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Top Solar Installers in Carmel
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Going with an installer can make switching to solar much easier. The expertise that solar companies offer can be helpful as well, particularly if you aren't sure what type of solar equipment you need.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Carmel
Factors that Affect Solar Panel Costs in Carmel
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Carmel: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment Size
When it comes to estimating the cost of a solar system in Carmel, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out 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 pick also changes the cost. In general, the brands that offer higher efficiency 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 much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Carmel homeowners choose to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you select will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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||$13,622||$10,258||14.3 years|
|8 kW||$3.01||$17,813||$14,027||14.0 years|
|10 kW||$2.95||$21,830||$17,970||13.7 years|
|12 kW||$2.89||$25,672||$22,088||13.4 years|
|14 kW||$2.83||$29,340||$26,381||13.2 years|
|16 kW||$2.77||$32,832||$30,848||12.9 years|
|18 kW||$2.71||$36,150||$35,490||12.6 years|
|20 kW||$2.66||$39,294||$40,306||12.3 years|
Solar Incentives in Carmel
|Name||Residential Solar Tax Credit|
|Incentive Amount||25% for solar-electric (PV) and solar-thermal systems; for third-party owned systems this is in reference to the aggregate amount owed under the contract rather than the amount owed in any single year|
|Incentive Max||$5,000 for solar-energy systems|
|More Info||Click here|
|Name||NY-Sun PV Incentive Program (Residential, Low-Income, and Small Business)|
|Incentive Amount|| Incentive rates step down over time as MW goals are met. Incentive rates as of 11/27/2019 are: |
Long Island Region: $0.00/W (MW blocks have been fully subscribed)
Con Edison Region: $0.30/W
Upstate Region: $0.35/W
Low-to-Moderate income customers: $0.80/W (up to 10 kW)
Small Commercial (Non-Residential):Long Island Region: $0.00/W (MW blocks have been fully subscribed)
Con Edison Region: $0.60/W
Up State Region: $0.45/W
Multifamily Affordable Housing Adder: additional $0.40/W (up to 50 kW)
|More Info||Click here|
|Name||Local Option - Solar Sales Tax Exemption|
|Incentive Amount||Upon local authorization, 100% exemption from local sales tax|
|More Info||Click here|
How to Save on Solar Panels
There are a large number of companies available in Carmel, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When reading through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: When making the switch to solar power, it's important to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: The model of solar panel you need plays a role in which company you should go with, since different companies have access to different panels.
- Reputation: Long-running companies likely have a high 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.
EcoWatch's Carmel, NY Solar Cost FAQs
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.