Solar Panel Cost Guide in Dix, NY (2024 Update)
- Dix Solar Installation Cost: $11,908
- 25-Year Savings: $5,738
- Payback Period: 19.4 Years
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Average Cost of Solar Panels in Dix
Find out what the average cost of a solar system is in Dix.
In Dix, solar panels cost about 4 per watt on average.The average Dix homeowner needs a 4.7-kilowatt system, which would cost about $11,908 with the federal tax credit, or $17,028 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more.With typical savings of about $13,000 on energy bills over 20 years, many homeowners in Dix find investing in solar has a decent ROI.
Click the button below to get connected to a top solar company in your area for a customized quote.
Solar savings over time in Dix
| Year | Return on Investment |
|---|---|
| 1 years | $-11,082 |
| 3 years | $-9,430 |
| 5 years | $-7,778 |
| 7 years | $-6,126 |
| 9 years | $-4,474 |
| 11 years | $-2,823 |
| 13 years | $-1,171 |
| 15 years | $481 |
| 17 years | $2,133 |
| 19 years | $3,785 |
| 21 years | $5,437 |
| 23 years | $7,088 |
| 25 years | $8,740 |
Top Solar Installers in Dix
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be challenging. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for your family.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Dix
Factors that Affect Solar Panel Costs in Dix
For many Dix homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Dix, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Dix, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Dix homeowners choose to finance their solar panel systems to make paying for solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can affect your pricing. Dix’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that provides the products, warranties and services you’re looking for and also is within your budget.
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 | $3,834 | 20.2 years |
| 8 kW | $3.72 | $20,849 | $5,520 | 19.8 years |
| 10 kW | $3.65 | $25,550 | $7,411 | 19.4 years |
| 12 kW | $3.58 | $30,047 | $9,507 | 19.0 years |
| 14 kW | $3.50 | $34,339 | $11,807 | 18.6 years |
| 16 kW | $3.43 | $38,427 | $14,311 | 18.2 years |
| 18 kW | $3.36 | $42,311 | $17,020 | 17.8 years |
| 20 kW | $3.29 | $45,990 | $19,933 | 17.4 years |
How to Save on Solar Panels
The solar panel company you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Warranty: If you’re worried about the longevity of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: When looking over 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 component breaking or the company going out of business.
- 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 past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Dix, NY Solar Cost FAQs
What is the average cost of installing solar panels in Dix?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Dix?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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 financial benefits from going solar.
Does Dix have a net metering program?
Most states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.