to make going solar more affordable. 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
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Beekman, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Beekman are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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
Since the type of solar panels and the company you choose considerably influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Review the contract terms carefully to make sure you understand the overall cost, completion timeline incentives and warranties.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Installation Process: When making the switch to solar energy, it's important to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
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 Beekman, NY Solar Cost FAQs
What is the average cost of installing solar panels in Beekman?
The average cost of solar panels in Beekman 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to think about when buying solar panels?
Cost is without a doubt 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 my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Beekman is currently $336,499, which means you could be looking at a value of about $13,796 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Beekman is a fruitful investment.
How long do solar panels last in Beekman?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.