Solar Panel Cost Guide in Heritage Hills, NY (2024 Update)
- Heritage Hills Solar Installation Cost: $10,696
- 25-Year Savings: $6,155
- Payback Period: 18.1 Years
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Average Cost of Solar Panels in Heritage Hills
Find out what the average cost of solar panel installation is in Heritage Hills.
The average cost of solar panels in Heritage Hills is 4 per watt.Using this figure, a typical 4.2-kW system would cost about $10,696 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Heritage Hills depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $13,000 in savings on utility bills over 20 years.
To receive a free estimate from a pre-vetted solar company in Heritage Hills, you can click the button below.
Solar savings over time in Heritage Hills
Year | Return on Investment |
---|---|
1 years | $-9,870 |
3 years | $-8,218 |
5 years | $-6,566 |
7 years | $-4,915 |
9 years | $-3,263 |
11 years | $-1,611 |
13 years | $41 |
15 years | $1,693 |
17 years | $3,345 |
19 years | $4,996 |
21 years | $6,648 |
23 years | $8,300 |
25 years | $9,952 |
Top Solar Installers in Heritage Hills
Many homeowners opt for a solar installer since trying to install solar panels by yourself can be a lot of work. Some solar companies, particularly local ones, can help you take advantage of incentives in Heritage Hills, therefore optimizing your ROI.
If you’d like to switch to solar energy but still aren’t sure which solar panel company to go with, here are our suggestions for providers in Heritage Hills:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- 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 Heritage Hills
Factors that Affect Solar Panel Costs in Heritage Hills
The cost of installing a solar system in Heritage Hills can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,650. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Heritage Hills, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular choice because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.Though solar loans make going solar more accessible for Heritage Hills homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a role in determining the cost. Heritage Hills’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Heritage Hills have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $3.80 | $15,943 | $5,269 | 18.8 years |
8 kW | $3.72 | $20,849 | $7,434 | 18.4 years |
10 kW | $3.65 | $25,550 | $9,803 | 18.1 years |
12 kW | $3.58 | $30,047 | $12,377 | 17.7 years |
14 kW | $3.50 | $34,339 | $15,155 | 17.3 years |
16 kW | $3.43 | $38,427 | $18,138 | 17.0 years |
18 kW | $3.36 | $42,311 | $21,325 | 16.6 years |
20 kW | $3.29 | $45,990 | $24,716 | 16.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: If you’re worried about the longevity of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Heritage Hills, NY Solar Cost FAQs
What is the average cost of installing solar panels in Heritage Hills?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally 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 cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Are solar panels free in Heritage Hills?
You can’t get solar panels for free in Heritage Hills. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.