Solar Panel Cost Guide in Dobbs Ferry, NY (2023 Update)
- Dobbs Ferry Solar Installation Cost: $8,645
- 25-Year Savings: $24,695
- Payback Period: 6.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Dobbs Ferry
We go over average solar pricing in Dobbs Ferry.
The national average cost of solar panels is $2.66 per watt, but in Dobbs Ferry it's 2.95 per watt. Since a 4.2-kW system is needed to cover the energy costs of a typical home in Dobbs Ferry, the average price of going solar will be about $8,652 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and the cost of going solar for you will differ based on your energy needs and what company you go with. Even with the large initial cost, the average Dobbs Ferry homeowner can save around $30,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar company in Dobbs Ferry that can help you get a more accurate cost estimate for your home.
Solar savings over time in Dobbs Ferry
| Year | Return on Investment |
|---|---|
| 1 years | $-8,534 |
| 3 years | $-8,311 |
| 5 years | $-8,089 |
| 7 years | $-7,867 |
| 9 years | $-7,645 |
| 11 years | $-7,422 |
| 13 years | $-7,200 |
| 15 years | $-6,978 |
| 17 years | $-6,756 |
| 19 years | $-6,533 |
| 21 years | $-6,311 |
| 23 years | $-6,089 |
| 25 years | $-5,866 |
Top Solar Installers in Dobbs Ferry
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make your swap to solar power much easier. A solar company can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some 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 Dobbs Ferry
Factors that Affect Solar Panel Costs in Dobbs Ferry
Although the average cost of a solar system in Dobbs Ferry is $8,652, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,950. The brand and kind 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 are often more expensive 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this 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 big investment. That's why many Dobbs Ferry homeowners choose to finance their solar panel systems to offset upfront costs. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of renewable energy solutions in Dobbs Ferry, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that offers the products, warranties and services you want and also fits 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 | $3.07 | $12,886 | $34,898 | 6.7 years |
| 8 kW | $3.01 | $16,850 | $46,861 | 6.6 years |
| 10 kW | $2.95 | $20,650 | $58,989 | 6.5 years |
| 12 kW | $2.89 | $24,284 | $71,283 | 6.4 years |
| 14 kW | $2.83 | $27,754 | $83,741 | 6.2 years |
| 16 kW | $2.77 | $31,058 | $96,365 | 6.1 years |
| 18 kW | $2.71 | $34,196 | $109,154 | 6.0 years |
| 20 kW | $2.66 | $37,170 | $122,108 | 5.8 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:
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which company you should go with, since different companies offer different panels.
- Reputation: Your solar installer should have a solid 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 positive reviews from past customers.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Dobbs Ferry, NY Solar Cost FAQs
What is the average cost of installing solar panels in Dobbs Ferry?
The average cost of solar panels in Dobbs Ferry 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 use.
Should I lease or buy solar panels in Dobbs Ferry?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to 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.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Dobbs Ferry is currently $667,961, so you could be looking at a value of about $27,386 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Dobbs Ferry is a worthwhile investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.