Solar Panel Cost Guide in Beekman, NY (Mar 2023)
- Beekman Solar Installation Cost: $8,983
- 25-Year Savings: $9,418
- Payback Period: 12.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Beekman
Let's have a look at the average cost of solar panels in Beekman.
In Beekman, solar panels cost about 2.95 per watt on average. To cover the typical energy needs of the average home in Beekman, most homeowners require a 4.3-kilowatt system. Using the figure above, a solar installation costs about $8,983, or $12,846 before the federal solar tax credit of 30% 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 going solar can vary based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with. Many homeowners find going solar is a solid investment. The average homeowner in Beekman can save around $16,000 on their power bills over 20 years.
To receive a free estimate from a top solar installer in Beekman, you can click the button below.
Solar savings over time in Beekman
| Year | Return on Investment |
|---|---|
| 1 years | $-8,247 |
| 3 years | $-6,775 |
| 5 years | $-5,303 |
| 7 years | $-3,831 |
| 9 years | $-2,359 |
| 11 years | $-887 |
| 13 years | $585 |
| 15 years | $2,057 |
| 17 years | $3,529 |
| 19 years | $5,001 |
| 21 years | $6,473 |
| 23 years | $7,945 |
| 25 years | $9,418 |
Top Solar Installers in Beekman
Installing solar panels on your own can be a stressful task, which is why getting a solar installation company is a good option for many homeowners. Plus, if you're not certain what brand of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
If you'd like to go solar but still aren't sure which solar system company to go with, here are our suggestions for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Beekman
Factors that Affect Solar Panel Costs in Beekman
Though the average cost of a solar system in Beekman is $8,983, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,950. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Beekman to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies in Beekman, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more 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 down 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 | $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
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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.
Can you get solar panels for free in Beekman?
Solar panels aren't free in Beekman, 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 can further reduce the cost.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $845.75 per year.
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.