Solar Panel Cost Guide in Hampton Bays, NY (2024 Update)

  • Hampton Bays Solar Installation Cost: $9,930
  • 25-Year Savings: $14,345
  • Payback Period: 11.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Hampton Bays

Let’s have a look at the average cost of solar panels in Hampton Bays.

In Hampton Bays, solar panels cost about 4 per watt on average.Because a 3.9-kW system is needed to cover the energy needs of a typical home in Hampton Bays, the average price of going solar will be about $9,930 after claiming the federal solar tax credit of 0.

Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you want to get, your solar contractor and more.Despite the high initial cost, the average Hampton Bays homeowner can save about $22,000 on their energy bills over 20 years, which is one of the benefits of solar.

To get a free quote from a top solar installer in Hampton Bays, you can click the button below.

Solar savings over time in Hampton Bays

Year Return on Investment
1 years $-8,405
3 years $-5,354
5 years $-2,303
7 years $747
9 years $3,798
11 years $6,849
13 years $9,899
15 years $12,950
17 years $16,001
19 years $19,051
21 years $22,102
23 years $25,153
25 years $28,204

Top Solar Installers in Hampton Bays

Many homeowners opt for a solar installer since installing solar panels by yourself can be time-consuming. Another good thing about choosing a top solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.

Working with a vetted solar installer can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Hampton Bays

Factors that Affect Solar Panel Costs in Hampton Bays

The cost of installing a solar system in Hampton Bays can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.

Solar Equipment

When it comes to estimating the price of a solar energy system in Hampton Bays, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can figure out by looking at past power bills. Your overall cost can increase by around $3,650 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Hampton Bays, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 Hampton Bays 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 drastically decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The solar company you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.

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 $18,592 11.5 years
8 kW $3.72 $20,849 $25,198 11.3 years
10 kW $3.65 $25,550 $32,009 11.1 years
12 kW $3.58 $30,047 $39,024 10.9 years
14 kW $3.50 $34,339 $46,243 10.7 years
16 kW $3.43 $38,427 $53,667 10.4 years
18 kW $3.36 $42,311 $61,295 10.2 years
20 kW $3.29 $45,990 $69,128 10.0 years

How to Save on Solar Panels

The solar panel company you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
  • Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
  • Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar company you’re considering has it.
  • Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Hampton Bays, NY Solar Cost FAQs

How much does it cost to install solar panels in Hampton Bays?

The average cost of solar panels in Hampton Bays 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Hampton Bays?

Leasing solar panels can be an appealing choice, as 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 solar panels significantly reduce my power bills?

Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,151.18 per year.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.

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