Solar Panel Cost Guide in Blooming Grove, NY (Mar 2023)
- Blooming Grove Solar Installation Cost: $8,941
- 25-Year Savings: $16,118
- Payback Period: 8.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Blooming Grove
See how much it might cost to make the switch to solar in Blooming Grove.
The average cost of a solar panel system in Blooming Grove is 2.95 per watt. 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 may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more. Even with the high initial cost, the average Blooming Grove homeowner can save about $22,000 on their power bills over 20 years, which is one of the benefits of solar.
To receive a free estimate from a pre-vetted solar installation company in Blooming Grove, you can click the button below.
Solar savings over time in Blooming Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-7,939 |
| 3 years | $-5,934 |
| 5 years | $-3,929 |
| 7 years | $-1,925 |
| 9 years | $80 |
| 11 years | $2,085 |
| 13 years | $4,090 |
| 15 years | $6,094 |
| 17 years | $8,099 |
| 19 years | $10,104 |
| 21 years | $12,109 |
| 23 years | $14,114 |
| 25 years | $16,118 |
Top Solar Installers in Blooming Grove
When switching to solar energy, many homeowners choose to go with a solar installation company since installing a solar system yourself can be a difficult project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you're looking for a solar company in Blooming Grove, we've put together 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
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 Blooming Grove
Factors that Affect Solar Panel Costs in Blooming Grove
The cost of installing a solar system in Blooming Grove can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in Blooming Grove. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof 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. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are an affordable option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 a large number of companies available in Blooming Grove, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project timeline.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make 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 kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects 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 Blooming Grove, NY Solar Cost FAQs
What is the average cost of installing solar panels in Blooming Grove?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
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.
Does Blooming Grove have a net metering program?
Most states offer 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.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.