Solar Panel Cost Guide in East Rockaway, NY (Mar 2023)
- East Rockaway Solar Installation Cost: $7,950
- 25-Year Savings: $13,404
- Payback Period: 9.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in East Rockaway
We break down average solar pricing in East Rockaway.
The national average cost of solar panels is $2.66 per watt, but in East Rockaway it's 2.95 per watt. The average solar panel system size in East Rockaway is around 3.9 kilowatts, meaning a cost of about $7,950 for a solar installation, or $11,368 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what installation company you go with. Despite the large initial cost, the average East Rockaway homeowner can save about $21,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar panel company in your area for a customized quote.
Solar savings over time in East Rockaway
| Year | Return on Investment |
|---|---|
| 1 years | $-7,096 |
| 3 years | $-5,388 |
| 5 years | $-3,679 |
| 7 years | $-1,971 |
| 9 years | $-263 |
| 11 years | $1,445 |
| 13 years | $3,154 |
| 15 years | $4,862 |
| 17 years | $6,570 |
| 19 years | $8,279 |
| 21 years | $9,987 |
| 23 years | $11,695 |
| 25 years | $13,404 |
Top Solar Installers in East Rockaway
Many homeowners opt for a solar panel company since trying to install solar panels on your own can be a lot of work. Plus, if you're unsure what type of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
If you're on the hunt for a solar company in East Rockaway, we've organized 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 Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in East Rockaway
Factors that Affect Solar Panel Costs in East Rockaway
Although the average cost of a solar system in East Rockaway is $7,950, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like East Rockaway, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of 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
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in East Rockaway, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in East Rockaway is the company you hire to install your PV system. As with choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services at different price points. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $3.07 | $12,886 | $20,407 | 9.7 years |
| 8 kW | $3.01 | $16,850 | $27,540 | 9.5 years |
| 10 kW | $2.95 | $20,650 | $34,838 | 9.3 years |
| 12 kW | $2.89 | $24,284 | $42,301 | 9.1 years |
| 14 kW | $2.83 | $27,754 | $49,929 | 8.9 years |
| 16 kW | $2.77 | $31,058 | $57,723 | 8.7 years |
| 18 kW | $2.71 | $34,196 | $65,681 | 8.6 years |
| 20 kW | $2.66 | $37,170 | $73,805 | 8.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: The type of solar panel you'd like plays a part in which company you should opt for, since different companies offer different panels.
- Contract: When looking through 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 like a system component breaking or if the company goes out of business.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's East Rockaway, NY Solar Cost FAQs
How much does it cost to install solar panels in East Rockaway?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in East Rockaway?
Leasing solar panels can be an option if you can't 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 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.
Do solar panels increase how much your home is worth?
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 East Rockaway is currently $449,198, so you can expect a value of about $18,417 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in East Rockaway is a worthwhile investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a 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.