Solar Panel Cost Guide in Northumberland, NY (2024 Update)
- Northumberland Solar Installation Cost: $11,457
- 25-Year Savings: $6,385
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Northumberland
Find out what the average cost of installing solar panels is in Northumberland.
The national average cost of solar panels is $2.66 per watt, but in Northumberland it’s 4 per watt.The average solar panel system size in Northumberland is around 4.5 kilowatts, meaning a cost of about $11,457 for a solar installation, or $16,384 before the 0 federal solar tax credit is applied.
The true price you pay can be higher or lower than the average in Northumberland depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire.With typical savings of about $13,000 on energy bills over 20 years, many homeowners in Northumberland find investing in solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar company in Northumberland that can help you get a more accurate cost estimate for your home.
Solar savings over time in Northumberland
| Year | Return on Investment |
|---|---|
| 1 years | $-10,603 |
| 3 years | $-8,896 |
| 5 years | $-7,189 |
| 7 years | $-5,482 |
| 9 years | $-3,775 |
| 11 years | $-2,068 |
| 13 years | $-362 |
| 15 years | $1,345 |
| 17 years | $3,052 |
| 19 years | $4,759 |
| 21 years | $6,466 |
| 23 years | $8,173 |
| 25 years | $9,880 |
Top Solar Installers in Northumberland
Trying to put up solar panels yourself can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you’d like to start using solar energy but still aren’t certain which solar panel company to go with, here are our recommendations for providers nearby:
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
See all of the solar companies in Northumberland
Factors that Affect Solar Panel Costs in Northumberland
There are many factors that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar panel system in Northumberland, one of the most crucial 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 usage, which you can gauge by looking at past energy bills. Your overall cost can increase by around $3,650 for each additional kilowatt you need.The brand and kind 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 often have a higher price tag 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Northumberland provide solar loans, which reduce the initial cost of installing solar panels.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the growing popularity of sustainable energy solutions in Northumberland, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $4,990 | 19.0 years |
| 8 kW | $3.72 | $20,849 | $7,062 | 18.7 years |
| 10 kW | $3.65 | $25,550 | $9,339 | 18.3 years |
| 12 kW | $3.58 | $30,047 | $11,820 | 17.9 years |
| 14 kW | $3.50 | $34,339 | $14,505 | 17.6 years |
| 16 kW | $3.43 | $38,427 | $17,395 | 17.2 years |
| 18 kW | $3.36 | $42,311 | $20,489 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $23,787 | 16.5 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. Because picking a company can be difficult, we have some tips to help you, such as:
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, project timeline rebates and warranties.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: The model of solar panel you need to get plays a part in which installer you should opt for, since different companies provide different panels.
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
EcoWatch's Northumberland, NY Solar Cost FAQs
How much does it cost to install solar panels in Northumberland?
This is a hard question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose 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.
How will solar panels impact my property value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t choose 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."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.