Solar Panel Cost Guide in Fallsburg, NY (2023 Update)
- Fallsburg Solar Installation Cost: $9,086
- 25-Year Savings: $8,322
- Payback Period: 13.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fallsburg
Find out what the average cost of solar panel installation is in Fallsburg.
The average cost of a solar panel system in Fallsburg is 2.95 per watt. Since a 4.4-kW system is needed to cover the energy costs of a typical home in Fallsburg, the average price of going solar will be about $9,086 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Fallsburg 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. Many homeowners find going solar is a sound investment. The average homeowner in Fallsburg can save around $15,000 on their energy bills over 20 years.
To receive a free estimate from a vetted solar company in Fallsburg, you can click the button below.
Solar savings over time in Fallsburg
| Year | Return on Investment |
|---|---|
| 1 years | $-8,390 |
| 3 years | $-6,997 |
| 5 years | $-5,604 |
| 7 years | $-4,212 |
| 9 years | $-2,819 |
| 11 years | $-1,427 |
| 13 years | $-34 |
| 15 years | $1,359 |
| 17 years | $2,751 |
| 19 years | $4,144 |
| 21 years | $5,537 |
| 23 years | $6,929 |
| 25 years | $8,322 |
Top Solar Installers in Fallsburg
Many homeowners opt for a solar panel installer since trying to install solar panels on your own can be a labor-intensive endeavor. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
If you're on the hunt for a solar installer in Fallsburg, the EcoWatch team has put together 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
See all of the solar companies in Fallsburg
Factors that Affect Solar Panel Costs in Fallsburg
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Fallsburg to be too costly, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can influence how much you pay. Fallsburg's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Fallsburg are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, 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 | $10,865 | 13.6 years |
| 8 kW | $3.01 | $16,850 | $14,818 | 13.3 years |
| 10 kW | $2.95 | $20,650 | $18,935 | 13.0 years |
| 12 kW | $2.89 | $24,284 | $23,218 | 12.8 years |
| 14 kW | $2.83 | $27,754 | $27,666 | 12.5 years |
| 16 kW | $2.77 | $31,058 | $32,279 | 12.3 years |
| 18 kW | $2.71 | $34,196 | $37,057 | 12.0 years |
| 20 kW | $2.66 | $37,170 | $42,000 | 11.7 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose considerably influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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 choose.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Reputation: Your solar installer should have a sound 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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 Fallsburg, NY Solar Cost FAQs
What is the average cost of installing solar panels in Fallsburg?
The average cost of solar panels in Fallsburg 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.