Solar Panel Cost Guide in Mount Pleasant, NY (2023 Update)
- Mount Pleasant Solar Installation Cost: $8,645
- 25-Year Savings: $24,695
- Payback Period: 6.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Mount Pleasant
We go over average solar pricing in Mount Pleasant.
The average cost of a solar system in Mount Pleasant is 2.95 per watt. Because a 4.2-kW system is needed to cover the energy costs of a typical home in Mount Pleasant, the average price of going solar will be about $8,652 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of equipment you choose, your solar contractor and more. 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 $30,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar company in Mount Pleasant for a quote for your home.
Solar savings over time in Mount Pleasant
| Year | Return on Investment |
|---|---|
| 1 years | $-8,534 |
| 3 years | $-8,311 |
| 5 years | $-8,089 |
| 7 years | $-7,867 |
| 9 years | $-7,645 |
| 11 years | $-7,422 |
| 13 years | $-7,200 |
| 15 years | $-6,978 |
| 17 years | $-6,756 |
| 19 years | $-6,533 |
| 21 years | $-6,311 |
| 23 years | $-6,089 |
| 25 years | $-5,866 |
Top Solar Installers in Mount Pleasant
Although you can install solar panels yourself, it involves extra effort and handiness. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Also, if you'd like to maximize your investment in solar energy, going with a solar company can help with that as well. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives and net metering programs.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Mount Pleasant
Factors that Affect Solar Panel Costs in Mount Pleasant
There are many criteria that can influence 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
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. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Mount Pleasant homeowners opt to finance their solar panel systems to offset upfront costs. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Mount Pleasant know more about local solar incentives and can help you make good use of 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 | $34,898 | 6.7 years |
| 8 kW | $3.01 | $16,850 | $46,861 | 6.6 years |
| 10 kW | $2.95 | $20,650 | $58,989 | 6.5 years |
| 12 kW | $2.89 | $24,284 | $71,283 | 6.4 years |
| 14 kW | $2.83 | $27,754 | $83,741 | 6.2 years |
| 16 kW | $2.77 | $31,058 | $96,365 | 6.1 years |
| 18 kW | $2.71 | $34,196 | $109,154 | 6.0 years |
| 20 kW | $2.66 | $37,170 | $122,108 | 5.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: The type of solar panel you want plays a role in which company you should opt for, since different companies have access to different panels.
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 Mount Pleasant, NY Solar Cost FAQs
How much does it cost to install solar panels in Mount Pleasant?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Mount Pleasant?
You can't get solar panels for free in Mount Pleasant. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase the value of your home considerably 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% after installing solar panels."
How long do solar panels last in Mount Pleasant?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can continue to use 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.