Solar Panel Cost Guide in Lyncourt, NY (2023 Update)
- Lyncourt Solar Installation Cost: $9,561
- 25-Year Savings: $6,646
- Payback Period: 14.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Lyncourt
See how much it might cost to make the switch to solar in Lyncourt.
In Lyncourt, solar panels cost about 2.95 per watt on average. Using this figure, a typical 4.6-kW system would cost about $9,561 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely look different based on factors unique to your home and what company you want to go with. For most homeowners, the upfront investment in solar panels is worth paying. On average Lyncourt homeowners see about $13,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Lyncourt that can help you get a more accurate cost estimate for your home.
Solar savings over time in Lyncourt
| Year | Return on Investment |
|---|---|
| 1 years | $-8,913 |
| 3 years | $-7,616 |
| 5 years | $-6,320 |
| 7 years | $-5,023 |
| 9 years | $-3,726 |
| 11 years | $-2,430 |
| 13 years | $-1,133 |
| 15 years | $163 |
| 17 years | $1,460 |
| 19 years | $2,756 |
| 21 years | $4,053 |
| 23 years | $5,349 |
| 25 years | $6,646 |
Top Solar Installers in Lyncourt
Although it's possible to install solar panels on your own, it requires extra energy and know-how. That's why the majority of homeowners choose a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you choose which one will be best for your family.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Lyncourt
Factors that Affect Solar Panel Costs in Lyncourt
Although the average cost of a solar system in Lyncourt is $9,561, your final cost may be above or below the average. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Lyncourt. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space 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 additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Lyncourt to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time because of interest. 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Lyncourt is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that provide a range of services for different budgets. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to 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 | $8,108 | 15.3 years |
| 8 kW | $3.01 | $16,850 | $11,141 | 15.0 years |
| 10 kW | $2.95 | $20,650 | $14,339 | 14.8 years |
| 12 kW | $2.89 | $24,284 | $17,703 | 14.5 years |
| 14 kW | $2.83 | $27,754 | $21,231 | 14.2 years |
| 16 kW | $2.77 | $31,058 | $24,925 | 13.9 years |
| 18 kW | $2.71 | $34,196 | $28,784 | 13.6 years |
| 20 kW | $2.66 | $37,170 | $32,808 | 13.3 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Installation Process: When making the switch to solar energy, it's essential to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Contract: Review the contract terms carefully to make sure you understand the overall cost, completion timeline incentives and warranties.
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 Lyncourt, NY Solar Cost FAQs
How much does it cost to install solar panels in Lyncourt?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Lyncourt have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.