Solar Panel Cost Guide in Red Hook, NY (Jan 2023)
- Red Hook Solar Installation Cost: $8,983
- 25-Year Savings: $11,363
- Payback Period: 11.0 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Red Hook
We go over average solar pricing in Red Hook.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Red Hook, the average cost of a solar system is $3 per watt. Using this figure, a typical 4.3 would cost about $8,983 before the 30% federal solar tax credit is applied.
The true price you pay can go above or below the average in Red Hook based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. With typical savings of about $18,000 on electricity bills over 20 years, many homeowners in Red Hook find going solar can be quite rewarding.
Click the button below to get connected to a top solar panel company in your area for a personalized estimate.
Solar savings over time in Red Hook
| Year | Return on Investment |
|---|---|
| 1 years | $-8,169 |
| 3 years | $-6,541 |
| 5 years | $-4,914 |
| 7 years | $-3,286 |
| 9 years | $-1,658 |
| 11 years | $-31 |
| 13 years | $1,597 |
| 15 years | $3,224 |
| 17 years | $4,852 |
| 19 years | $6,480 |
| 21 years | $8,107 |
| 23 years | $9,735 |
| 25 years | $11,363 |
Top Solar Installers in Red Hook
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar panel installer can make switching to solar power much easier. Also, if you'd like to maximize your investment in solar power, going with a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
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 install a solar energy system 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 size of the solar energy system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,950. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Red Hook, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of 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
If paying for solar panels in cash is too expensive, solar loans are a solid option because they lower your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your total costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Red Hook are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- 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 good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Red Hook, NY Solar Cost FAQs
How much does it cost to install solar panels in Red Hook?
This is a tough question to answer exactly, because the cost depends on a few different 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost 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 take into account are the quality and durability of your solar panels.
Does Red Hook have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.