Solar Panel Cost Guide in North Valley Stream, NY (Feb 2023)

  • North Valley Stream Solar Installation Cost: $7,950
  • 25-Year Savings: $19,905
  • Payback Period: 7.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in North Valley Stream

Find out what the average cost of solar panels are in North Valley Stream.

The national average cost of solar panels is $2.66 per watt, but in North Valley Stream it's $3 per watt. The average North Valley Stream homeowner needs a 3.9-kilowatt system, which would cost about $7,950, or $5,883 after the federal solar tax credit of 30% is applied.

The true cost of your system can go higher or lower than the average in North Valley Stream depending on several factors, such as the type of solar panels you choose and the solar installer you hire. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in North Valley Stream can save about $28,000 on their electricity bills over 20 years.

To receive a free estimate from a top solar installer in North Valley Stream, you can click the button below.

Solar savings over time in North Valley Stream

Year Return on Investment
1 years $-6,836
3 years $-4,608
5 years $-2,379
7 years $-151
9 years $2,078
11 years $4,306
13 years $6,534
15 years $8,763
17 years $10,991
19 years $13,220
21 years $15,448
23 years $17,677
25 years $19,905

Top Solar Installers in North Valley Stream

Although it's possible to install solar panels yourself, it takes extra energy and knowledge. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. Plus, if you're not certain what type of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.

Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Valley Stream

Factors that Affect Solar Panel Costs in North Valley Stream

For many North Valley Stream homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in North Valley Stream, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.

Solar Equipment

The cost of solar panels varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are offered by most installers in North Valley Stream, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable. While 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. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

Finally, the company you hire to install your solar panel system can play a part in determining the cost. North Valley Stream's solar companies all have different labor costs and add varying upcharges to equipment. 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 come with an above-average cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for 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 $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

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
  • Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
  • Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 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. Generally 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 extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Is cost the most important consideration when buying solar panels?

Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase your home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in North Valley Stream is currently $414,316, so you can expect a value of about $16,987 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in North Valley Stream is a rewarding investment.

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 generally produce about 250 to 400 watt-hours per hour, the average house 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.

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