Solar Panel Cost Guide in Nassau, NY (Mar 2023)
- Nassau Solar Installation Cost: $9,416
- 25-Year Savings: $5,987
- Payback Period: 15.3 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 Nassau
Find out what the average cost of a solar system is in Nassau.
While the national average of solar panels is $2.66 per watt, solar panels in Nassau typically cost about 2.95. Since a 4.6-kW system is needed to cover the energy costs of a typical home in Nassau, the average price of going solar will be about $9,416 after claiming the federal solar tax credit of 30%.
The true price you pay can go above or below the average in Nassau depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar is worth paying. On average Nassau homeowners see about $13,000 in savings on electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Nassau
| Year | Return on Investment |
|---|---|
| 1 years | $-8,800 |
| 3 years | $-7,568 |
| 5 years | $-6,336 |
| 7 years | $-5,104 |
| 9 years | $-3,871 |
| 11 years | $-2,639 |
| 13 years | $-1,407 |
| 15 years | $-175 |
| 17 years | $1,058 |
| 19 years | $2,290 |
| 21 years | $3,522 |
| 23 years | $4,754 |
| 25 years | $5,987 |
Top Solar Installers in Nassau
Although it's possible to install solar panels yourself, it takes extra time and handiness. Because of that, most homeowners choose to hire a solar panel installer. The expertise that solar installers provide can be helpful as well, especially if you don't quite know what type of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our recommendations for providers in Nassau:
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 Nassau
Factors that Affect Solar Panel Costs in Nassau
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Nassau: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Nassau. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, 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 Nassau to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. 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 reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can affect how much it costs. Nassau's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Nassau know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $7,371 | 15.9 years |
| 8 kW | $3.01 | $16,850 | $10,159 | 15.6 years |
| 10 kW | $2.95 | $20,650 | $13,111 | 15.3 years |
| 12 kW | $2.89 | $24,284 | $16,229 | 15.0 years |
| 14 kW | $2.83 | $27,754 | $19,512 | 14.7 years |
| 16 kW | $2.77 | $31,058 | $22,961 | 14.4 years |
| 18 kW | $2.71 | $34,196 | $26,574 | 14.1 years |
| 20 kW | $2.66 | $37,170 | $30,353 | 13.8 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Nassau, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: If you're worried about the longevity of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Even though reading through a contract can be tedious, it's important to do it carefully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Nassau, NY Solar Cost FAQs
How much does it cost to install solar panels in Nassau?
The average cost of solar panels in Nassau is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Nassau?
Solar panels aren't free in Nassau, 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.
Do solar panels increase your home value?
Solar panels can increase your home value considerably 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% after installing solar panels."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 install between 20 and 35 panels to account for 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.