Solar Panel Cost Guide in Mineola, NY (Oct 2022)

  • Mineola Solar Installation Cost: $7,950
  • 25-Year Savings: $14,421
  • Payback Period: 8.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Mineola

Let's have a look at the average cost of solar panels in Mineola.

In Mineola, solar panels cost about $3 per watt on average. Because a 3.9-kW system is needed to cover the energy needs of a typical home in Mineola, the average price of going solar will be about $7,950 before claiming the federal solar tax credit of 30%.

The true cost of your system can go higher or lower than the average in Mineola based on a variety of factors, such as the type of solar panels you choose and the solar company you hire. But, once you've paid the initial cost of installation, the savings for most homeowners is usually fruitful, with a net average savings of about $22,000 over 20 years on utility bills.

To calculate your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Mineola

Year Return on Investment
1 years $-7,055
3 years $-5,266
5 years $-3,476
7 years $-1,686
9 years $103
11 years $1,893
13 years $3,683
15 years $5,472
17 years $7,262
19 years $9,052
21 years $10,841
23 years $12,631
25 years $14,421

Top Solar Installers in Mineola

Many homeowners decide to use a solar installer since figuring out how to install solar panels by yourself can be time-consuming. Companies can also offer access to quality options of the best solar panels and help you choose which one will be best for your home.

If you're on the hunt for a solar company in Mineola, the EcoWatch team has organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Mineola

Factors that Affect Solar Panel Costs in Mineola

Even though the average cost of solar panels in Mineola is $7,950, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.

Solar Equipment

When it comes to estimating the price of a solar panel system in Mineola, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can determine by looking at past electricity 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 over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Mineola average.

Solar Financing Terms

Many homeowners find the average cost of solar in Mineola to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. However, the interest on solar loans also adds to your overall costs, so it's vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.

Solar Panel Installation Company

The solar installation company you pick will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount 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 $3.07 $12,886 $21,993 9.2 years
8 kW $3.01 $16,850 $29,654 9.1 years
10 kW $2.95 $20,650 $37,480 8.9 years
12 kW $2.89 $24,284 $45,472 8.7 years
14 kW $2.83 $27,754 $53,629 8.5 years
16 kW $2.77 $31,058 $61,951 8.3 years
18 kW $2.71 $34,196 $70,438 8.2 years
20 kW $2.66 $37,170 $79,091 8.0 years

How to Save on Solar Panels

Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Mineola, NY Solar Cost FAQs

What is the average cost of installing solar panels in Mineola?

This is a tough question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Mineola?

Leasing solar panels can be an appealing choice, because it commonly 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Does Mineola have a net metering program?

Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.

How long do solar panels last in Mineola?

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.

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