Solar Panel Cost Guide in North Bellmore, NY (Mar 2023)
- North Bellmore Solar Installation Cost: $7,950
- 25-Year Savings: $14,094
- Payback Period: 9.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in North Bellmore
Here's how much it might cost to go solar in North Bellmore.
The average cost of a solar system in North Bellmore is 2.95 per watt. Using this figure, a typical 3.9-kW system would cost about $7,950 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely look different based on factors unique to your home and what company you choose to go with. Many homeowners find going solar is a rewarding investment. The average homeowner in North Bellmore can save around $22,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in your area for a personalized estimate.
Solar savings over time in North Bellmore
| Year | Return on Investment |
|---|---|
| 1 years | $-7,068 |
| 3 years | $-5,305 |
| 5 years | $-3,541 |
| 7 years | $-1,778 |
| 9 years | $-14 |
| 11 years | $1,749 |
| 13 years | $3,513 |
| 15 years | $5,276 |
| 17 years | $7,040 |
| 19 years | $8,803 |
| 21 years | $10,566 |
| 23 years | $12,330 |
| 25 years | $14,094 |
Top Solar Installers in North Bellmore
Many homeowners opt for a solar installation company since trying to put up solar panels on your own can be a lot of work. Another perk of utilizing a solar installer is that they can help you make the most of your investment by reducing your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
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
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 North Bellmore
Factors that Affect Solar Panel Costs in North Bellmore
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in North Bellmore: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in North Bellmore, 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 usage, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in North Bellmore, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in North Bellmore is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that offer a range of services for different budgets. Some companies 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 cost more. It's best to do some research and find a company that offers the products, warranties and services you want and also is within 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 | $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
There are a lot of companies to choose from in North Bellmore, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
- 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 get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Warranty: If you're concerned about the durability of your solar energy system, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
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 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 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in North Bellmore?
Leasing solar panels can be an attractive choice, because 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 get the most savings.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in North Bellmore is currently $504,017, so you can look forward to a value of about $20,665 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in North Bellmore is a rewarding investment.
How often do you have to replace solar panels?
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 larger 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.