Solar Panel Cost Guide in Mamakating, NY (2023 Update)
- Mamakating Solar Installation Cost: $9,081
- 25-Year Savings: $14,152
- Payback Period: 9.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mamakating
We go over average solar pricing in Mamakating.
The national average cost of solar panels is $2.66 per watt, but in Mamakating it's 2.95 per watt. Using this figure, a typical 4.4-kW system would cost about $9,086 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 panel system. The exact cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with. With typical savings of about $20,000 on utility bills over 20 years, many homeowners in Mamakating find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Mamakating that can help you get a more accurate cost estimate for your home.
Solar savings over time in Mamakating
| Year | Return on Investment |
|---|---|
| 1 years | $-7,768 |
| 3 years | $-5,143 |
| 5 years | $-2,518 |
| 7 years | $107 |
| 9 years | $2,733 |
| 11 years | $5,358 |
| 13 years | $7,983 |
| 15 years | $10,608 |
| 17 years | $13,234 |
| 19 years | $15,859 |
| 21 years | $18,484 |
| 23 years | $21,109 |
| 25 years | $23,735 |
Top Solar Installers in Mamakating
Although you can install solar panels yourself, it involves extra labor and knowledge. Because of that, most homeowners choose to go with a solar panel installer. Some solar installers, particularly local ones, can help you better understand incentives in Mamakating, therefore optimizing your ROI.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some 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 Mamakating
Factors that Affect Solar Panel Costs in Mamakating
The cost of installing a solar system in Mamakating can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,950. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Mamakating, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your total costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Mamakating is the company you choose to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services for different budgets. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, 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 | $18,814 | 10.2 years |
| 8 kW | $3.01 | $16,850 | $25,415 | 10.0 years |
| 10 kW | $2.95 | $20,650 | $32,182 | 9.8 years |
| 12 kW | $2.89 | $24,284 | $39,114 | 9.6 years |
| 14 kW | $2.83 | $27,754 | $46,211 | 9.4 years |
| 16 kW | $2.77 | $31,058 | $53,473 | 9.2 years |
| 18 kW | $2.71 | $34,196 | $60,901 | 9.0 years |
| 20 kW | $2.66 | $37,170 | $68,494 | 8.8 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose significantly influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which installer you should opt for, since different companies have different panels.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of 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 positive reviews from past customers.
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 Mamakating, NY Solar Cost FAQs
How much does it cost to install solar panels in Mamakating?
The average cost of solar panels in Mamakating is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Mamakating?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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.
Can you sell solar power back to the grid in Mamakating?
The majority of states offer 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 energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can 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.