Solar Panel Cost Guide in Rockville Centre, NY (2023 Update)
- Rockville Centre Solar Installation Cost: $7,950
- 25-Year Savings: $13,404
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Rockville Centre
Let's take a look at the average cost of solar in Rockville Centre.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rockville Centre, the average cost of a solar system is 2.95 per watt. Since a 3.9-kW system is needed to cover the energy needs of a typical home in Rockville Centre, the average price of going solar will be about $7,950 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of equipment you want to get, your solar contractor and more. For most homeowners, the upfront investment in solar is worth paying. On average Rockville Centre homeowners see about $21,000 in savings on electricity bills over 20 years.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Rockville Centre
| Year | Return on Investment |
|---|---|
| 1 years | $-7,096 |
| 3 years | $-5,388 |
| 5 years | $-3,679 |
| 7 years | $-1,971 |
| 9 years | $-263 |
| 11 years | $1,445 |
| 13 years | $3,154 |
| 15 years | $4,862 |
| 17 years | $6,570 |
| 19 years | $8,279 |
| 21 years | $9,987 |
| 23 years | $11,695 |
| 25 years | $13,404 |
Top Solar Installers in Rockville Centre
Although you can install solar panels on your own, it takes extra energy and know-how. That's why most homeowners choose to go with a solar panel installer. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our recommendations for providers nearby:
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 Rockville Centre
Factors that Affect Solar Panel Costs in Rockville Centre
The cost of installing a solar system in Rockville Centre can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Rockville Centre provide solar loans, which reduce your upfront costs of installing solar panels. However, the interest on solar loans also increases your overall costs, so it's important to consider that 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
Finally, the company you opt for to install your solar system can play a part in determining the cost. Rockville Centre's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation 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 can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $20,407 | 9.7 years |
| 8 kW | $3.01 | $16,850 | $27,540 | 9.5 years |
| 10 kW | $2.95 | $20,650 | $34,838 | 9.3 years |
| 12 kW | $2.89 | $24,284 | $42,301 | 9.1 years |
| 14 kW | $2.83 | $27,754 | $49,929 | 8.9 years |
| 16 kW | $2.77 | $31,058 | $57,723 | 8.7 years |
| 18 kW | $2.71 | $34,196 | $65,681 | 8.6 years |
| 20 kW | $2.66 | $37,170 | $73,805 | 8.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
- Contract: Even 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.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Different companies will have different brands and models of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
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 Rockville Centre, NY Solar Cost FAQs
How much does it cost to install solar panels in Rockville Centre?
This is a hard 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Rockville Centre?
Leasing solar panels can be an appealing choice, as it often 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 get the most savings.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
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 typically produce about 250 to 400 watt-hours per hour, the average home 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.