Solar Panel Cost Guide in Manorville, NY (2023 Update)
- Manorville Solar Installation Cost: $8,026
- 25-Year Savings: $14,345
- Payback Period: 9.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Manorville
See how much it might cost to make the switch to solar in Manorville.
While the national average of solar panels is $2.66 per watt, solar panels in Manorville generally cost around 2.95. To account for the typical energy needs of the average home in Manorville, most homeowners require a 3.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $8,033, or $11,487 before the federal solar tax credit of 30% is applied.
The true cost of your system can be higher or lower than the average in Manorville based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. With typical savings of about $22,000 on power bills over 20 years, many homeowners in Manorville find installing solar panels has a decent ROI.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Manorville
| Year | Return on Investment |
|---|---|
| 1 years | $-6,500 |
| 3 years | $-3,450 |
| 5 years | $-399 |
| 7 years | $2,652 |
| 9 years | $5,702 |
| 11 years | $8,753 |
| 13 years | $11,804 |
| 15 years | $14,854 |
| 17 years | $17,905 |
| 19 years | $20,956 |
| 21 years | $24,007 |
| 23 years | $27,057 |
| 25 years | $30,108 |
Top Solar Installers in Manorville
Many homeowners choose to use a solar panel installer since trying to put up solar panels on your own can be a lot of work. Another upside of using a solar company is that they can help you optimize your investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
Working with a vetted solar installer can help you make the most of your investment in solar. 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
See all of the solar companies in Manorville
Factors that Affect Solar Panel Costs in Manorville
For many Manorville homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Manorville, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,950. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, 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 Manorville to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. However, the interest on solar loans also adds to your all-in costs, so it's important to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Manorville is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for example, you'll have many options for solar installers that provide a range of services for different budgets. The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $21,650 | 9.3 years |
| 8 kW | $3.01 | $16,850 | $29,197 | 9.1 years |
| 10 kW | $2.95 | $20,650 | $36,909 | 9.0 years |
| 12 kW | $2.89 | $24,284 | $44,786 | 8.8 years |
| 14 kW | $2.83 | $27,754 | $52,829 | 8.6 years |
| 16 kW | $2.77 | $31,058 | $61,037 | 8.4 years |
| 18 kW | $2.71 | $34,196 | $69,410 | 8.3 years |
| 20 kW | $2.66 | $37,170 | $77,948 | 8.1 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the kinds 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:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
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 Manorville, NY Solar Cost FAQs
What is the average cost of installing solar panels in Manorville?
The average cost of solar panels in Manorville 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Manorville?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Manorville is currently $323,094, which means you can expect a value of about $13,247 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Manorville is a worthwhile investment.
How long do solar panels last in Manorville?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.