Solar Panel Cost Guide in Goshen, NY (2024 Update)
- Goshen Solar Installation Cost: $11,058
- 25-Year Savings: $17,313
- Payback Period: 10.5 Years
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Average Cost of Solar Panels in Goshen
Let’s have a look at the average cost of solar panels in Goshen.
The average cost of solar panels in Goshen is 4 per watt.The average Goshen homeowner needs a 4.3-kilowatt system, which would cost about $11,058 with the federal tax credit, or $15,813 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Goshen homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront investment in solar power is worth paying. On average Goshen homeowners see about $23,000 in savings on utility bills over 20 years.
To get a free quote from a highly rated solar company in Goshen, you can click the button below.
Solar savings over time in Goshen
| Year | Return on Investment |
|---|---|
| 1 years | $-9,748 |
| 3 years | $-7,128 |
| 5 years | $-4,509 |
| 7 years | $-1,889 |
| 9 years | $731 |
| 11 years | $3,350 |
| 13 years | $5,970 |
| 15 years | $8,589 |
| 17 years | $11,209 |
| 19 years | $13,829 |
| 21 years | $16,448 |
| 23 years | $19,068 |
| 25 years | $21,687 |
Top Solar Installers in Goshen
Many homeowners opt for a solar installer since trying to put up solar panels on your own can be challenging. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you’d like to make the switch to solar but still aren’t certain which solar company to go with, here are our suggestions for providers near you:
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 Goshen
Factors that Affect Solar Panel Costs in Goshen
For many Goshen homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Goshen, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Goshen, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past energy bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Goshen, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many Goshen homeowners opt to finance their solar panel systems to make going solar more affordable.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will affect your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Goshen 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 | $20,449 | 11.0 years |
| 8 kW | $3.72 | $20,849 | $27,674 | 10.7 years |
| 10 kW | $3.65 | $25,550 | $35,103 | 10.5 years |
| 12 kW | $3.58 | $30,047 | $42,737 | 10.3 years |
| 14 kW | $3.50 | $34,339 | $50,575 | 10.1 years |
| 16 kW | $3.43 | $38,427 | $58,618 | 9.9 years |
| 18 kW | $3.36 | $42,311 | $66,865 | 9.7 years |
| 20 kW | $3.29 | $45,990 | $75,316 | 9.5 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 Goshen, NY Solar Cost FAQs
How much does it cost to install solar panels in Goshen?
The average cost of solar panels in Goshen is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Goshen have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 buy between 20 and 35 panels to account for 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.