Solar Panel Cost Guide in Roosevelt, NY (2023 Update)
- Roosevelt Solar Installation Cost: $7,950
- 25-Year Savings: $13,658
- Payback Period: 9.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Roosevelt
We break down average solar pricing in Roosevelt.
In Roosevelt, solar panels cost about 2.95 per watt on average. Because a 3.9-kW system is needed to cover the energy costs of a typical home in Roosevelt, the average price of going solar will be about $7,950 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what installation company you go with. But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on energy bills.
To get a free quote from a highly rated solar company in Roosevelt, you can click the button below.
Solar savings over time in Roosevelt
| Year | Return on Investment |
|---|---|
| 1 years | $-7,086 |
| 3 years | $-5,357 |
| 5 years | $-3,629 |
| 7 years | $-1,900 |
| 9 years | $-171 |
| 11 years | $1,557 |
| 13 years | $3,286 |
| 15 years | $5,014 |
| 17 years | $6,743 |
| 19 years | $8,472 |
| 21 years | $10,200 |
| 23 years | $11,929 |
| 25 years | $13,658 |
Top Solar Installers in Roosevelt
Putting up solar panels on your own can be a challenging task, which is why using a solar installation company is a good option for many homeowners. Plus, if you'd like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives and net metering programs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Roosevelt
Factors that Affect Solar Panel Costs in Roosevelt
Even though the average cost of a solar system in Roosevelt is $7,950, your final cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Roosevelt. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Roosevelt, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your overall costs, so it's important 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 making a larger down payment.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in your total costs. 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 discount can bring their pricing lower 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 | $20,803 | 9.6 years |
| 8 kW | $3.01 | $16,850 | $28,068 | 9.4 years |
| 10 kW | $2.95 | $20,650 | $35,498 | 9.2 years |
| 12 kW | $2.89 | $24,284 | $43,093 | 9.0 years |
| 14 kW | $2.83 | $27,754 | $50,853 | 8.8 years |
| 16 kW | $2.77 | $31,058 | $58,778 | 8.6 years |
| 18 kW | $2.71 | $34,196 | $66,869 | 8.5 years |
| 20 kW | $2.66 | $37,170 | $75,125 | 8.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you choose.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
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 Roosevelt, NY Solar Cost FAQs
How much does it cost to install solar panels in Roosevelt?
The average cost of solar panels in Roosevelt is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Roosevelt?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside 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 option if you want to get the most savings.
How will having solar panels impact my property value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't opt for 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."
How long do solar panels last in Roosevelt?
On average, solar panels can last 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 higher level 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.