Solar Panel Cost Guide in Deerpark, NY (Jan 2023)
- Deerpark Solar Installation Cost: $8,941
- 25-Year Savings: $18,158
- Payback Period: 8.2 Years
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Top Solar Installers in Deerpark
Installing solar panels yourself can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. In addition, if you'd like to maximize your investment in solar power, opting for a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.
If you'd like to switch to solar energy but still aren't sure which solar installer to go with, here are our suggestions for providers in Deerpark:
See all of the solar companies in Deerpark
Factors that Affect Solar Panel Costs in Deerpark
For many Deerpark homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Deerpark, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
When it comes to estimating the cost of solar panels in Deerpark, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. The brand and type of equipment you get 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Deerpark, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the total 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 interest rate could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect how much you pay. Deerpark's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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
The solar company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- 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.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar company's contract, ask questions 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.
EcoWatch's Deerpark, 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.