Solar Panel Cost Guide in Lewisboro, NY (2023 Update)
- Lewisboro Solar Installation Cost: $8,645
- 25-Year Savings: $10,275
- Payback Period: 11.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lewisboro
Here's how much it might cost to install solar panels in Lewisboro.
The national average cost of solar panels is $2.66 per watt, but in Lewisboro it's 2.95 per watt. The average solar panel system size in Lewisboro is around 4.2 kilowatts, meaning a cost of about $8,652 for a solar installation, or $12,372 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what installation company you go with. For many homeowners, the upfront investment in solar is worth paying. On average Lewisboro homeowners see about $17,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Lewisboro
| Year | Return on Investment |
|---|---|
| 1 years | $-7,468 |
| 3 years | $-5,113 |
| 5 years | $-2,759 |
| 7 years | $-405 |
| 9 years | $1,950 |
| 11 years | $4,304 |
| 13 years | $6,659 |
| 15 years | $9,013 |
| 17 years | $11,367 |
| 19 years | $13,722 |
| 21 years | $16,076 |
| 23 years | $18,430 |
| 25 years | $20,785 |
Top Solar Installers in Lewisboro
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with a solar panel installer can make switching to solar power much easier. Another upside of utilizing a solar installer is that they can help you maximize your ROI by reducing your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our suggestions 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
See all of the solar companies in Lewisboro
Factors that Affect Solar Panel Costs in Lewisboro
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 does the installation.
Solar Equipment
When it comes to estimating the price of a solar panel system in Lewisboro, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past power bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down 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, higher efficiency could save you more over time on your power bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Lewisboro average.
Solar Financing Terms
Most solar installers in Lewisboro provide solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of financing options, 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 more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Lewisboro, you'll have many options to choose from, but each comes at different price points for labor and equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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 | $3.07 | $12,886 | $14,231 | 11.9 years |
| 8 kW | $3.01 | $16,850 | $19,305 | 11.7 years |
| 10 kW | $2.95 | $20,650 | $24,544 | 11.4 years |
| 12 kW | $2.89 | $24,284 | $29,949 | 11.2 years |
| 14 kW | $2.83 | $27,754 | $35,519 | 11.0 years |
| 16 kW | $2.77 | $31,058 | $41,253 | 10.7 years |
| 18 kW | $2.71 | $34,196 | $47,153 | 10.5 years |
| 20 kW | $2.66 | $37,170 | $53,219 | 10.3 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:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one sign of a quality company.
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 Lewisboro, NY Solar Cost FAQs
How much does it cost to install solar panels in Lewisboro?
The average cost of solar panels in Lewisboro is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Lewisboro?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How much can I save on electricity bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Lewisboro, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.