Solar Panel Cost Guide in Hamptonburgh, NY (2023 Update)
- Hamptonburgh Solar Installation Cost: $8,941
- 25-Year Savings: $14,730
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hamptonburgh
We go over average solar pricing in Hamptonburgh.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hamptonburgh, the typical cost of a solar system is 2.95 per watt. The average solar panel system size in Hamptonburgh is around 4.3 kilowatts, meaning a cost of about $8,941 for a solar installation, or $12,786 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of going solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what solar installer you go with. For many homeowners, the upfront cost of solar panels is worth paying. On average Hamptonburgh homeowners see about $21,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Hamptonburgh that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hamptonburgh
| Year | Return on Investment |
|---|---|
| 1 years | $-7,995 |
| 3 years | $-6,101 |
| 5 years | $-4,207 |
| 7 years | $-2,313 |
| 9 years | $-420 |
| 11 years | $1,474 |
| 13 years | $3,368 |
| 15 years | $5,261 |
| 17 years | $7,155 |
| 19 years | $9,049 |
| 21 years | $10,943 |
| 23 years | $12,836 |
| 25 years | $14,730 |
Top Solar Installers in Hamptonburgh
Putting up solar panels yourself can be a challenging project, which is why getting a solar installer is a good option for many homeowners. Another perk of going with a solar company is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
You can work with a local solar installer to get a free estimate on how much your investment in solar 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 Hamptonburgh
Factors that Affect Solar Panel Costs in Hamptonburgh
There are several criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of a solar panel system in Hamptonburgh, one of the most crucial 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 about $2,950 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Hamptonburgh to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time due to interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Hamptonburgh is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that provide a range of services for different budgets. You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, 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 | $3.07 | $12,886 | $19,932 | 9.8 years |
| 8 kW | $3.01 | $16,850 | $26,906 | 9.6 years |
| 10 kW | $2.95 | $20,650 | $34,046 | 9.4 years |
| 12 kW | $2.89 | $24,284 | $41,351 | 9.2 years |
| 14 kW | $2.83 | $27,754 | $48,821 | 9.1 years |
| 16 kW | $2.77 | $31,058 | $56,456 | 8.9 years |
| 18 kW | $2.71 | $34,196 | $64,256 | 8.7 years |
| 20 kW | $2.66 | $37,170 | $72,222 | 8.5 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Hamptonburgh, 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:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
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 Hamptonburgh, NY Solar Cost FAQs
How much does it cost to install solar panels in Hamptonburgh?
The average cost of solar panels in Hamptonburgh 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 kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Hamptonburgh?
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 offer you credit toward your future utility bills.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses 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 home 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.