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
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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:
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.
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.
EcoWatch's North Valley Stream, NY Solar Cost FAQs
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.