Solar Panel Cost Guide in Greenport, NY (2023 Update)
- Greenport Solar Installation Cost: $9,169
- 25-Year Savings: $8,135
- Payback Period: 13.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Greenport
We go over average solar pricing in Greenport.
In Greenport, solar panels cost about 2.95 per watt on average. Because a 4.4-kW system is needed to cover the energy needs of a typical home in Greenport, the average price of going solar will be about $9,169 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Greenport homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Greenport can save around $15,000 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 Greenport
| Year | Return on Investment |
|---|---|
| 1 years | $-8,476 |
| 3 years | $-7,092 |
| 5 years | $-5,708 |
| 7 years | $-4,324 |
| 9 years | $-2,939 |
| 11 years | $-1,555 |
| 13 years | $-171 |
| 15 years | $1,214 |
| 17 years | $2,598 |
| 19 years | $3,982 |
| 21 years | $5,367 |
| 23 years | $6,751 |
| 25 years | $8,135 |
Top Solar Installers in Greenport
Many homeowners opt for a solar installation company since installing solar panels yourself can be a lot of work. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you'd like to go solar but still aren't sure which solar company to go with, here are our recommendations for providers in Greenport:
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 Greenport
Factors that Affect Solar Panel Costs in Greenport
There are many factors that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,950 per kilowatt in Greenport. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Greenport average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Greenport homeowners opt to finance their solar panel systems to make paying for solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you go with to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in Greenport, and each can charge different amounts for labor and equipment. 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 with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you're looking for 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 | $10,498 | 13.8 years |
| 8 kW | $3.01 | $16,850 | $14,327 | 13.5 years |
| 10 kW | $2.95 | $20,650 | $18,322 | 13.2 years |
| 12 kW | $2.89 | $24,284 | $22,482 | 13.0 years |
| 14 kW | $2.83 | $27,754 | $26,807 | 12.7 years |
| 16 kW | $2.77 | $31,058 | $31,298 | 12.5 years |
| 18 kW | $2.71 | $34,196 | $35,953 | 12.2 years |
| 20 kW | $2.66 | $37,170 | $40,774 | 11.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before you sign a contract with a solar installer, make sure you look it over fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Installation Process: When making the switch to solar energy, it's crucial to maintain an open line of communication with your solar panel company. Make sure you understand how the installation process works and the project timeline.
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 Greenport, NY Solar Cost FAQs
How much does it cost to install solar panels in Greenport?
The average cost of solar panels in Greenport is about $14,750 for a 5-kW system and $29,500 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.
Should I lease or buy solar panels in Greenport?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $779.44 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use 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.