Solar Panel Cost Guide in Chester, NY (2023 Update)
- Chester Solar Installation Cost: $8,937
- 25-Year Savings: $18,162
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Chester
Let's have a look at the average cost of solar in Chester.
In Chester, solar panels cost about 2.95 per watt on average. The average Chester 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.
These figures are only estimates, and your own solar costs will most likely vary based on your energy needs and what company you go with. Even with the significant upfront cost, the average Chester homeowner can save about $24,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a vetted solar company in Chester that can help you get a more accurate cost estimate for your home.
Solar savings over time in Chester
| Year | Return on Investment |
|---|---|
| 1 years | $-7,596 |
| 3 years | $-4,914 |
| 5 years | $-2,233 |
| 7 years | $449 |
| 9 years | $3,131 |
| 11 years | $5,813 |
| 13 years | $8,494 |
| 15 years | $11,176 |
| 17 years | $13,858 |
| 19 years | $16,540 |
| 21 years | $19,221 |
| 23 years | $21,903 |
| 25 years | $24,585 |
Top Solar Installers in Chester
Many homeowners choose to hire a solar panel installer since trying to install solar panels yourself can be time-consuming. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
If you'd like to switch to solar energy but still aren't sure which solar company to go with, here are our recommendations 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
See all of the solar companies in Chester
Factors that Affect Solar Panel Costs in Chester
Cost is usually one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Chester: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. The brand of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Chester, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can impact the cost. Chester's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Chester know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $24,684 | 8.6 years |
| 8 kW | $3.01 | $16,850 | $33,243 | 8.4 years |
| 10 kW | $2.95 | $20,650 | $41,967 | 8.2 years |
| 12 kW | $2.89 | $24,284 | $50,856 | 8.1 years |
| 14 kW | $2.83 | $27,754 | $59,910 | 7.9 years |
| 16 kW | $2.77 | $31,058 | $69,129 | 7.7 years |
| 18 kW | $2.71 | $34,196 | $78,514 | 7.6 years |
| 20 kW | $2.66 | $37,170 | $88,063 | 7.4 years |
How to Save on Solar Panels
There are a large number of companies available in Chester, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a quality company.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past 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 Chester, NY Solar Cost FAQs
What is the average cost of installing solar panels in Chester?
This is a tough question to answer precisely, because the cost depends on a variety of 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Chester?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can 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 buy 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.