Solar Panel Cost Guide in North Bellmore, NY (2023 Update)
- North Bellmore Solar Installation Cost: $7,947
- 25-Year Savings: $14,097
- Payback Period: 9.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in North Bellmore
Find out what the average cost of installing solar panels is in North Bellmore.
In North Bellmore, solar panels cost about 2.95 per watt on average. Using this figure, a typical 3.9-kW system would cost about $7,950 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary based on several factors, such as how many panels you need, your energy consumption and what solar installer you go with. For many homeowners, the upfront cost of solar power is worth paying. On average North Bellmore homeowners see about $22,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in North Bellmore
| Year | Return on Investment |
|---|---|
| 1 years | $-6,629 |
| 3 years | $-3,993 |
| 5 years | $-1,358 |
| 7 years | $1,278 |
| 9 years | $3,913 |
| 11 years | $6,549 |
| 13 years | $9,185 |
| 15 years | $11,820 |
| 17 years | $14,456 |
| 19 years | $17,092 |
| 21 years | $19,727 |
| 23 years | $22,363 |
| 25 years | $24,999 |
Top Solar Installers in North Bellmore
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be hard. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 North Bellmore
Factors that Affect Solar Panel Costs in North Bellmore
The cost of installing a solar system in North Bellmore can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,950. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
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 North Bellmore homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your all-in costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can have an effect on your total costs. There are about 3 solar panel companies in North Bellmore, and each can charge varying amounts for labor and equipment. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and bulk 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 lower to compete with bigger companies.
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 | $21,483 | 9.4 years |
| 8 kW | $3.01 | $16,850 | $28,974 | 9.2 years |
| 10 kW | $2.95 | $20,650 | $36,631 | 9.0 years |
| 12 kW | $2.89 | $24,284 | $44,452 | 8.8 years |
| 14 kW | $2.83 | $27,754 | $52,439 | 8.7 years |
| 16 kW | $2.77 | $31,058 | $60,591 | 8.5 years |
| 18 kW | $2.71 | $34,196 | $68,909 | 8.3 years |
| 20 kW | $2.66 | $37,170 | $77,391 | 8.1 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- 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 significant role in the company you opt for.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Solar companies 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.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 North Bellmore, NY Solar Cost FAQs
What is the average cost of installing solar panels in North Bellmore?
This is a difficult 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in North Bellmore?
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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is going solar worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Although 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 replace them after having 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.