Solar Panel Cost Guide in Pound Ridge, NY (2024 Update)

  • Pound Ridge Solar Installation Cost: $10,696
  • 25-Year Savings: $15,425
  • Payback Period: 11.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Pound Ridge

Find out what the average cost of solar panel installation is in Pound Ridge.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Pound Ridge, the typical cost of a solar system is 4 per watt.Since a 4.2-kW system is needed to cover the energy needs of a typical home in Pound Ridge, the average price of going solar will be about $10,696 after claiming the federal solar tax credit of 0.

These figures are only averages, and how much solar costs for you will most likely look different based on factors unique to your home and what company you choose to go with.With typical savings of about $22,000 on energy bills over 20 years, many homeowners in Pound Ridge find going solar can pay off big.

Click the button below to get connected to a highly rated solar company in Pound Ridge for a customized estimate.

Solar savings over time in Pound Ridge

Year Return on Investment
1 years $-8,816
3 years $-5,057
5 years $-1,298
7 years $2,462
9 years $6,221
11 years $9,981
13 years $13,740
15 years $17,499
17 years $21,259
19 years $25,018
21 years $28,777
23 years $32,537
25 years $36,296

Top Solar Installers in Pound Ridge

Many homeowners choose to hire a solar installer since figuring out how to install solar panels yourself can be challenging. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company too, which can save you more money after your initial investment.

Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Pound Ridge

Factors that Affect Solar Panel Costs in Pound Ridge

Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Pound Ridge: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Pound Ridge, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

If paying for a solar system in cash is too expensive, solar loans are an affordable choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.

Solar Panel Installation Company

The solar installation company you select will impact 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 $3.80 $15,943 $18,554 11.6 years
8 kW $3.72 $20,849 $25,148 11.3 years
10 kW $3.65 $25,550 $31,946 11.1 years
12 kW $3.58 $30,047 $38,949 10.9 years
14 kW $3.50 $34,339 $46,155 10.7 years
16 kW $3.43 $38,427 $53,567 10.4 years
18 kW $3.36 $42,311 $61,182 10.2 years
20 kW $3.29 $45,990 $69,002 10.0 years

How to Save on Solar Panels

Since the brand of solar panels and the company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Contract: When looking over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
  • Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of options before deciding.
  • Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Pound Ridge, NY Solar Cost FAQs

How much does it cost to install solar panels in Pound Ridge?

The average cost of solar panels in Pound Ridge is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on things 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 Pound Ridge?

You can’t get solar panels for free in Pound Ridge. However, you may still be able to get 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.

How much can I save on power bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,149.92 per year.

How long do solar panels last in Pound Ridge?

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 larger 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.

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