Solar Panel Cost Guide in Putnam Valley, NY (2024 Update)
- Putnam Valley Solar Installation Cost: $11,042
- 25-Year Savings: $13,363
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Putnam Valley
See how much it might cost to make the switch to solar in Putnam Valley.
The national average cost of solar panels is $2.66 per watt, but in Putnam Valley it’s 4 per watt.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.
These figures are only averages, and your own solar costs may differ based on your energy needs and what company you want to go with.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Putnam Valley see about $20,000 in savings on electricity bills over 20 years.
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
| Year | Return 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
Installing solar panels by yourself can be a challenging task, which is why using a solar installation company is a good option for many homeowners. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- 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
For many Putnam Valley homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Putnam Valley, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in Putnam Valley, 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 total cost can increase by about $3,650 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Putnam Valley, 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Putnam Valley, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies in Putnam Valley, and each can charge different amounts for labor and equipment.You may see national solar installers that have lower prices due to their larger 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 | $14,999 | 12.9 years |
| 8 kW | $3.72 | $20,849 | $20,407 | 12.6 years |
| 10 kW | $3.65 | $25,550 | $26,020 | 12.4 years |
| 12 kW | $3.58 | $30,047 | $31,837 | 12.1 years |
| 14 kW | $3.50 | $34,339 | $37,859 | 11.9 years |
| 16 kW | $3.43 | $38,427 | $44,085 | 11.6 years |
| 18 kW | $3.36 | $42,311 | $50,515 | 11.4 years |
| 20 kW | $3.29 | $45,990 | $57,150 | 11.1 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When making the switch to solar power, it’s crucial to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project timeline.
- Warranty: Warranties that cover replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar panel installer you’re considering has it.
Best National Provider
SunPower
- 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
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- 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
How much does it cost to install solar panels in Putnam Valley?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Putnam Valley?
Leasing solar panels can be an appealing choice, because it commonly 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Putnam Valley?
Solar panels can be a beneficial investment for many 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 pretty low, solar panels might not be for you.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.