Solar Panel Cost Guide in Philipstown, NY (2023 Update)
- Philipstown Solar Installation Cost: $8,924
- 25-Year Savings: $14,096
- Payback Period: 9.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Philipstown
Here's how much it might cost to go solar in Philipstown.
The national average cost of solar panels is $2.66 per watt, but in Philipstown it's 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 actual price you pay can be above or below the average in Philipstown based on a few factors, such as the model of solar panels you choose and the solar installer you hire. Despite the high initial cost, the average Philipstown homeowner can save around $20,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Philipstown
| Year | Return on Investment |
|---|---|
| 1 years | $-8,847 |
| 3 years | $-8,694 |
| 5 years | $-8,540 |
| 7 years | $-8,387 |
| 9 years | $-8,234 |
| 11 years | $-8,080 |
| 13 years | $-7,927 |
| 15 years | $-7,773 |
| 17 years | $-7,620 |
| 19 years | $-7,466 |
| 21 years | $-7,313 |
| 23 years | $-7,159 |
| 25 years | $-7,006 |
Top Solar Installers in Philipstown
Many homeowners opt for a solar panel installer since trying to put up solar panels by yourself can be hard. Plus, if you're not certain what type of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
If you'd like to start using solar energy but still aren't certain which solar 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
See all of the solar companies in Philipstown
Factors that Affect Solar Panel Costs in Philipstown
While the average cost of a solar system in Philipstown is $8,921, your final cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar panel system in Philipstown, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can increase or decrease 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 greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Philipstown, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger 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 solar company you hire to handle your switch to green energy can play a part in your total costs. There are about 3 solar installation companies in Philipstown, and each can charge varying amounts for labor and equipment. The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $3.07 | $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
The solar panel company you choose will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Installation Process: When making the switch to solar, it's important to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the project timeline.
- Contract: When looking through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: The brand of solar panel you want plays a role in which installer you should go with, since different companies have 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 Philipstown, NY Solar Cost FAQs
How much does it cost to install solar panels in Philipstown?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 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 opt for a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Philipstown is currently $507,429, which means you can look forward to a value of about $20,805 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Philipstown is a fruitful investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.