Solar Panel Cost Guide in Lenox, NY (2024 Update)
- Lenox Solar Installation Cost: $11,795
- 25-Year Savings: $6,111
- Payback Period: 18.8 Years
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Average Cost of Solar Panels in Lenox
Let’s take a look at the average cost of solar panels in Lenox.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lenox, the average cost of solar panels is 4 per watt.The average solar panel system size in Lenox is around 4.6 kilowatts, meaning a cost of about $11,795 for a solar installation, or $16,867 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in Lenox based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Lenox can save around $13,000 on their power bills over 20 years.
You can click the button below to get connected with a top solar installer in Lenox that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lenox
| Year | Return on Investment |
|---|---|
| 1 years | $-10,928 |
| 3 years | $-9,193 |
| 5 years | $-7,459 |
| 7 years | $-5,724 |
| 9 years | $-3,990 |
| 11 years | $-2,255 |
| 13 years | $-521 |
| 15 years | $1,214 |
| 17 years | $2,948 |
| 19 years | $4,683 |
| 21 years | $6,417 |
| 23 years | $8,152 |
| 25 years | $9,886 |
Top Solar Installers in Lenox
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Taking advantage of a solar company can make converting to solar power much easier. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
If you’d like to make the switch to solar but still aren’t certain which solar system installer to go with, here are our recommendations for providers nearby:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Lenox
Factors that Affect Solar Panel Costs in Lenox
While the average cost of a solar system in Lenox is $11,795, your final 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 solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Lenox provide solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also adds to your total costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The company’s size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $4,389 | 19.6 years |
| 8 kW | $3.72 | $20,849 | $6,261 | 19.2 years |
| 10 kW | $3.65 | $25,550 | $8,337 | 18.8 years |
| 12 kW | $3.58 | $30,047 | $10,618 | 18.5 years |
| 14 kW | $3.50 | $34,339 | $13,103 | 18.1 years |
| 16 kW | $3.43 | $38,427 | $15,793 | 17.7 years |
| 18 kW | $3.36 | $42,311 | $18,687 | 17.3 years |
| 20 kW | $3.29 | $45,990 | $21,785 | 17.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer’s reputation is by reading reviews.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Lenox, NY Solar Cost FAQs
What is the average cost of installing solar panels in Lenox?
This is a difficult question to answer precisely, 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 cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Lenox have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
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 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 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.