Solar Panel Cost Guide in Lewisboro, NY (Nov 2022)

  • Lewisboro Solar Installation Cost: $8,652
  • 25-Year Savings: $10,268
  • Payback Period: 11.4 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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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 $3 per watt. Because a 4.2-kW system is needed to cover the energy consumption of a typical home in Lewisboro, the average price of going solar will be about $8,652 before claiming the federal solar tax credit of 30%.

These figures are just averages, and the cost of going solar for you will most likely look different based on factors unique to your home and what company you want to go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite good, with a net average savings of about $17,000 over 20 years on power bills.

To calculate your potential ROI and connect with a local solar expert, 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

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Taking advantage of a solar company can make swapping over to solar power much easier. The payback period of solar panels will vary depending on factors like your location and energy usage, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

There are a number of criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size. Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Most solar installers in Lewisboro have solar loans, which reduce the initial cost of installing solar. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

The solar installer you pick will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 numerous companies available in Lewisboro, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
  • Contract: Before signing a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
  • Warranty: If you're worried about the longevity of your solar panel system, checking your company offers a 25-year, all-inclusive warranty can give you some peace of mind.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

What is the average cost of installing 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Lewisboro?

Solar panels aren't free in Lewisboro, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

How will solar panels impact how much my home is worth?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lewisboro is currently $679,327, so you can look forward to a value of about $27,852 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lewisboro is a fruitful investment.

How many solar panels should I get to power my home?

The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 buy 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.

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