Solar Panel Cost Guide in Beekmantown, NY (2023 Update)
- Beekmantown Solar Installation Cost: $9,602
- 25-Year Savings: $4,844
- Payback Period: 16.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Beekmantown
We go over average solar pricing in Beekmantown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Beekmantown, the average cost of solar panels is 2.95 per watt. To account for the typical energy usage of the average home in Beekmantown, most homeowners require a 4.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,602, or $13,731 before the federal solar tax credit of 30% is applied.
How much you pay can go above or below the average in Beekmantown depending on several factors, such as the model of solar panels you choose and the solar contractor you hire. Even with the large initial cost, the average Beekmantown homeowner can save about $12,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Beekmantown
| Year | Return on Investment |
|---|---|
| 1 years | $-9,024 |
| 3 years | $-7,869 |
| 5 years | $-6,713 |
| 7 years | $-5,557 |
| 9 years | $-4,402 |
| 11 years | $-3,246 |
| 13 years | $-2,090 |
| 15 years | $-935 |
| 17 years | $221 |
| 19 years | $1,377 |
| 21 years | $2,532 |
| 23 years | $3,688 |
| 25 years | $4,844 |
Top Solar Installers in Beekmantown
Although it's possible to install solar panels yourself, it takes extra labor and handiness. Because of that, most homeowners choose to hire a solar panel installer. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Beekmantown
Factors that Affect Solar Panel Costs in Beekmantown
For many Beekmantown homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Beekmantown, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Beekmantown, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past energy bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you're looking to install 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
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Beekmantown homeowners decide to finance their solar panel systems to make going solar more affordable. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, 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 key cost factor you should take into consideration is the installer you choose. Given the growing popularity of sustainable energy solutions in Beekmantown, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater 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 companies.
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 | $5,756 | 17.3 years |
| 8 kW | $3.01 | $16,850 | $8,005 | 16.9 years |
| 10 kW | $2.95 | $20,650 | $10,419 | 16.6 years |
| 12 kW | $2.89 | $24,284 | $12,999 | 16.3 years |
| 14 kW | $2.83 | $27,754 | $15,743 | 16.0 years |
| 16 kW | $2.77 | $31,058 | $18,653 | 15.6 years |
| 18 kW | $2.71 | $34,196 | $21,728 | 15.3 years |
| 20 kW | $2.66 | $37,170 | $24,968 | 15.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project timeline rebates and warranties.
- Solar Panel Brands: The type of solar panel you'd like to install plays a part in which installer you should opt for, since different companies have different panels.
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Beekmantown, NY Solar Cost FAQs
What is the average cost of installing solar panels in Beekmantown?
The average cost of solar panels in Beekmantown is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual 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 use.
Is it better to lease or buy solar panels in Beekmantown?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Beekmantown?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Beekmantown?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.