Solar Panel Cost Guide in New Windsor, NY (2023 Update)
- New Windsor Solar Installation Cost: $8,941
- 25-Year Savings: $14,759
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in New Windsor
Let's take a look at the average cost of solar in New Windsor.
Although the national average of solar panels is $2.66 per watt, solar panels in New Windsor generally cost about 2.95. The average New Windsor homeowner needs a 4.3-kilowatt system, which would cost about $8,941 with the federal tax credit, or $12,786 before the 30% tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more. For most homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $21,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in New Windsor
| Year | Return on Investment |
|---|---|
| 1 years | $-7,993 |
| 3 years | $-6,097 |
| 5 years | $-4,201 |
| 7 years | $-2,305 |
| 9 years | $-409 |
| 11 years | $1,487 |
| 13 years | $3,383 |
| 15 years | $5,279 |
| 17 years | $7,175 |
| 19 years | $9,071 |
| 21 years | $10,967 |
| 23 years | $12,863 |
| 25 years | $14,759 |
Top Solar Installers in New Windsor
Although it's possible to install solar panels by yourself, it requires extra time and handiness. Because of that, most homeowners choose a solar panel installer. The expertise that solar installers provide can be useful as well, especially if you aren't sure what brand of solar equipment would be right for your home.
If you're searching for a solar company in New Windsor, the EcoWatch team has compiled a list of our top suggestions here:
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 New Windsor
Factors that Affect Solar Panel Costs in New Windsor
For many New Windsor homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in New Windsor, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far 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 big investment. That's why many New Windsor homeowners choose to finance their solar panel systems to make going solar more affordable. Though solar loans make switching to solar energy more accessible for New Windsor homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout New Windsor, and each can charge different amounts for labor and equipment. Additionally, some companies in New Windsor have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $19,972 | 9.8 years |
| 8 kW | $3.01 | $16,850 | $26,959 | 9.6 years |
| 10 kW | $2.95 | $20,650 | $34,112 | 9.4 years |
| 12 kW | $2.89 | $24,284 | $41,430 | 9.2 years |
| 14 kW | $2.83 | $27,754 | $48,914 | 9.1 years |
| 16 kW | $2.77 | $31,058 | $56,562 | 8.9 years |
| 18 kW | $2.71 | $34,196 | $64,376 | 8.7 years |
| 20 kW | $2.66 | $37,170 | $72,355 | 8.5 years |
How to Save on Solar Panels
The solar company you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Contract: Before signing a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two 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 positive 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
EcoWatch's New Windsor, NY Solar Cost FAQs
How much does it cost to install solar panels in New Windsor?
This is a hard question to answer exactly, because the cost depends on many 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in New Windsor?
Leasing solar panels can be an appealing choice, as it usually 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 way to go if you want to maximize your savings.
Can solar panels significantly reduce my power bills?
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 $1,095.25 per year.
How long do solar panels last in New Windsor?
On average, the lifespan of solar panels is 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 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.