Solar Panel Cost Guide in Kingsbury, NY (2024 Update)
- Kingsbury Solar Installation Cost: $11,763
- 25-Year Savings: $6,419
- Payback Period: 18.5 Years
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Average Cost of Solar Panels in Kingsbury
Find out what the average cost of solar panels are in Kingsbury.
The average cost of solar panels in Kingsbury is 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,763 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Kingsbury based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.For most homeowners, the upfront investment in solar is worth paying. On average Kingsbury homeowners see about $13,000 in savings on electricity bills over 20 years.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Kingsbury
| Year | Return on Investment |
|---|---|
| 1 years | $-10,875 |
| 3 years | $-9,099 |
| 5 years | $-7,323 |
| 7 years | $-5,548 |
| 9 years | $-3,772 |
| 11 years | $-1,996 |
| 13 years | $-220 |
| 15 years | $1,556 |
| 17 years | $3,332 |
| 19 years | $5,107 |
| 21 years | $6,883 |
| 23 years | $8,659 |
| 25 years | $10,435 |
Top Solar Installers in Kingsbury
Although it's possible to install solar panels on your own, it takes extra effort and expertise. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Some solar companies, particularly local ones, can help you make the most of incentives in Kingsbury, thereby optimizing your ROI.
If you’d like to make the switch to solar but still aren’t certain which solar panel company to go with, here are our recommendations for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Kingsbury
Factors that Affect Solar Panel Costs in Kingsbury
Even though the average cost of a solar system in Kingsbury is $11,763, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Kingsbury, one of the most crucial 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 power bills. Your overall cost can increase by around $3,650 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Kingsbury, where sunlight isn’t as 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 a solar system in cash is too expensive, solar loans are a solid route 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 total 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 more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact how much you pay. Kingsbury’s solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, 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 | $3.80 | $15,943 | $4,812 | 19.2 years |
| 8 kW | $3.72 | $20,849 | $6,824 | 18.8 years |
| 10 kW | $3.65 | $25,550 | $9,041 | 18.5 years |
| 12 kW | $3.58 | $30,047 | $11,463 | 18.1 years |
| 14 kW | $3.50 | $34,339 | $14,089 | 17.7 years |
| 16 kW | $3.43 | $38,427 | $16,919 | 17.4 years |
| 18 kW | $3.36 | $42,311 | $19,954 | 17.0 years |
| 20 kW | $3.29 | $45,990 | $23,193 | 16.6 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 models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Kingsbury, NY Solar Cost FAQs
What is the average cost of installing solar panels in Kingsbury?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Are solar panels free in Kingsbury?
You can’t get solar panels for free in Kingsbury. However, you may still be able to get 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.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $691.83 per year.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.