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

  • Nanuet Solar Installation Cost: $8,756
  • 25-Year Savings: $18,344
  • Payback Period: 8.1 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 Nanuet

Find out what the average cost of solar panels are in Nanuet.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Nanuet, the average cost of a solar system is $3 per watt. To cover the typical energy needs of the average home in Nanuet, most homeowners require a 4.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $8,756, or $6,479 after the federal solar tax credit of 30% is applied.

The true price you pay can go above or below the average in Nanuet depending on several factors, such as the model of solar panels you choose and the solar contractor you hire. With average savings of about $24,000 on power bills over 20 years, many homeowners in Nanuet find investing in solar can pay off big.

Click the button below to get connected to a top solar company in your area for a customized estimate.

Solar savings over time in Nanuet

Year Return on Investment
1 years $-7,672
3 years $-5,504
5 years $-3,336
7 years $-1,168
9 years $1,000
11 years $3,168
13 years $5,336
15 years $7,504
17 years $9,672
19 years $11,840
21 years $14,008
23 years $16,176
25 years $18,344

Top Solar Installers in Nanuet

When going solar, many homeowners opt to hire a solar installation company since handling can be a challenging project. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.

If you'd like to make the switch to solar but still aren't sure which solar panel installer to go with, here are our suggestions for providers in Nanuet:

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 Nanuet

Factors that Affect Solar Panel Costs in Nanuet

For many Nanuet homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Nanuet, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar energy system in Nanuet, one of the most important 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 consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

Many homeowners find the average cost of solar in Nanuet to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. While solar loans make adopting solar energy more accessible for Nanuet homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that provides the products, warranties and services you're looking for and also fit into your budget.

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 $25,446 8.4 years
8 kW $3.01 $16,850 $34,259 8.2 years
10 kW $2.95 $20,650 $43,236 8.1 years
12 kW $2.89 $24,284 $52,379 7.9 years
14 kW $2.83 $27,754 $61,687 7.8 years
16 kW $2.77 $31,058 $71,161 7.6 years
18 kW $2.71 $34,196 $80,799 7.4 years
20 kW $2.66 $37,170 $90,603 7.3 years

How to Save on Solar Panels

There are a large number of companies to choose from in Nanuet, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:

  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
  • Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
  • Installation Process: When making the switch to solar, it's crucial to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the completion timeline.
  • Solar Panel Brands: Different companies will carry different brands and models of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.

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 Nanuet, NY Solar Cost FAQs

How much does it cost to install solar panels in Nanuet?

This is a tough question to answer precisely, 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Is cost the most important consideration when buying solar panels?

Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

How will installing solar panels impact my home value?

Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt 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."

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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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