Solar Panel Cost Guide in Groveland, NY (2023 Update)
- Groveland Solar Installation Cost: $9,623
- 25-Year Savings: $6,178
- Payback Period: 15.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Groveland
Let's have a look at the average cost of solar panels in Groveland.
The average cost of solar panels in Groveland is 2.95 per watt. Since a 4.7-kW system is needed to cover the energy usage of a typical home in Groveland, the average price of going solar will be about $9,623 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Groveland homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in Groveland see about $13,000 in savings on energy bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Groveland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,991 |
| 3 years | $-7,727 |
| 5 years | $-6,463 |
| 7 years | $-5,199 |
| 9 years | $-3,935 |
| 11 years | $-2,671 |
| 13 years | $-1,407 |
| 15 years | $-143 |
| 17 years | $1,121 |
| 19 years | $2,385 |
| 21 years | $3,650 |
| 23 years | $4,914 |
| 25 years | $6,178 |
Top Solar Installers in Groveland
Putting up solar panels yourself can be a time-consuming task, which is why getting a solar installation company is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Groveland
Factors that Affect Solar Panel Costs in Groveland
Even though the average cost of a solar system in Groveland is $9,623, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are many different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Groveland provide solar loans, which reduce your upfront costs of installing solar. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only 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 finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Groveland is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services for different budgets. Additionally, some companies in Groveland have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $7,459 | 15.8 years |
| 8 kW | $3.01 | $16,850 | $10,276 | 15.5 years |
| 10 kW | $2.95 | $20,650 | $13,258 | 15.2 years |
| 12 kW | $2.89 | $24,284 | $16,405 | 14.9 years |
| 14 kW | $2.83 | $27,754 | $19,717 | 14.6 years |
| 16 kW | $2.77 | $31,058 | $23,195 | 14.3 years |
| 18 kW | $2.71 | $34,196 | $26,838 | 14.0 years |
| 20 kW | $2.66 | $37,170 | $30,646 | 13.7 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
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 Groveland, NY Solar Cost FAQs
What is the average cost of installing solar panels in Groveland?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Groveland?
A solar panel system isn't free in Groveland, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Groveland is currently $127,852, so you could be looking at a value of about $5,242 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Groveland is a worthwhile investment.
How long do solar panels last in Groveland?
Although 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 the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had 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.