Solar Panel Cost Guide in North Valley Stream, NY (2023 Update)
- North Valley Stream Solar Installation Cost: $7,947
- 25-Year Savings: $19,908
- Payback Period: 7.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in North Valley Stream
Find out what the average cost of installing solar panels is in North Valley Stream.
The average cost of a solar system in North Valley Stream is 2.95 per watt. The average solar panel system size in North Valley Stream is around 3.9 kilowatts, meaning a cost of about $7,950 for a solar installation, or $11,368 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of North Valley Stream homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $28,000 on energy bills over 20 years, many homeowners in North Valley Stream find going solar can pay off big.
Click the button below to get connected to a top solar panel company in your area for a custom quote.
Solar savings over time in North Valley Stream
| Year | Return on Investment |
|---|---|
| 1 years | $-6,067 |
| 3 years | $-2,308 |
| 5 years | $1,452 |
| 7 years | $5,211 |
| 9 years | $8,970 |
| 11 years | $12,730 |
| 13 years | $16,489 |
| 15 years | $20,248 |
| 17 years | $24,008 |
| 19 years | $27,767 |
| 21 years | $31,527 |
| 23 years | $35,286 |
| 25 years | $39,045 |
Top Solar Installers in North Valley Stream
Many homeowners opt for a solar installer since figuring out how to install solar panels yourself can be hard. A solar company can also help save you money in the long run by offering warranties, repairs and system component replacements.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 Valley Stream
Factors that Affect Solar Panel Costs in North Valley Stream
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in North Valley Stream: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,950 per kilowatt in North Valley Stream. The type of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in North Valley Stream to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in higher prices over time due to interest. Although solar loans make going solar more accessible for North Valley Stream homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in North Valley Stream have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $3.07 | $12,886 | $30,543 | 7.4 years |
| 8 kW | $3.01 | $16,850 | $41,055 | 7.3 years |
| 10 kW | $2.95 | $20,650 | $51,732 | 7.1 years |
| 12 kW | $2.89 | $24,284 | $62,573 | 7.0 years |
| 14 kW | $2.83 | $27,754 | $73,581 | 6.8 years |
| 16 kW | $2.77 | $31,058 | $84,753 | 6.7 years |
| 18 kW | $2.71 | $34,196 | $96,090 | 6.6 years |
| 20 kW | $2.66 | $37,170 | $107,593 | 6.4 years |
How to Save on Solar Panels
The solar company you opt for will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you go with.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
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 Valley Stream, NY Solar Cost FAQs
How much does it cost to install solar panels in North Valley Stream?
This is a difficult question to answer exactly, because the cost depends on a few different 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 higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in North Valley Stream?
A solar panel system isn't free in North Valley Stream, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is making the switch to solar worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.