Solar Panel Cost Guide in Greene, NY (2023 Update)
- Greene Solar Installation Cost: $9,602
- 25-Year Savings: $5,198
- Payback Period: 16.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Greene
Find out what the average cost of a solar system is in Greene.
The national average cost of solar panels is $2.66 per watt, but in Greene it's 2.95 per watt. The average solar panel system size in Greene is around 4.7 kilowatts, meaning a cost of about $9,602 for a solar installation, or $13,731 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may differ based on the amount of energy your home requires and what company you go with. For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Greene see about $12,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Greene
| Year | Return on Investment |
|---|---|
| 1 years | $-9,010 |
| 3 years | $-7,826 |
| 5 years | $-6,642 |
| 7 years | $-5,458 |
| 9 years | $-4,274 |
| 11 years | $-3,090 |
| 13 years | $-1,906 |
| 15 years | $-722 |
| 17 years | $462 |
| 19 years | $1,646 |
| 21 years | $2,830 |
| 23 years | $4,014 |
| 25 years | $5,198 |
Top Solar Installers in Greene
When switching to solar energy, many homeowners choose to use a solar installer since installing solar panels yourself can be a challenging project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Greene:
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 Greene
Factors that Affect Solar Panel Costs in Greene
Although the average cost of a solar system in Greene is $9,602, your final cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use 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. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, add-on products, like solar batteries, can bring your total well above the Greene average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Greene homeowners opt to finance their solar panel systems to make paying for solar more affordable. Even though solar loans make switching to solar energy more accessible for Greene homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence how much it costs. Greene's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — 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 choose a company that provides the products, warranties and services you want and also fit into 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 | $6,225 | 16.9 years |
| 8 kW | $3.01 | $16,850 | $8,630 | 16.5 years |
| 10 kW | $2.95 | $20,650 | $11,201 | 16.2 years |
| 12 kW | $2.89 | $24,284 | $13,937 | 15.9 years |
| 14 kW | $2.83 | $27,754 | $16,838 | 15.6 years |
| 16 kW | $2.77 | $31,058 | $19,904 | 15.2 years |
| 18 kW | $2.71 | $34,196 | $23,135 | 14.9 years |
| 20 kW | $2.66 | $37,170 | $26,532 | 14.6 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: The model of solar panel you'd like to get plays a part in which installer you should go with, since different companies offer different panels.
- 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.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
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 Greene, NY Solar Cost FAQs
How much does it cost to install solar panels in Greene?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Greene?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Can you sell solar power back to the grid in Greene?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels 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 typically produce about 250 to 400 watt-hours per hour, the average household 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.