Solar Panel Cost Guide in Islip, NY (Feb 2023)
- Islip Solar Installation Cost: $8,033
- 25-Year Savings: $14,338
- Payback Period: 9.0 Years
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Top Solar Installers in Islip
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of an installer can make converting to solar power much easier. Some solar installers, especially local ones, can help you take advantage of incentives in Islip, optimizing your ROI.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Islip
Factors that Affect Solar Panel Costs in Islip
For many Islip homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Islip, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
When it comes to estimating the price of a solar system in Islip, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down 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. On the other hand, 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 bring your total well above the Islip average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the amount of 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Islip, you'll have many options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Islip have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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||$3.07||$12,886||$21,650||9.3 years|
|8 kW||$3.01||$16,850||$29,197||9.1 years|
|10 kW||$2.95||$20,650||$36,909||9.0 years|
|12 kW||$2.89||$24,284||$44,786||8.8 years|
|14 kW||$2.83||$27,754||$52,829||8.6 years|
|16 kW||$2.77||$31,058||$61,037||8.4 years|
|18 kW||$2.71||$34,196||$69,410||8.3 years|
|20 kW||$2.66||$37,170||$77,948||8.1 years|
How to Save on Solar Panels
Since the type of solar panels and the installer you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It's important to read your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- 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.
- Reputation: Companies that have been in business for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
EcoWatch's Islip, 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.