Solar Panel Cost Guide in Red Hook, NY (2023 Update)
- Red Hook Solar Installation Cost: $8,985
- 25-Year Savings: $11,360
- Payback Period: 11.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Red Hook
Here's how much it might cost to switch to solar power in Red Hook.
The average cost of solar panels in Red Hook is 2.95 per watt. The average solar panel system size in Red Hook is around 4.3 kilowatts, meaning a cost of about $8,983 for a solar installation, or $12,846 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary depending on a few factors, such as what size system you need, your energy usage and what installation company you go with. Even with the significant upfront cost, the average Red Hook homeowner can save about $18,000 on their energy bills over 20 years, which is one of the benefits of solar.
To get a free quote from a highly rated solar installation company in Red Hook, you can click the button below.
Solar savings over time in Red Hook
| Year | Return on Investment |
|---|---|
| 1 years | $-8,917 |
| 3 years | $-8,782 |
| 5 years | $-8,646 |
| 7 years | $-8,511 |
| 9 years | $-8,375 |
| 11 years | $-8,239 |
| 13 years | $-8,104 |
| 15 years | $-7,968 |
| 17 years | $-7,832 |
| 19 years | $-7,697 |
| 21 years | $-7,561 |
| 23 years | $-7,425 |
| 25 years | $-7,290 |
Top Solar Installers in Red Hook
Although it's possible to install solar panels by yourself, it takes extra effort and know-how. That's why most homeowners choose a solar panel installer. Another perk of working with a solar company is that they can help you optimize your ROI by cutting back on future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
Working with a professional solar company can make going solar easier. 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
See all of the solar companies in Red Hook
Factors that Affect Solar Panel Costs in Red Hook
For many Red Hook homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Red Hook, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems 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 that have greater efficiency or power generation need 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 $2,950. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Red Hook to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. While solar loans make switching to solar energy more accessible for Red Hook homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have 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 down to compete with bigger names.
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 | $15,169 | 11.5 years |
| 8 kW | $3.01 | $16,850 | $20,555 | 11.3 years |
| 10 kW | $2.95 | $20,650 | $26,107 | 11.0 years |
| 12 kW | $2.89 | $24,284 | $31,824 | 10.8 years |
| 14 kW | $2.83 | $27,754 | $37,707 | 10.6 years |
| 16 kW | $2.77 | $31,058 | $43,754 | 10.4 years |
| 18 kW | $2.71 | $34,196 | $49,967 | 10.2 years |
| 20 kW | $2.66 | $37,170 | $56,345 | 9.9 years |
How to Save on Solar Panels
There are many companies available in Red Hook, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Warranty: If you're worried about the durability of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
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 Red Hook, NY Solar Cost FAQs
What is the average cost of installing solar panels in Red Hook?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally 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 other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Red Hook?
A solar panel system isn't free in Red Hook, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Can you sell solar power back to the grid in Red Hook?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
What solar power system size is right for my home?
To figure out how many solar panels 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 house 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.