Solar Panel Cost Guide in Freeport, NY (2023 Update)
- Freeport Solar Installation Cost: $7,950
- 25-Year Savings: $13,429
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Freeport
Find out what the average cost of a solar system is in Freeport.
The national average cost of solar panels is $2.66 per watt, but in Freeport it's 2.95 per watt. To cover the typical energy usage of the average home in Freeport, most homeowners require a 3.9-kilowatt system. Using the figure above, a solar installation costs about $7,950, or $11,368 before the federal solar tax credit of 30% 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 needs, the type of solar system you want to get, your solar contractor and more. Despite the large upfront cost, the average Freeport homeowner can save around $21,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar installer in Freeport that can help you get a more accurate cost estimate for your home.
Solar savings over time in Freeport
| Year | Return on Investment |
|---|---|
| 1 years | $-7,095 |
| 3 years | $-5,385 |
| 5 years | $-3,674 |
| 7 years | $-1,964 |
| 9 years | $-254 |
| 11 years | $1,457 |
| 13 years | $3,167 |
| 15 years | $4,877 |
| 17 years | $6,587 |
| 19 years | $8,298 |
| 21 years | $10,008 |
| 23 years | $11,718 |
| 25 years | $13,429 |
Top Solar Installers in Freeport
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be a lot of work. Some solar installers, especially local ones, can help you take advantage of incentives in Freeport, therefore optimizing your ROI.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Freeport
Factors that Affect Solar Panel Costs in Freeport
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Freeport: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation need 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. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Freeport, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Freeport to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installation company you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. 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 find 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 | $20,446 | 9.7 years |
| 8 kW | $3.01 | $16,850 | $27,592 | 9.5 years |
| 10 kW | $2.95 | $20,650 | $34,903 | 9.3 years |
| 12 kW | $2.89 | $24,284 | $42,379 | 9.1 years |
| 14 kW | $2.83 | $27,754 | $50,021 | 8.9 years |
| 16 kW | $2.77 | $31,058 | $57,827 | 8.7 years |
| 18 kW | $2.71 | $34,196 | $65,799 | 8.5 years |
| 20 kW | $2.66 | $37,170 | $73,936 | 8.4 years |
How to Save on Solar Panels
The solar installer you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar companies 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 hire.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
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 Freeport, NY Solar Cost FAQs
What is the average cost of installing solar panels in Freeport?
The average cost of solar panels in Freeport 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Freeport?
You can't get solar panels for free in Freeport. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Freeport is currently $358,156, which means you could be looking at a value of about $14,684 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Freeport is a rewarding investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.