Solar Panel Cost Guide in Greenfield, NY (2023 Update)
- Greenfield Solar Installation Cost: $9,251
- 25-Year Savings: $6,674
- Payback Period: 14.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Greenfield
Find out what the average cost of solar panels are in Greenfield.
In Greenfield, solar panels cost about 2.95 per watt on average. Since a 4.5-kW system is needed to cover the energy needs of a typical home in Greenfield, the average price of going solar will be about $9,251 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar system you choose, your solar contractor and more. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Greenfield can save about $13,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar company in Greenfield for a custom estimate.
Solar savings over time in Greenfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,614 |
| 3 years | $-7,340 |
| 5 years | $-6,066 |
| 7 years | $-4,792 |
| 9 years | $-3,518 |
| 11 years | $-2,244 |
| 13 years | $-970 |
| 15 years | $304 |
| 17 years | $1,578 |
| 19 years | $2,852 |
| 21 years | $4,126 |
| 23 years | $5,400 |
| 25 years | $6,674 |
Top Solar Installers in Greenfield
Although you can install solar panels on your own, it takes extra energy and know-how. For that reason, most homeowners choose to go with a solar panel installer. Another perk of working with a solar installer is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you'd like to go solar but still aren't sure which solar system company to go with, here are our suggestions for providers in Greenfield:
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
There are many factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Greenfield, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, 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
Many homeowners find the average cost of solar in Greenfield to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Greenfield, and each can charge varying amounts for labor and equipment. Additionally, some companies in Greenfield have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $3.07 | $12,886 | $8,424 | 15.1 years |
| 8 kW | $3.01 | $16,850 | $11,563 | 14.8 years |
| 10 kW | $2.95 | $20,650 | $14,866 | 14.5 years |
| 12 kW | $2.89 | $24,284 | $18,335 | 14.2 years |
| 14 kW | $2.83 | $27,754 | $21,969 | 14.0 years |
| 16 kW | $2.77 | $31,058 | $25,768 | 13.7 years |
| 18 kW | $2.71 | $34,196 | $29,733 | 13.4 years |
| 20 kW | $2.66 | $37,170 | $33,862 | 13.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: When reading 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 part breaking or the company going out of business.
- Solar Panel Brands: The brand of solar panel you'd like to install plays a part in which company you should opt for, since different companies have different panels.
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
What is the average cost of installing solar panels in Greenfield?
This is a tough question to answer exactly, because the cost depends on many 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 be more expensive if you want additional 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 opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Greenfield?
Solar panels aren't free in Greenfield, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Greenfield?
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 electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Greenfield?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.