Solar Panel Cost Guide in Mahopac, NY (2023 Update)
- Mahopac Solar Installation Cost: $8,921
- 25-Year Savings: $5,879
- Payback Period: 15.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Mahopac
We go over average solar pricing in Mahopac.
In Mahopac, solar panels cost about 2.95 per watt on average. Using this figure, a typical 4.3-kW system would cost about $8,921 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what solar installer you go with. With typical savings of about $13,000 on utility bills over 20 years, many homeowners in Mahopac find investing in solar has a decent ROI.
Click the button below to get connected to a top solar panel company in your area for a personalized estimate.
Solar savings over time in Mahopac
| Year | Return on Investment |
|---|---|
| 1 years | $-8,329 |
| 3 years | $-7,145 |
| 5 years | $-5,961 |
| 7 years | $-4,777 |
| 9 years | $-3,593 |
| 11 years | $-2,409 |
| 13 years | $-1,225 |
| 15 years | $-41 |
| 17 years | $1,143 |
| 19 years | $2,327 |
| 21 years | $3,511 |
| 23 years | $4,695 |
| 25 years | $5,879 |
Top Solar Installers in Mahopac
Although you can install solar panels on your own, it takes extra energy and handiness. That's one of the reasons almost all homeowners choose a solar panel installer. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're searching for a solar installer in Mahopac, we've put together a list of our top suggestions here:
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 Mahopac
Factors that Affect Solar Panel Costs in Mahopac
For many Mahopac homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Mahopac, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Mahopac. The type of solar equipment you choose can increase or decrease your cost 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, more efficient panels could save you more over time on your energy bills. In addition, add-on products, like solar batteries, can bump up your total well above the Mahopac average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Mahopac, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your overall costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Mahopac, you'll have many options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $7,662 | 15.7 years |
| 8 kW | $3.01 | $16,850 | $10,547 | 15.4 years |
| 10 kW | $2.95 | $20,650 | $13,596 | 15.1 years |
| 12 kW | $2.89 | $24,284 | $16,811 | 14.8 years |
| 14 kW | $2.83 | $27,754 | $20,191 | 14.5 years |
| 16 kW | $2.77 | $31,058 | $23,736 | 14.2 years |
| 18 kW | $2.71 | $34,196 | $27,447 | 13.9 years |
| 20 kW | $2.66 | $37,170 | $31,322 | 13.6 years |
How to Save on Solar Panels
There are many companies available in Mahopac, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Different companies have various brands and types of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
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 Mahopac, NY Solar Cost FAQs
How much does it cost to install solar panels in Mahopac?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Mahopac?
You can't get solar panels for free in Mahopac. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Mahopac?
Solar panels can be a fruitful investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Mahopac?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.