Solar Panel Cost Guide in Philipstown, NY (2023 Update)
- Philipstown Solar Installation Cost: $8,921
- 25-Year Savings: $14,099
- Payback Period: 9.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Philipstown
Find out what the average cost of installing solar panels is in Philipstown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Philipstown, the typical cost of solar panels is 2.95 per watt. Using this figure, a typical 4.3-kW system would cost about $8,921 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary based on several factors, such as what size system you need, your energy consumption and what installation company you go with. For many homeowners, the upfront cost of solar is worth paying. On average you could be looking at about $20,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar panel company in Philipstown for a customized estimate.
Solar savings over time in Philipstown
| Year | Return on Investment |
|---|---|
| 1 years | $-8,000 |
| 3 years | $-6,158 |
| 5 years | $-4,317 |
| 7 years | $-2,475 |
| 9 years | $-634 |
| 11 years | $1,208 |
| 13 years | $3,050 |
| 15 years | $4,891 |
| 17 years | $6,733 |
| 19 years | $8,574 |
| 21 years | $10,416 |
| 23 years | $12,258 |
| 25 years | $14,099 |
Top Solar Installers in Philipstown
Do-it-yourself 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. Going with a solar company can make swapping over to solar power much easier. Plus, if you're unsure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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 Philipstown
Factors that Affect Solar Panel Costs in Philipstown
There are many criteria that can influence your total 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use 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 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 more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Philipstown homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your overall costs, so it's crucial to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Philipstown is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets. You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $19,074 | 10.1 years |
| 8 kW | $3.01 | $16,850 | $25,763 | 9.9 years |
| 10 kW | $2.95 | $20,650 | $32,617 | 9.7 years |
| 12 kW | $2.89 | $24,284 | $39,636 | 9.5 years |
| 14 kW | $2.83 | $27,754 | $46,820 | 9.3 years |
| 16 kW | $2.77 | $31,058 | $54,169 | 9.1 years |
| 18 kW | $2.71 | $34,196 | $61,684 | 8.9 years |
| 20 kW | $2.66 | $37,170 | $69,363 | 8.7 years |
How to Save on Solar Panels
There are a large number of companies available in Philipstown, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Make sure you're on the same page with the company in regard to how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Contract: It's important to read through your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
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 Philipstown, NY Solar Cost FAQs
What is the average cost of installing solar panels in Philipstown?
The average cost of solar panels in Philipstown 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 things like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Philipstown?
You can't get solar panels for free in Philipstown. 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 want to own your solar panels, you can finance them with a solar loan.
Is going solar worth it?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Philipstown?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can keep using them at a lower efficiency.
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.