Solar Panel Cost Guide in Maybrook, NY (Mar 2023)
- Maybrook Solar Installation Cost: $8,941
- 25-Year Savings: $13,059
- Payback Period: 10.2 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Maybrook
Here's how much it might cost to switch to solar power in Maybrook.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Maybrook, the average cost of a solar system is 2.95 per watt. Using this figure, a typical 4.3-kW system would cost about $8,941 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Maybrook homeowners. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Maybrook find going solar has a decent ROI.
You can click the button below to get connected with a vetted solar company in Maybrook for a quote for your home.
Solar savings over time in Maybrook
| Year | Return on Investment |
|---|---|
| 1 years | $-8,061 |
| 3 years | $-6,301 |
| 5 years | $-4,541 |
| 7 years | $-2,781 |
| 9 years | $-1,021 |
| 11 years | $739 |
| 13 years | $2,499 |
| 15 years | $4,259 |
| 17 years | $6,019 |
| 19 years | $7,779 |
| 21 years | $9,539 |
| 23 years | $11,299 |
| 25 years | $13,059 |
Top Solar Installers in Maybrook
Although you can install solar panels yourself, it requires extra time and knowledge. That's why most people choose to go with a solar panel installer. Local solar installers can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
You can work with a local solar installer to get a free estimate on how much solar panels 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Maybrook
Factors that Affect Solar Panel Costs in Maybrook
The cost of installing a solar system in Maybrook 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 you need, 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 important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,950. The model of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Maybrook, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Maybrook, and each can charge different amounts for labor and equipment. Additionally, some companies in Maybrook are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $17,615 | 10.6 years |
| 8 kW | $3.01 | $16,850 | $23,818 | 10.4 years |
| 10 kW | $2.95 | $20,650 | $30,185 | 10.2 years |
| 12 kW | $2.89 | $24,284 | $36,718 | 10.0 years |
| 14 kW | $2.83 | $27,754 | $43,416 | 9.7 years |
| 16 kW | $2.77 | $31,058 | $50,279 | 9.5 years |
| 18 kW | $2.71 | $34,196 | $57,307 | 9.3 years |
| 20 kW | $2.66 | $37,170 | $64,500 | 9.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should choose, since different companies provide different panels.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you're worried about the endurance of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Maybrook, NY Solar Cost FAQs
How much does it cost to install solar panels in Maybrook?
The average cost of solar panels in Maybrook 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 kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Maybrook?
A solar panel system isn't free in Maybrook, 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 you can take advantage of.
Can you sell solar power back to the grid in Maybrook?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates 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 usage and the amount of 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 cover 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.