Solar Panel Cost Guide in North Valley Stream, NY (2024 Update)
- North Valley Stream Solar Installation Cost: $9,833
- 25-Year Savings: $37,160
- Payback Period: 8.8 Years
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Average Cost of Solar Panels in North Valley Stream
Find out what the average cost of solar panels are in North Valley Stream.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North Valley Stream, the average cost of a solar system is 4 per watt.Because a 3.8-kW system is needed to cover the energy costs of a typical home in North Valley Stream, the average price of going solar will be about $9,833 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of going solar can vary quite a bit based on a few factors, such as what size system you need, your energy usage and what company you go with.But, after you've paid the initial cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $28,000 over 20 years on power bills.
Click the button below to get connected to a reputable solar panel company in your area for a personalized estimate.
Solar savings over time in North Valley Stream
Year | Return on Investment |
---|---|
1 years | $-7,953 |
3 years | $-4,194 |
5 years | $-434 |
7 years | $3,325 |
9 years | $7,085 |
11 years | $10,844 |
13 years | $14,603 |
15 years | $18,363 |
17 years | $22,122 |
19 years | $25,881 |
21 years | $29,641 |
23 years | $33,400 |
25 years | $37,160 |
Top Solar Installers in North Valley Stream
Although you can install solar panels yourself, it takes extra energy and know-how. That's why most homeowners choose to hire a solar panel installer. Also, if you’d like to maximize your investment in solar power, using a solar installer can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.
There are various licensed solar professionals that can install solar panels for you. 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in North Valley Stream
Factors that Affect Solar Panel Costs in North Valley Stream
Though the average cost of a solar system in North Valley Stream is $9,833, your final cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar system you need for your household, 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 nearly $3,650. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like North Valley Stream, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in North Valley Stream provide solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your all-in costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in North Valley Stream, and each can charge varying amounts for labor and equipment.Additionally, some companies in North Valley Stream are more knowledgeable 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 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 | $3.80 | $15,943 | $27,486 | 9.2 years |
8 kW | $3.72 | $20,849 | $37,056 | 9.0 years |
10 kW | $3.65 | $25,550 | $46,832 | 8.8 years |
12 kW | $3.58 | $30,047 | $56,811 | 8.6 years |
14 kW | $3.50 | $34,339 | $66,995 | 8.5 years |
16 kW | $3.43 | $38,427 | $77,383 | 8.3 years |
18 kW | $3.36 | $42,311 | $87,976 | 8.1 years |
20 kW | $3.29 | $45,990 | $98,773 | 7.9 years |
How to Save on Solar Panels
There are numerous companies available in North Valley Stream, 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:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established 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 install your solar system. Another way you can research your installer’s reputation is by reading reviews.
- Contract: When reading through your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of options before making your decision.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's North Valley Stream, NY Solar Cost FAQs
How much does it cost to install solar panels in North Valley Stream?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 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 higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in North Valley Stream?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 bang for your buck from going solar.
How will having solar panels impact how much my home is worth?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t go 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 consumption and the amount of 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 get between 20 and 35 panels to cover 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.