Solar Panel Cost Guide in Delhi, NY (2023 Update)
- Delhi Solar Installation Cost: $9,499
- 25-Year Savings: $5,301
- Payback Period: 16.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Delhi
Here's how much it might cost to make the switch to solar in Delhi.
While the national average of solar panels is $2.66 per watt, solar panels in Delhi generally cost about 2.95. The average Delhi homeowner needs a 4.6-kilowatt system, which would cost about $9,499 with the federal tax credit, or $13,584 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary depending on multiple factors, such as how many panels you need, your energy consumption and what company you go with. But, once you've paid the initial cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $12,000 over 20 years on electricity bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Delhi
| Year | Return on Investment |
|---|---|
| 1 years | $-8,907 |
| 3 years | $-7,723 |
| 5 years | $-6,539 |
| 7 years | $-5,355 |
| 9 years | $-4,171 |
| 11 years | $-2,987 |
| 13 years | $-1,803 |
| 15 years | $-619 |
| 17 years | $565 |
| 19 years | $1,749 |
| 21 years | $2,933 |
| 23 years | $4,117 |
| 25 years | $5,301 |
Top Solar Installers in Delhi
Although it's possible to install solar panels yourself, it requires extra energy and expertise. That's why the majority of homeowners choose to go with a solar panel installer. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Delhi:
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 Delhi
Factors that Affect Solar Panel Costs in Delhi
Though the average cost of a solar system in Delhi is $9,499, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in Delhi. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 limited roof space 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 raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Delhi homeowners opt to finance their solar panel systems to offset upfront costs. Even though solar loans make going solar more accessible for Delhi homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can impact how much you pay. Delhi's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $6,418 | 16.7 years |
| 8 kW | $3.01 | $16,850 | $8,887 | 16.4 years |
| 10 kW | $2.95 | $20,650 | $11,522 | 16.0 years |
| 12 kW | $2.89 | $24,284 | $14,322 | 15.7 years |
| 14 kW | $2.83 | $27,754 | $17,287 | 15.4 years |
| 16 kW | $2.77 | $31,058 | $20,418 | 15.1 years |
| 18 kW | $2.71 | $34,196 | $23,713 | 14.8 years |
| 20 kW | $2.66 | $37,170 | $27,174 | 14.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
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 Delhi, NY Solar Cost FAQs
How much does it cost to install solar panels in Delhi?
The average cost of solar panels in Delhi is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will installing solar panels impact the value of my home?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Delhi is currently $174,699, which means you could be looking at a value of about $7,163 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Delhi is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 install 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.