Solar Panel Cost Guide in Harrietstown, NY (2023 Update)
- Harrietstown Solar Installation Cost: $9,966
- 25-Year Savings: $5,889
- Payback Period: 15.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Harrietstown
We break down average solar pricing in Harrietstown.
The average cost of solar panels in Harrietstown is 2.95 per watt. The average Harrietstown homeowner needs a 4.8-kilowatt system, which would cost about $9,974 with the federal tax credit, or $14,263 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary depending on a few factors, such as how many panels you need, your energy usage and what installation company you go with. For most homeowners, the upfront cost of solar is worth paying. On average Harrietstown homeowners see about $12,000 in savings on energy bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Harrietstown
| Year | Return on Investment |
|---|---|
| 1 years | $-9,913 |
| 3 years | $-9,807 |
| 5 years | $-9,702 |
| 7 years | $-9,596 |
| 9 years | $-9,490 |
| 11 years | $-9,384 |
| 13 years | $-9,279 |
| 15 years | $-9,173 |
| 17 years | $-9,067 |
| 19 years | $-8,962 |
| 21 years | $-8,856 |
| 23 years | $-8,750 |
| 25 years | $-8,645 |
Top Solar Installers in Harrietstown
When going solar, many homeowners opt to hire a solar installation company since installing a solar system yourself can be a time-consuming project. Plus, if you aren't sure what kind of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Harrietstown:
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 Harrietstown
Factors that Affect Solar Panel Costs in Harrietstown
The cost of installing a solar system in Harrietstown 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 the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,950. The type of 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. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Harrietstown average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Harrietstown homeowners decide to finance their solar panel systems to offset upfront costs. 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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Harrietstown, you'll have many options to choose from, but each comes at different price points for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $3.07 | $12,886 | $6,826 | 16.3 years |
| 8 kW | $3.01 | $16,850 | $9,432 | 16.0 years |
| 10 kW | $2.95 | $20,650 | $12,203 | 15.7 years |
| 12 kW | $2.89 | $24,284 | $15,139 | 15.4 years |
| 14 kW | $2.83 | $27,754 | $18,241 | 15.1 years |
| 16 kW | $2.77 | $31,058 | $21,508 | 14.8 years |
| 18 kW | $2.71 | $34,196 | $24,939 | 14.5 years |
| 20 kW | $2.66 | $37,170 | $28,536 | 14.1 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about 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 Harrietstown, NY Solar Cost FAQs
How much does it cost to install solar panels in Harrietstown?
This is a tough question to answer precisely, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Harrietstown?
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 option if you want to get the most savings.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Harrietstown is currently $146,786, which means you can look forward to a value of about $6,018 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Harrietstown is a fruitful investment.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.