Solar Panel Cost Guide in Pembroke, NY (2023 Update)
- Pembroke Solar Installation Cost: $9,003
- 25-Year Savings: $6,735
- Payback Period: 14.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pembroke
See how much it might cost to switch to solar power in Pembroke.
The national average cost of solar panels is $2.66 per watt, but in Pembroke it's 2.95 per watt. Using this figure, a typical 4.4-kW system would cost about $9,003 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Pembroke depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on utility bills.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pembroke
| Year | Return on Investment |
|---|---|
| 1 years | $-8,374 |
| 3 years | $-7,115 |
| 5 years | $-5,856 |
| 7 years | $-4,597 |
| 9 years | $-3,338 |
| 11 years | $-2,079 |
| 13 years | $-820 |
| 15 years | $439 |
| 17 years | $1,698 |
| 19 years | $2,957 |
| 21 years | $4,217 |
| 23 years | $5,476 |
| 25 years | $6,735 |
Top Solar Installers in Pembroke
When making the switch to solar, many homeowners prefer to go with a solar installer since DIY solar panel installation can be a time-consuming project. Plus, if you aren't sure what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our recommendations for providers in Pembroke:
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 Pembroke
Factors that Affect Solar Panel Costs in Pembroke
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Pembroke: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in Pembroke. The model of solar panels and equipment you get is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That's why many Pembroke homeowners choose to finance their solar panel systems to make paying for solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $8,760 | 14.9 years |
| 8 kW | $3.01 | $16,850 | $12,011 | 14.6 years |
| 10 kW | $2.95 | $20,650 | $15,427 | 14.3 years |
| 12 kW | $2.89 | $24,284 | $19,008 | 14.0 years |
| 14 kW | $2.83 | $27,754 | $22,754 | 13.7 years |
| 16 kW | $2.77 | $31,058 | $26,665 | 13.5 years |
| 18 kW | $2.71 | $34,196 | $30,742 | 13.2 years |
| 20 kW | $2.66 | $37,170 | $34,983 | 12.9 years |
How to Save on Solar Panels
There are a lot of companies available in Pembroke, 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:
- Warranty: Warranties that cover defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the completion timeline.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Solar Panel Brands: The model of solar panel you want plays a role 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
EcoWatch's Pembroke, NY Solar Cost FAQs
How much does it cost to install solar panels in Pembroke?
The average cost of solar panels in Pembroke is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Pembroke?
You can't get solar panels for free in Pembroke. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Pembroke, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Pembroke?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.