Solar Panel Cost Guide in Northumberland, NY (2023 Update)
- Northumberland Solar Installation Cost: $9,251
- 25-Year Savings: $6,393
- Payback Period: 14.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Northumberland
Let's take a look at the average cost of solar in Northumberland.
Although the national average of solar panels is $2.66 per watt, solar panels in Northumberland typically cost around 2.95. The average solar panel system size in Northumberland is around 4.5 kilowatts, meaning a cost of about $9,251 for a solar installation, or $13,229 before the 30% federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely look different based on your energy needs and what company you go with. With average savings of about $13,000 on utility bills over 20 years, many homeowners in Northumberland find going solar can pay off big.
Click the button below to get connected to a highly rated solar installer in Northumberland for a personalized estimate.
Solar savings over time in Northumberland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,625 |
| 3 years | $-7,374 |
| 5 years | $-6,122 |
| 7 years | $-4,871 |
| 9 years | $-3,619 |
| 11 years | $-2,368 |
| 13 years | $-1,116 |
| 15 years | $135 |
| 17 years | $1,387 |
| 19 years | $2,638 |
| 21 years | $3,890 |
| 23 years | $5,142 |
| 25 years | $6,393 |
Top Solar Installers in Northumberland
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make switching to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some near you:
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 Northumberland
Factors that Affect Solar Panel Costs in Northumberland
There are many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of a solar energy 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 primarily based on your home's energy consumption, which you can gauge by looking at past energy bills. Your overall cost can increase by around $2,950 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 come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Northumberland homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Northumberland is the company you get to install your solar panel system. As with choosing a company to build a deck or pool, for example, there's no shortage of solar installers that provide a range of services for different budgets. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on 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 | $8,048 | 15.4 years |
| 8 kW | $3.01 | $16,850 | $11,061 | 15.1 years |
| 10 kW | $2.95 | $20,650 | $14,239 | 14.8 years |
| 12 kW | $2.89 | $24,284 | $17,582 | 14.5 years |
| 14 kW | $2.83 | $27,754 | $21,091 | 14.2 years |
| 16 kW | $2.77 | $31,058 | $24,764 | 13.9 years |
| 18 kW | $2.71 | $34,196 | $28,603 | 13.6 years |
| 20 kW | $2.66 | $37,170 | $32,607 | 13.3 years |
How to Save on Solar Panels
There are many companies available in Northumberland, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 Northumberland, NY Solar Cost FAQs
How much does it cost to install solar panels in Northumberland?
The average cost of solar panels in Northumberland is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Northumberland?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase your property value?
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 a solar system."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 buy between 20 and 35 panels to account for 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.