Solar Panel Cost Guide in Holland, NY (2023 Update)
- Holland Solar Installation Cost: $9,458
- 25-Year Savings: $5,342
- Payback Period: 16.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Holland
Here's how much it might cost to make the switch to solar in Holland.
The national average cost of solar panels is $2.66 per watt, but in Holland it's 2.95 per watt. To account for the typical energy usage of the average home in Holland, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $9,458, or $13,525 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Holland can save about $12,000 on their energy bills over 20 years.
To receive a free quote from a highly rated solar installer in Holland, you can click the button below.
Solar savings over time in Holland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,866 |
| 3 years | $-7,682 |
| 5 years | $-6,498 |
| 7 years | $-5,314 |
| 9 years | $-4,130 |
| 11 years | $-2,946 |
| 13 years | $-1,762 |
| 15 years | $-578 |
| 17 years | $606 |
| 19 years | $1,790 |
| 21 years | $2,974 |
| 23 years | $4,158 |
| 25 years | $5,342 |
Top Solar Installers in Holland
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be a labor-intensive endeavor. Some solar companies, especially local ones, can help you better understand incentives in Holland, therefore optimizing your ROI.
If you're looking for a solar installer in Holland, the EcoWatch team has compiled a list of our top suggestions here:
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 Holland
Factors that Affect Solar Panel Costs in Holland
Even though the average cost of a solar system in Holland is $9,458, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Holland average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Holland, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's a good idea 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 back the loan.
Solar Panel Installation Company
The solar company you choose will influence your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $6,513 | 16.6 years |
| 8 kW | $3.01 | $16,850 | $9,014 | 16.3 years |
| 10 kW | $2.95 | $20,650 | $11,681 | 16.0 years |
| 12 kW | $2.89 | $24,284 | $14,512 | 15.6 years |
| 14 kW | $2.83 | $27,754 | $17,509 | 15.3 years |
| 16 kW | $2.77 | $31,058 | $20,671 | 15.0 years |
| 18 kW | $2.71 | $34,196 | $23,999 | 14.7 years |
| 20 kW | $2.66 | $37,170 | $27,491 | 14.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The model of solar panel you'd like plays a part in which company you should opt for, since different companies offer different panels.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on repairs and maintenance.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, completion timeline rebates and warranties.
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 Holland, NY Solar Cost FAQs
How much does it cost to install solar panels in Holland?
This is a tough question to answer exactly, 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Holland?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels completely eradicate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Holland, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for 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 install 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.