Solar Panel Cost Guide in Blooming Grove, NY (2023 Update)
- Blooming Grove Solar Installation Cost: $8,937
- 25-Year Savings: $16,123
- Payback Period: 8.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Blooming Grove
Let's have a look at the average cost of solar in Blooming Grove.
Although the national average of solar panels is $2.66 per watt, solar panels in Blooming Grove typically cost about 2.95. The average Blooming Grove homeowner needs a 4.3-kilowatt system, which would cost about $8,941 with the federal tax credit, or $12,786 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want to get, your solar contractor and more. Even with the high upfront cost, the average Blooming Grove homeowner can save about $22,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar installer in Blooming Grove for a quote for your home.
Solar savings over time in Blooming Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-7,652 |
| 3 years | $-5,081 |
| 5 years | $-2,510 |
| 7 years | $61 |
| 9 years | $2,632 |
| 11 years | $5,202 |
| 13 years | $7,773 |
| 15 years | $10,344 |
| 17 years | $12,915 |
| 19 years | $15,486 |
| 21 years | $18,056 |
| 23 years | $20,627 |
| 25 years | $23,198 |
Top Solar Installers in Blooming Grove
Many homeowners choose to use a solar installation company since trying to install solar panels by yourself can be a labor-intensive endeavor. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a professional solar company can help your solar project go smoothly. 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 Blooming Grove
Factors that Affect Solar Panel Costs in Blooming Grove
There are several criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Blooming Grove, 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 utility bills over time, but they can also be a big investment. That's why many Blooming Grove homeowners choose to finance their solar panel systems to offset upfront costs. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Blooming Grove is the company you hire to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services for different budgets. The company's size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to 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 | $21,857 | 9.3 years |
| 8 kW | $3.01 | $16,850 | $29,473 | 9.1 years |
| 10 kW | $2.95 | $20,650 | $37,254 | 8.9 years |
| 12 kW | $2.89 | $24,284 | $45,200 | 8.7 years |
| 14 kW | $2.83 | $27,754 | $53,312 | 8.6 years |
| 16 kW | $2.77 | $31,058 | $61,589 | 8.4 years |
| 18 kW | $2.71 | $34,196 | $70,031 | 8.2 years |
| 20 kW | $2.66 | $37,170 | $78,638 | 8.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
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 Blooming Grove, NY Solar Cost FAQs
What is the average cost of installing solar panels in Blooming Grove?
The average cost of solar panels in Blooming Grove 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 stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Blooming Grove?
You can't get solar panels for free in Blooming Grove. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,158.08 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.