Solar Panel Cost Guide in Haverstraw, NY (2023 Update)

  • Haverstraw Solar Installation Cost: $10,838
  • 25-Year Savings: $18,340
  • Payback Period: 10.0 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 Haverstraw

Find out what the average cost of a solar system is in Haverstraw.

In Haverstraw, solar panels cost about 4 per watt on average.The average solar panel system size in Haverstraw is around 4.2 kilowatts, meaning a cost of about $10,838 for a solar installation, or $15,498 before the 0 federal solar tax credit is applied.

These figures are just averages, and the cost of going solar for you may differ based on your specific situation and what company you want to go with.For most homeowners, the upfront cost of solar panels is worth paying. On average Haverstraw homeowners see about $24,000 in savings on energy bills over 20 years.

To get a free estimate from a highly rated solar installation company in Haverstraw, you can click the button below.

Solar savings over time in Haverstraw

Year Return on Investment
1 years $-9,497
3 years $-6,815
5 years $-4,133
7 years $-1,452
9 years $1,230
11 years $3,912
13 years $6,594
15 years $9,275
17 years $11,957
19 years $14,639
21 years $17,320
23 years $20,002
25 years $22,684

Top Solar Installers in Haverstraw

When making the switch to solar, many homeowners opt to hire a solar installer since installing a solar system yourself can be a time-consuming project. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for your family.

If you're searching for a solar installer in Haverstraw, the EcoWatch team has put together a list of our top suggestions here:

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Haverstraw

Factors that Affect Solar Panel Costs in Haverstraw

There are a number of criteria 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 installs your solar system.

Solar Equipment

The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,650. The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Haverstraw homeowners opt to finance their solar panel systems to make paying for solar more affordable.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.

Solar Panel Installation Company

A final consideration when trying to estimate the cost of solar for your home or business in Haverstraw is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that offer a range of services for different budgets.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk prices, 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 $3.80 $15,943 $22,389 10.4 years
8 kW $3.72 $20,849 $30,260 10.2 years
10 kW $3.65 $25,550 $38,336 10.0 years
12 kW $3.58 $30,047 $46,617 9.8 years
14 kW $3.50 $34,339 $55,102 9.6 years
16 kW $3.43 $38,427 $63,791 9.4 years
18 kW $3.36 $42,311 $72,685 9.2 years
20 kW $3.29 $45,990 $81,783 9.0 years

How to Save on Solar Panels

Since the model of solar panels and the installation company you choose considerably affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Contract: It’s important to read through your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
  • Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.

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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Haverstraw, NY Solar Cost FAQs

How much does it cost to install solar panels in Haverstraw?

This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 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 needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

What other factors should I consider aside from cost when buying solar panels?

The initial cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.

How much can I save on power bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $1,277.73 per year.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy usage 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.

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