Solar Panel Cost Guide in Lewisboro, NY (Mar 2023)
- Lewisboro Solar Installation Cost: $8,652
- 25-Year Savings: $10,268
- Payback Period: 11.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lewisboro
We break down average solar pricing in Lewisboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lewisboro, the average cost of solar panels is 2.95 per watt. To account for the typical energy needs of the average home in Lewisboro, most homeowners require a 4.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $8,652, or $12,372 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs will most likely look different based on your specific situation and what company you want to go with. Even with the high upfront cost, the average Lewisboro homeowner can save about $17,000 on their energy bills over 20 years, which is one of the advantages of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Lewisboro
| Year | Return on Investment |
|---|---|
| 1 years | $-7,896 |
| 3 years | $-6,382 |
| 5 years | $-4,868 |
| 7 years | $-3,355 |
| 9 years | $-1,841 |
| 11 years | $-328 |
| 13 years | $1,186 |
| 15 years | $2,700 |
| 17 years | $4,213 |
| 19 years | $5,727 |
| 21 years | $7,240 |
| 23 years | $8,754 |
| 25 years | $10,268 |
Top Solar Installers in Lewisboro
Although it's possible to install solar panels by yourself, it involves extra effort and expertise. That's why most homeowners choose to go with a solar panel installer. Plus, if you'd like to maximize your investment in solar, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
If you'd like to switch to solar energy but still aren't certain which solar system company to go with, here are our recommendations for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Lewisboro
Factors that Affect Solar Panel Costs in Lewisboro
Though the average cost of a solar system in Lewisboro is $8,652, your actual cost may be above or below the average. 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Lewisboro, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Lewisboro offer solar loans, which reduce your upfront costs of installing solar panels. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can affect the cost. Lewisboro's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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
Since the brand of solar panels and the installation company you choose greatly impacts your costs and your system's durability and efficiency, 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 through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 certain factors 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 are unable to pay upfront or get 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.
Is it worth going solar in Lewisboro?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.