Solar Panel Cost Guide in Deerpark, NY (2024 Update)
- Deerpark Solar Installation Cost: $11,058
- 25-Year Savings: $18,162
- Payback Period: 10.2 Years
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Average Cost of Solar Panels in Deerpark
We break down average solar pricing in Deerpark.
The national average cost of solar panels is $2.66 per watt, but in Deerpark it’s 4 per watt.The average Deerpark homeowner needs a 4.3-kilowatt system, which would cost about $11,058 with the federal tax credit, or $15,813 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy consumption and what company you go with.But, after you've paid the initial cost of installation, the savings for most homeowners is quite good, with a net average savings of about $24,000 over 20 years on energy bills.
Click the button below to get connected to a top solar installer in Deerpark for a custom quote.
Solar savings over time in Deerpark
| Year | Return on Investment |
|---|---|
| 1 years | $-9,717 |
| 3 years | $-7,035 |
| 5 years | $-4,353 |
| 7 years | $-1,671 |
| 9 years | $1,010 |
| 11 years | $3,692 |
| 13 years | $6,374 |
| 15 years | $9,055 |
| 17 years | $11,737 |
| 19 years | $14,419 |
| 21 years | $17,101 |
| 23 years | $19,782 |
| 25 years | $22,464 |
Top Solar Installers in Deerpark
When going solar, many homeowners opt to go with a solar company since DIY solar panel installation can be a time-consuming project. Local solar installers can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
If you're searching for a solar company in Deerpark, we've compiled 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Deerpark
Factors that Affect Solar Panel Costs in Deerpark
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Deerpark: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,650. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that are more efficient tend to also be more expensive. In addition, 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
Many homeowners find the average cost of solar in Deerpark to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time because of interest.However, the interest on solar loans also adds to your overall costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Deerpark, you’ll have many options to choose from, but each comes at various price points for labor and equipment.You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment 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 | $3.80 | $15,943 | $21,627 | 10.6 years |
| 8 kW | $3.72 | $20,849 | $29,245 | 10.4 years |
| 10 kW | $3.65 | $25,550 | $37,067 | 10.2 years |
| 12 kW | $3.58 | $30,047 | $45,093 | 10.0 years |
| 14 kW | $3.50 | $34,339 | $53,324 | 9.8 years |
| 16 kW | $3.43 | $38,427 | $61,759 | 9.6 years |
| 18 kW | $3.36 | $42,311 | $70,399 | 9.4 years |
| 20 kW | $3.29 | $45,990 | $79,243 | 9.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The kind of solar panel you need to get plays a part in which installer you should opt for, since different companies have access to different panels.
- Contract: When reading through your solar company’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Deerpark, NY Solar Cost FAQs
How much does it cost to install solar panels in Deerpark?
The average cost of solar panels in Deerpark is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Deerpark?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Does Deerpark have a net metering program?
The majority of states have 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 electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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 house 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.