Solar Panel Cost Guide in Greenfield, NY (2023 Update)
- Greenfield Solar Installation Cost: $11,457
- 25-Year Savings: $6,666
- Payback Period: 18.0 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Greenfield
See how much it might cost to switch to solar power in Greenfield.
The national average cost of solar panels is $2.66 per watt, but in Greenfield it’s 4 per watt.Using this figure, a typical 4.5-kW system would cost about $11,457 before the 0 federal solar tax credit is applied.
These figures are just averages, and your own solar costs will most likely vary based on your energy needs and what company you choose to go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Greenfield can save around $13,000 on their electricity bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Greenfield
| Year | Return on Investment |
|---|---|
| 1 years | $-10,565 |
| 3 years | $-8,781 |
| 5 years | $-6,996 |
| 7 years | $-5,212 |
| 9 years | $-3,428 |
| 11 years | $-1,644 |
| 13 years | $140 |
| 15 years | $1,924 |
| 17 years | $3,708 |
| 19 years | $5,492 |
| 21 years | $7,276 |
| 23 years | $9,060 |
| 25 years | $10,844 |
Top Solar Installers in Greenfield
Although it's possible to install solar panels on your own, it requires extra time and handiness. That's why the majority of homeowners choose to hire a solar panel installer. Local solar companies can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
If you're looking for a solar installer in Greenfield, we've put together 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
See all of the solar companies in Greenfield
Factors that Affect Solar Panel Costs in Greenfield
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Greenfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important 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 power your household uses, the larger your system will likely need to be. You can expect to spend around $3,650 per kilowatt in Greenfield.The kind of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Greenfield homeowners opt to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your total costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Greenfield is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for instance, you’ll have no shortage of solar installers that provide a range of services at different price points.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $5,367 | 18.7 years |
| 8 kW | $3.72 | $20,849 | $7,564 | 18.3 years |
| 10 kW | $3.65 | $25,550 | $9,966 | 18.0 years |
| 12 kW | $3.58 | $30,047 | $12,573 | 17.6 years |
| 14 kW | $3.50 | $34,339 | $15,384 | 17.3 years |
| 16 kW | $3.43 | $38,427 | $18,399 | 16.9 years |
| 18 kW | $3.36 | $42,311 | $21,618 | 16.5 years |
| 20 kW | $3.29 | $45,990 | $25,042 | 16.2 years |
How to Save on Solar Panels
There are a large number of companies available in Greenfield, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- 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 installer, such as what permits you should secure and how long the project will take.
- Contract: When looking over your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Greenfield, NY Solar Cost FAQs
How much does it cost to install solar panels in Greenfield?
The average cost of solar panels in Greenfield is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on stuff 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 without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Greenfield have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.