Solar Panel Cost Guide in Mattydale, NY (2023 Update)
- Mattydale Solar Installation Cost: $9,565
- 25-Year Savings: $6,642
- Payback Period: 14.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mattydale
Find out what the average cost of installing solar panels is in Mattydale.
The average cost of a solar panel system in Mattydale is 2.95 per watt. Using this figure, a typical 4.6-kW system would cost about $9,561 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 actual cost of going solar can vary based on multiple factors, such as what size system you need, your energy usage and what company you go with. Many homeowners find installing a solar panel system is a fruitful investment. The average homeowner in Mattydale can save around $13,000 on their electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Mattydale
| Year | Return on Investment |
|---|---|
| 1 years | $-9,511 |
| 3 years | $-9,403 |
| 5 years | $-9,295 |
| 7 years | $-9,187 |
| 9 years | $-9,079 |
| 11 years | $-8,971 |
| 13 years | $-8,863 |
| 15 years | $-8,755 |
| 17 years | $-8,647 |
| 19 years | $-8,539 |
| 21 years | $-8,431 |
| 23 years | $-8,323 |
| 25 years | $-8,215 |
Top Solar Installers in Mattydale
When making the switch to solar, many homeowners opt to hire a solar company since installing a solar system yourself can be a difficult project. The expertise that solar installers offer can be useful as well, particularly if you aren't sure what type of solar equipment you need.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Mattydale
Factors that Affect Solar Panel Costs in Mattydale
There are a number of factors that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
When it comes to estimating the price of a solar system in Mattydale, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can gauge by looking at past energy bills. Your overall cost can increase by about $2,950 for each additional kilowatt you need. The 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, higher efficiency could save you more in the long run on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Mattydale average.
Solar Financing Terms
Most solar companies in Mattydale offer solar loans, which reduce the initial cost of installing solar. Although solar loans make adopting solar energy more accessible for Mattydale homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Mattydale, you'll have many options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Mattydale have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 installer you go with will impact not only your total 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 consider, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Warranty: If you're worried about the endurance of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: The kind of solar panel you'd like plays a part in which company you should opt for, since different companies provide different panels.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
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 Mattydale, NY Solar Cost FAQs
How much does it cost to install solar panels in Mattydale?
The average cost of solar panels in Mattydale is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff 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 Mattydale?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to 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.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.