Solar Panel Cost Guide in Kingsbury, NY (2023 Update)
- Kingsbury Solar Installation Cost: $9,507
- 25-Year Savings: $6,419
- Payback Period: 14.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Kingsbury
We go over average solar pricing in Kingsbury.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Kingsbury, the typical cost of solar panels is 2.95 per watt. Because a 4.6-kW system is needed to cover the energy usage of a typical home in Kingsbury, the average price of going solar will be about $9,499 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar system you want, your solar contractor and more. But, once you've paid the initial cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $13,000 over 20 years on power bills.
Click the button below to get connected to a top solar company in your area for a customized quote.
Solar savings over time in Kingsbury
| Year | Return on Investment |
|---|---|
| 1 years | $-9,454 |
| 3 years | $-9,348 |
| 5 years | $-9,242 |
| 7 years | $-9,135 |
| 9 years | $-9,029 |
| 11 years | $-8,923 |
| 13 years | $-8,817 |
| 15 years | $-8,711 |
| 17 years | $-8,605 |
| 19 years | $-8,498 |
| 21 years | $-8,392 |
| 23 years | $-8,286 |
| 25 years | $-8,180 |
Top Solar Installers in Kingsbury
Many homeowners decide to hire a solar installer since trying to put up solar panels yourself can be a labor-intensive endeavor. Also, companies with a high reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in Kingsbury:
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 Kingsbury
Factors that Affect Solar Panel Costs in Kingsbury
Though the average cost of a solar system in Kingsbury is $9,499, your final cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,950 per kilowatt in Kingsbury. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Kingsbury, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Kingsbury to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to paying more over time because of interest. While solar loans make switching to solar energy more accessible for Kingsbury homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you select will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — 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 go with the company that offers the products, warranties and services you want and also fit into 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 | $7,869 | 15.5 years |
| 8 kW | $3.01 | $16,850 | $10,823 | 15.2 years |
| 10 kW | $2.95 | $20,650 | $13,941 | 14.9 years |
| 12 kW | $2.89 | $24,284 | $17,225 | 14.6 years |
| 14 kW | $2.83 | $27,754 | $20,674 | 14.3 years |
| 16 kW | $2.77 | $31,058 | $24,288 | 14.0 years |
| 18 kW | $2.71 | $34,196 | $28,068 | 13.7 years |
| 20 kW | $2.66 | $37,170 | $32,013 | 13.4 years |
How to Save on Solar Panels
There are numerous companies to choose from in Kingsbury, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
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 Kingsbury, NY Solar Cost FAQs
How much does it cost to install solar panels in Kingsbury?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Kingsbury?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Does Kingsbury have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can 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.