Solar Panel Cost Guide in Glen Cove, NY (2024 Update)
- Glen Cove Solar Installation Cost: $9,833
- 25-Year Savings: $14,424
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Glen Cove
Let’s take a look at the average cost of solar in Glen Cove.
In Glen Cove, solar panels cost about 4 per watt on average.The average solar panel system size in Glen Cove is around 3.8 kilowatts, meaning a cost of about $9,833 for a solar installation, or $14,061 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Glen Cove based on a few factors, such as the type of solar panels you choose and the solar company you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $22,000 over 20 years on utility bills.
Click the button below to get connected to a top solar company in your area for a custom quote.
Solar savings over time in Glen Cove
Year | Return on Investment |
---|---|
1 years | $-8,307 |
3 years | $-5,257 |
5 years | $-2,206 |
7 years | $845 |
9 years | $3,896 |
11 years | $6,946 |
13 years | $9,997 |
15 years | $13,048 |
17 years | $16,098 |
19 years | $19,149 |
21 years | $22,200 |
23 years | $25,250 |
25 years | $28,301 |
Top Solar Installers in Glen Cove
When switching to solar energy, many homeowners decide to use a solar company since installing solar panels yourself can be a difficult project. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
If you're looking for a solar company in Glen Cove, 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Glen Cove
Factors that Affect Solar Panel Costs in Glen Cove
For many Glen Cove homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Glen Cove, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $3,650 per kilowatt in Glen Cove.There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Glen Cove to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Glen Cove is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Glen Cove have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $3.80 | $15,943 | $18,935 | 11.4 years |
8 kW | $3.72 | $20,849 | $25,656 | 11.2 years |
10 kW | $3.65 | $25,550 | $32,580 | 11.0 years |
12 kW | $3.58 | $30,047 | $39,710 | 10.8 years |
14 kW | $3.50 | $34,339 | $47,043 | 10.5 years |
16 kW | $3.43 | $38,427 | $54,581 | 10.3 years |
18 kW | $3.36 | $42,311 | $62,324 | 10.1 years |
20 kW | $3.29 | $45,990 | $70,271 | 9.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose greatly influences your costs and your system’s efficiency, production, and durability, 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: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Warranty: If you’re worried about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Glen Cove, NY Solar Cost FAQs
What is the average cost of installing solar panels in Glen Cove?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 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 higher-than-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Glen Cove?
You can’t get solar panels for free in Glen Cove. However, you may still be able to get 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 your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Glen Cove is currently $692,991, so you can expect a value of about $28,413 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Glen Cove is a worthwhile investment.
How long do solar panels last in Glen Cove?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.