Solar Panel Cost Guide in Hopewell, NY (Jan 2023)
- Hopewell Solar Installation Cost: $9,520
- 25-Year Savings: $6,699
- Payback Period: 14.7 Years
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Top Solar Installers in Hopewell
Many homeowners decide to use a solar installer since figuring out how to install solar panels yourself can be time-consuming. Some solar installers, especially local ones, can help you make the most of incentives in Hopewell, thereby optimizing your ROI.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Hopewell
Factors that Affect Solar Panel Costs in Hopewell
There are many criteria that can influence your total 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.
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The kind 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. However, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Hopewell average.
Solar Financing Terms
Most solar companies in Hopewell offer solar loans, which reduce your upfront costs of installing solar. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the growing popularity of green energy solutions in Hopewell, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that has the products, warranties and services you want and also is within your budget.
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||$8,226||15.3 years|
|8 kW||$3.01||$16,850||$11,299||15.0 years|
|10 kW||$2.95||$20,650||$14,537||14.7 years|
|12 kW||$2.89||$24,284||$17,940||14.4 years|
|14 kW||$2.83||$27,754||$21,508||14.1 years|
|16 kW||$2.77||$31,058||$25,241||13.8 years|
|18 kW||$2.71||$34,196||$29,140||13.5 years|
|20 kW||$2.66||$37,170||$33,204||13.2 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 pick the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The brand of solar panel you need to install plays a role in which company you should opt for, since different companies offer different panels.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
EcoWatch's Hopewell, NY Solar Cost FAQs
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.