Solar Panel Cost Guide in Middletown, NY (2024 Update)
- Middletown Solar Installation Cost: $11,058
- 25-Year Savings: $16,463
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Middletown
We break down average solar pricing in Middletown.
The national average cost of solar panels is $2.66 per watt, but in Middletown it’s 4 per watt.The average solar panel system size in Middletown is around 4.3 kilowatts, meaning a cost of about $11,058 for a solar installation, or $15,813 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Middletown based on several factors, such as the type of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Middletown see about $22,000 in savings on utility bills over 20 years.
To receive a free estimate from a vetted solar company in Middletown, you can click the button below.
Solar savings over time in Middletown
| Year | Return on Investment |
|---|---|
| 1 years | $-9,755 |
| 3 years | $-7,151 |
| 5 years | $-4,547 |
| 7 years | $-1,943 |
| 9 years | $661 |
| 11 years | $3,265 |
| 13 years | $5,869 |
| 15 years | $8,473 |
| 17 years | $11,077 |
| 19 years | $13,681 |
| 21 years | $16,285 |
| 23 years | $18,889 |
| 25 years | $21,493 |
Top Solar Installers in Middletown
Although it's possible to install solar panels on your own, it requires extra effort and knowledge. Because of that, almost all homeowners choose a solar panel installer. The expertise that solar installers provide can be useful as well, particularly if you aren’t sure what kind of solar equipment would be right for your home.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our recommendations for providers in Middletown:
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 Middletown
Factors that Affect Solar Panel Costs in Middletown
There are several factors that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Middletown, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Middletown average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Middletown, you’ll have many 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 of more resources and bulk 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 down to compete with bigger names.
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 | $19,270 | 11.3 years |
| 8 kW | $3.72 | $20,849 | $26,103 | 11.1 years |
| 10 kW | $3.65 | $25,550 | $33,139 | 10.9 years |
| 12 kW | $3.58 | $30,047 | $40,381 | 10.7 years |
| 14 kW | $3.50 | $34,339 | $47,826 | 10.4 years |
| 16 kW | $3.43 | $38,427 | $55,476 | 10.2 years |
| 18 kW | $3.36 | $42,311 | $63,330 | 10.0 years |
| 20 kW | $3.29 | $45,990 | $71,389 | 9.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
- Installation Process: When going solar, it’s crucial to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
- Reputation: Your solar installer should have a sound reputation as a company and have proven 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 good 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
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 Middletown, NY Solar Cost FAQs
How much does it cost to install solar panels in Middletown?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally 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 cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,173.79 per year.
How long do solar panels last in Middletown?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.