Solar Panel Cost Guide in North Castle, NY (Mar 2023)
- North Castle Solar Installation Cost: $8,652
- 25-Year Savings: $20,979
- Payback Period: 7.3 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 North Castle
Let's have a look at the average cost of solar in North Castle.
While the national average of solar panels is $2.66 per watt, solar panels in North Castle typically cost about 2.95. Using this figure, a typical 4.2-kW system would cost about $8,652 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in North Castle depending on several factors, such as the type of solar panels you choose and the solar installer you hire. Despite the high initial cost, the average North Castle homeowner can save around $27,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar company in North Castle for a quote for your home.
Solar savings over time in North Castle
| Year | Return on Investment |
|---|---|
| 1 years | $-7,467 |
| 3 years | $-5,097 |
| 5 years | $-2,726 |
| 7 years | $-355 |
| 9 years | $2,015 |
| 11 years | $4,386 |
| 13 years | $6,756 |
| 15 years | $9,127 |
| 17 years | $11,497 |
| 19 years | $13,868 |
| 21 years | $16,238 |
| 23 years | $18,609 |
| 25 years | $20,979 |
Top Solar Installers in North Castle
Putting up solar panels on your own can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be right for your family.
There are various 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 Castle
Factors that Affect Solar Panel Costs in North Castle
For many North Castle homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in North Castle, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in North Castle, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,950 for each additional kilowatt you need. The model of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than 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 researching a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in North Castle, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in North Castle is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different price points. The company's size can sometimes play the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $29,584 | 7.6 years |
| 8 kW | $3.01 | $16,850 | $39,775 | 7.4 years |
| 10 kW | $2.95 | $20,650 | $50,132 | 7.3 years |
| 12 kW | $2.89 | $24,284 | $60,654 | 7.1 years |
| 14 kW | $2.83 | $27,754 | $71,341 | 7.0 years |
| 16 kW | $2.77 | $31,058 | $82,194 | 6.9 years |
| 18 kW | $2.71 | $34,196 | $93,211 | 6.7 years |
| 20 kW | $2.66 | $37,170 | $104,394 | 6.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- 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 what the project timeline is.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
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 Castle, NY Solar Cost FAQs
What is the average cost of installing solar panels in North Castle?
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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in North Castle?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.