Solar Panel Cost Guide in Putnam Valley, NY (2025 Update)

  • Putnam Valley Solar Installation Cost: $11,042
  • 25-Year Savings: $13,363
  • Payback Period: 12.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 24, 2025

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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 Putnam Valley

See how much it might cost to make the switch to solar in Putnam Valley.

While the national average of solar panels is $2.66 per watt, solar panels in Putnam Valley generally cost about 4.The average Putnam Valley homeowner needs a 4.3-kilowatt system, which would cost about $11,042 with the federal tax credit, or $15,790 before the 0 tax credit is applied.

The true cost of your system can be above or below the average in Putnam Valley depending on a few factors, such as the type of solar panels you choose and the solar contractor you hire.Even with the significant upfront cost, the average Putnam Valley homeowner can save around $20,000 on their electricity bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a top solar company in Putnam Valley that can help you get a more accurate cost estimate for your home.

Solar savings over time in Putnam Valley

YearReturn on Investment
1 years$-9,753
3 years$-7,175
5 years$-4,598
7 years$-2,020
9 years$557
11 years$3,135
13 years$5,713
15 years$8,290
17 years$10,868
19 years$13,445
21 years$16,023
23 years$18,601
25 years$21,178

Top Solar Installers in Putnam Valley

When making the switch to solar, many homeowners prefer to use a solar installer since installing solar panels yourself can be a challenging project. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and system component replacements.

There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

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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 Putnam Valley

Factors that Affect Solar Panel Costs in Putnam Valley

The cost of installing a solar system in Putnam Valley can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Putnam Valley, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of 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

Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Putnam Valley homeowners opt to finance their solar panel systems to offset upfront costs.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar company you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Putnam Valley, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.

Solar Panel Cost Data by System Size

System sizeCost per system wattSolar system cost25-Year savingsPayback period
6 kW$3.80$15,943$14,99912.9 years
8 kW$3.72$20,849$20,40712.6 years
10 kW$3.65$25,550$26,02012.4 years
12 kW$3.58$30,047$31,83712.1 years
14 kW$3.50$34,339$37,85911.9 years
16 kW$3.43$38,427$44,08511.6 years
18 kW$3.36$42,311$50,51511.4 years
20 kW$3.29$45,990$57,15011.1 years

How to Save on Solar Panels

There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:

  • Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
  • Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Contract: Though reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though 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 make sure you ask for their list of options before deciding.
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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 Putnam Valley, NY Solar Cost FAQs

What is the average cost of installing solar panels in Putnam Valley?

The average cost of solar panels in Putnam Valley is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Putnam Valley?

Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The drawback 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.

Is making the switch to solar worth it?

Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.

What solar power system size is right for my home?

To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.