Solar Panel Cost Guide in Patterson, NY (Feb 2023)
- Patterson Solar Installation Cost: $8,921
- 25-Year Savings: $8,279
- Payback Period: 13.0 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Patterson
Let's take a look at the average cost of solar in Patterson.
The average cost of a solar panel system in Patterson is $3 per watt. Using this figure, a typical 4.3 would cost about $8,921 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will look different based on your specific situation and what company you go with. Despite the large upfront cost, the average Patterson homeowner can save about $15,000 on their energy bills over 20 years, which is one of the advantages of solar.
To receive a free estimate from a pre-vetted solar installation company in Patterson, you can click the button below.
Solar savings over time in Patterson
| Year | Return on Investment |
|---|---|
| 1 years | $-8,233 |
| 3 years | $-6,857 |
| 5 years | $-5,481 |
| 7 years | $-4,105 |
| 9 years | $-2,729 |
| 11 years | $-1,353 |
| 13 years | $23 |
| 15 years | $1,399 |
| 17 years | $2,775 |
| 19 years | $4,151 |
| 21 years | $5,527 |
| 23 years | $6,903 |
| 25 years | $8,279 |
Top Solar Installers in Patterson
When going solar, many homeowners prefer to hire a solar company since installing a solar system yourself can be a challenging project. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
You can work with a local solar installer to get a free quote on how much solar panels 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
Best Technology
Tesla Energy
- 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 Patterson
Factors that Affect Solar Panel Costs in Patterson
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Patterson: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Patterson. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Patterson, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in Patterson, and each can charge varying amounts for labor and equipment. Additionally, some companies in Patterson have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $10,994 | 13.5 years |
| 8 kW | $3.01 | $16,850 | $14,990 | 13.2 years |
| 10 kW | $2.95 | $20,650 | $19,150 | 13.0 years |
| 12 kW | $2.89 | $24,284 | $23,476 | 12.7 years |
| 14 kW | $2.83 | $27,754 | $27,967 | 12.5 years |
| 16 kW | $2.77 | $31,058 | $32,623 | 12.2 years |
| 18 kW | $2.71 | $34,196 | $37,444 | 11.9 years |
| 20 kW | $2.66 | $37,170 | $42,430 | 11.7 years |
How to Save on Solar Panels
The solar panel company you choose 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 keep in mind, including:
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Patterson, NY Solar Cost FAQs
What is the average cost of installing solar panels in Patterson?
This is a tough question to answer exactly, because the cost depends on a variety of 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 higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Patterson?
Leasing solar panels can be an appealing choice, as 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 option if you want to maximize your savings.
Is it worth going solar in Patterson?
Solar panels can be a good 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 pretty low, solar panels might not be for you.
How long do solar panels last in Patterson?
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 higher amount 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.