Solar Panel Cost Guide in Mastic, NY (2024 Update)
- Mastic Solar Installation Cost: $9,930
- 25-Year Savings: $14,345
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Mastic
Let’s have a look at the average cost of solar panels in Mastic.
The national average cost of solar panels is $2.66 per watt, but in Mastic it’s 4 per watt.Because a 3.9-kW system is needed to cover the energy costs of a typical home in Mastic, the average price of going solar will be about $9,930 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.Even with the large initial cost, the average Mastic homeowner can save around $22,000 on their energy bills over 20 years, which is one of the perks of solar.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Mastic
Year | Return on Investment |
---|---|
1 years | $-8,405 |
3 years | $-5,354 |
5 years | $-2,303 |
7 years | $747 |
9 years | $3,798 |
11 years | $6,849 |
13 years | $9,899 |
15 years | $12,950 |
17 years | $16,001 |
19 years | $19,051 |
21 years | $22,102 |
23 years | $25,153 |
25 years | $28,204 |
Top Solar Installers in Mastic
When going solar, many homeowners choose to go with a solar installation company since overseeing your solar installation yourself can be a challenging project. Another upside of utilizing a solar installer is that they can help you make the most of your investment by cutting back on future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t certain which solar company to go with, here are our recommendations for providers in Mastic:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Mastic
Factors that Affect Solar Panel Costs in Mastic
While the average cost of a solar system in Mastic is $9,930, your actual 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 take into consideration.
Solar Equipment
The size of the solar energy 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, you can expect your total to increase by around $3,650. The model of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Mastic offer solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also increases your all-in costs, so it’s important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Mastic, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.The company’s size sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater 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 promotion can bring their pricing lower 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 | $3.80 | $15,943 | $18,592 | 11.5 years |
8 kW | $3.72 | $20,849 | $25,198 | 11.3 years |
10 kW | $3.65 | $25,550 | $32,009 | 11.1 years |
12 kW | $3.58 | $30,047 | $39,024 | 10.9 years |
14 kW | $3.50 | $34,339 | $46,243 | 10.7 years |
16 kW | $3.43 | $38,427 | $53,667 | 10.4 years |
18 kW | $3.36 | $42,311 | $61,295 | 10.2 years |
20 kW | $3.29 | $45,990 | $69,128 | 10.0 years |
How to Save on Solar Panels
The solar company you opt for will be a major factor in determining 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 some important things you should keep in mind, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before deciding.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Mastic, NY Solar Cost FAQs
What is the average cost of installing solar panels in Mastic?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Mastic?
A solar panel system isn’t free in Mastic, 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 can further reduce the cost.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,151.18 per year.
How long do solar panels last in Mastic?
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 amount 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.