Solar Panel Cost Guide in East Fishkill, NY (2023 Update)
- East Fishkill Solar Installation Cost: $8,983
- 25-Year Savings: $10,318
- Payback Period: 11.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in East Fishkill
We break down average solar pricing in East Fishkill.
Currently, the national average cost of solar panels is $2.66 per watt. However, in East Fishkill, the typical cost of solar panels is 2.95 per watt. Since a 4.3-kW system is needed to cover the energy needs of a typical home in East Fishkill, the average price of going solar will be about $8,983 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average East Fishkill homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Even with the significant upfront cost, the average East Fishkill homeowner can save around $17,000 on their electricity bills over 20 years, which is one of the positives of solar.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in East Fishkill
| Year | Return on Investment |
|---|---|
| 1 years | $-8,211 |
| 3 years | $-6,667 |
| 5 years | $-5,123 |
| 7 years | $-3,579 |
| 9 years | $-2,035 |
| 11 years | $-491 |
| 13 years | $1,053 |
| 15 years | $2,597 |
| 17 years | $4,141 |
| 19 years | $5,685 |
| 21 years | $7,229 |
| 23 years | $8,773 |
| 25 years | $10,318 |
Top Solar Installers in East Fishkill
When going solar, many homeowners choose to hire a solar installation company since overseeing your solar installation yourself can be a time-consuming project. Companies can also provide access to quality options of the best solar panels and help you choose which one will be best for your home.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some nearby:
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 East Fishkill
Factors that Affect Solar Panel Costs in East Fishkill
For many East Fishkill homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in East Fishkill, 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
The size of the solar panel system you need, 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 $2,950. The brand and type of equipment you want 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, 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 utility bills over many years, but they can also be a big investment. That's why many East Fishkill homeowners opt to finance their solar panel systems to make paying for solar more affordable. Though solar loans make adopting solar energy more accessible for East Fishkill 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
The solar company you choose to handle your switch to green energy can play a part in your total costs. There are about 3 solar panel companies in East Fishkill, and each can charge varying amounts for labor and equipment. Additionally, some companies in East Fishkill have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $13,728 | 12.1 years |
| 8 kW | $3.01 | $16,850 | $18,634 | 11.9 years |
| 10 kW | $2.95 | $20,650 | $23,706 | 11.6 years |
| 12 kW | $2.89 | $24,284 | $28,943 | 11.4 years |
| 14 kW | $2.83 | $27,754 | $34,345 | 11.2 years |
| 16 kW | $2.77 | $31,058 | $39,912 | 10.9 years |
| 18 kW | $2.71 | $34,196 | $45,644 | 10.7 years |
| 20 kW | $2.66 | $37,170 | $51,542 | 10.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in East Fishkill, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
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 East Fishkill, NY Solar Cost FAQs
What is the average cost of installing solar panels in East Fishkill?
The average cost of solar panels in East Fishkill is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in East Fishkill?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in East Fishkill?
The majority of states have net metering programs of some kind. Through these, you can be compensated 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.
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 amount of 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 buy between 20 and 35 panels to cover 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.