Solar Panel Cost Guide in Floral Park, NY (2023 Update)
- Floral Park Solar Installation Cost: $7,950
- 25-Year Savings: $22,647
- Payback Period: 6.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Floral Park
We go over average solar pricing in Floral Park.
The average cost of solar panels in Floral Park is 2.95 per watt. The average solar panel system size in Floral Park 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.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar system you want, your solar contractor and more. With typical savings of about $30,000 on power bills over 20 years, many homeowners in Floral Park find going solar has a decent ROI.
To get a free quote from a highly rated solar company in Floral Park, you can click the button below.
Solar savings over time in Floral Park
| Year | Return on Investment |
|---|---|
| 1 years | $-6,726 |
| 3 years | $-4,279 |
| 5 years | $-1,831 |
| 7 years | $617 |
| 9 years | $3,065 |
| 11 years | $5,513 |
| 13 years | $7,960 |
| 15 years | $10,408 |
| 17 years | $12,856 |
| 19 years | $15,304 |
| 21 years | $17,752 |
| 23 years | $20,199 |
| 25 years | $22,647 |
Top Solar Installers in Floral Park
Although you can install solar panels by yourself, it takes extra time and knowledge. Because of that, most homeowners choose a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you're on the hunt for a solar company in Floral Park, the EcoWatch team has compiled 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 Floral Park
Factors that Affect Solar Panel Costs in Floral Park
Though the average cost of a solar system in Floral Park is $7,950, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar energy system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,950. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Floral Park average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Floral Park, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. When trying to figure out 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 remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Floral Park, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and choose a company that has the products, warranties and services you're looking for 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 | $34,819 | 6.8 years |
| 8 kW | $3.01 | $16,850 | $46,755 | 6.6 years |
| 10 kW | $2.95 | $20,650 | $58,857 | 6.5 years |
| 12 kW | $2.89 | $24,284 | $71,124 | 6.4 years |
| 14 kW | $2.83 | $27,754 | $83,556 | 6.2 years |
| 16 kW | $2.77 | $31,058 | $96,154 | 6.1 years |
| 18 kW | $2.71 | $34,196 | $108,916 | 6.0 years |
| 20 kW | $2.66 | $37,170 | $121,844 | 5.8 years |
How to Save on Solar Panels
The company that does your solar panel 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 difficult, we have some tips to help you, such as:
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should opt for, since different companies provide different panels.
- Contract: Look through the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have proven 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 satisfied reviews from previous customers.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 Floral Park, NY Solar Cost FAQs
What is the average cost of installing solar panels in Floral Park?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact my property value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily 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 install 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.