Solar Panel Cost Guide in Greenburgh, NY (Feb 2023)
- Greenburgh Solar Installation Cost: $8,652
- 25-Year Savings: $24,687
- Payback Period: 6.5 Years
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Top Solar Installers in Greenburgh
Trying to put up solar panels by yourself can be a difficult task, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies provide can be valuable as well, especially if you don't quite know what brand of solar equipment would be right for your home.
If you're on the hunt for a solar company in Greenburgh, the EcoWatch team has organized a list of our top suggestions here:
See all of the solar companies in Greenburgh
Factors that Affect Solar Panel Costs in Greenburgh
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Greenburgh: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Greenburgh homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Greenburgh, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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||$34,898||6.7 years|
|8 kW||$3.01||$16,850||$46,861||6.6 years|
|10 kW||$2.95||$20,650||$58,989||6.5 years|
|12 kW||$2.89||$24,284||$71,283||6.4 years|
|14 kW||$2.83||$27,754||$83,741||6.2 years|
|16 kW||$2.77||$31,058||$96,365||6.1 years|
|18 kW||$2.71||$34,196||$109,154||6.0 years|
|20 kW||$2.66||$37,170||$122,108||5.8 years|
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- 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 significant role in the company you choose.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
EcoWatch's Greenburgh, NY Solar Cost FAQs
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.