Solar Panel Cost Guide in Grandyle Village, NY (Sep 2022)
- Grandyle Village Solar Installation Cost: $9,458
- 25-Year Savings: $6,749
- Payback Period: 14.6 Years
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Updated 9/16/2022
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Average Cost of Solar Panels in Grandyle Village
Find out what the average cost of solar panel installation is in Grandyle Village.
In Grandyle Village, solar panels cost about $3 per watt on average. Since a 4.6-kW system is needed to cover the energy usage of a typical home in Grandyle Village, the average price of going solar will be about $9,458 before claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of installing solar panels can vary quite a bit based on several factors, such as how many panels you need, your energy usage and what installation company you go with. Many homeowners find installing solar panels is a solid investment. The average homeowner in Grandyle Village can save around $13,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Grandyle Village for a quote for your home.
Solar savings over time in Grandyle Village
| Year | Return on Investment |
|---|---|
| 1 years | $-8,809 |
| 3 years | $-7,513 |
| 5 years | $-6,216 |
| 7 years | $-4,920 |
| 9 years | $-3,623 |
| 11 years | $-2,327 |
| 13 years | $-1,030 |
| 15 years | $266 |
| 17 years | $1,563 |
| 19 years | $2,860 |
| 21 years | $4,156 |
| 23 years | $5,453 |
| 25 years | $6,749 |
Top Solar Installers in Grandyle Village
Although it's possible to install solar panels on your own, it involves extra labor and know-how. For that reason, the majority of homeowners choose to hire a solar panel installer. Some solar installers, particularly local ones, can help you take advantage of incentives in Grandyle Village, optimizing your ROI.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Grandyle Village:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
The Green Panel
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Grandyle Village
Factors that Affect Solar Panel Costs in Grandyle Village
There are a number of criteria that can play into your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment Size
When it comes to estimating the price of a solar energy system in Grandyle Village, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past power bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost 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, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bring your total well above the Grandyle Village average.
Solar Financing Terms
Most solar companies in Grandyle Village provide solar loans, which reduce the initial cost of installing solar panels. It's wise to factor 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 off the loan.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to make the switch to solar power. 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 come at a higher cost. 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 | $8,357 | 15.2 years |
| 8 kW | $3.01 | $16,850 | $11,473 | 14.9 years |
| 10 kW | $2.95 | $20,650 | $14,754 | 14.6 years |
| 12 kW | $2.89 | $24,284 | $18,201 | 14.3 years |
| 14 kW | $2.83 | $27,754 | $21,813 | 14.0 years |
| 16 kW | $2.77 | $31,058 | $25,589 | 13.7 years |
| 18 kW | $2.71 | $34,196 | $29,531 | 13.4 years |
| 20 kW | $2.66 | $37,170 | $33,639 | 13.1 years |
Solar Incentives in Grandyle Village
| Name | State of NY Commercial PACE Financing Program |
| Incentive Amount | Locally determined |
| Website | Visit here |
| More Info | Click here |
| Name | Residential Solar Tax Credit |
| Website | Visit here |
| More Info | Click here |
| Name | Refundable Clean Heating Fuel Tax Credit (Corporate) |
| More Info | Click here |
| Name | Residential Wood Heating Fuel Exemption |
| Incentive Amount | 100% exemption |
| More Info | Click here |
| Name | Local Option - Solar Sales Tax Exemption |
| More Info | Click here |
| Name | Solar Sales Tax Exemption |
| Website | Visit here |
| More Info | Click here |
| Name | Local Option - Real Property Tax Exemption for Green Buildings |
| Website | Visit here |
| More Info | Click here |
| Name | Energy Conservation Improvements Property Tax Exemption |
| Website | Visit here |
| More Info | Click here |
| Name | Local Option - Solar, Wind & Biomass Energy Systems Exemption |
| Website | Visit here |
| More Info | Click here |
| Name | NY-Sun PV Incentive Program (Residential, Low-Income, and Small Business) |
| Website | Visit here |
| More Info | Click here |
| Name | Ground Source Heat Pump Rebate Program |
| Website | Visit here |
| More Info | Click here |
| Name | Home Performance with ENERGY STAR |
| Incentive Amount | |
| Website | Visit here |
| More Info | Click here |
| Name | NY Green Bank |
| Website | Visit here |
| More Info | Click here |
| Name | Refundable Clean Heating Fuel Tax Credit (Personal) |
| Website | Visit here |
| More Info | Click here |
| Name | On-Site Wind Incentive Program |
| Website | Visit here |
| More Info | Click here |
| Name | Anaerobic Digester Gas-to-Electricity Rebate and Performance Incentive |
| Website | Visit here |
| More Info | Click here |
| Name | Residential Renewable Energy Tax Credit |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
The solar panel company 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 take into account, such as:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Warranty: If you're worried about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
The Green Panel
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Grandyle Village, NY Solar Cost FAQs
How much does it cost to install solar panels in Grandyle Village?
This is a difficult question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.
