Solar Panel Cost Guide in Farmingdale, NY (Jan 2023)
- Farmingdale Solar Installation Cost: $7,950
- 25-Year Savings: $14,421
- Payback Period: 8.9 Years
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Top Solar Installers in Farmingdale
When making the switch to solar, many homeowners opt to use a solar installer since putting up a solar system yourself can be a challenging project. Another advantage of utilizing a solar installer is that they can help you make the most of your investment by cutting back on future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Farmingdale
Factors that Affect Solar Panel Costs in Farmingdale
For many Farmingdale homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Farmingdale, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. 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. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Farmingdale average.
Solar Financing Terms
Many homeowners find the average cost of solar in Farmingdale to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. Although solar loans make adopting solar energy more accessible for Farmingdale 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Farmingdale, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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||$21,993||9.2 years|
|8 kW||$3.01||$16,850||$29,654||9.1 years|
|10 kW||$2.95||$20,650||$37,480||8.9 years|
|12 kW||$2.89||$24,284||$45,472||8.7 years|
|14 kW||$2.83||$27,754||$53,629||8.5 years|
|16 kW||$2.77||$31,058||$61,951||8.3 years|
|18 kW||$2.71||$34,196||$70,438||8.2 years|
|20 kW||$2.66||$37,170||$79,091||8.0 years|
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: The model of solar panel you need to get plays a role in which company you should go with, since different companies provide different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer quality solar panel installation and expertise.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: If you care about the endurance of your solar system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Farmingdale, NY Solar Cost FAQs
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.