Solar Panel Cost Guide in Sand Lake, NY (Feb 2023)

  • Sand Lake Solar Installation Cost: $9,416
  • 25-Year Savings: $6,087
  • Payback Period: 15.2 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Sand Lake

We break down average solar pricing in Sand Lake.

The average cost of a solar system in Sand Lake is $3 per watt. To cover the typical energy usage of the average home in Sand Lake, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,416, or $6,968 after the federal solar tax credit of 30% is applied.

These figures are just estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you go with. Despite the high upfront cost, the average Sand Lake homeowner can save about $13,000 on their electricity bills over 20 years, which is one of the perks of solar.

Click the button below to get connected to a highly rated solar panel company in Sand Lake for a customized quote.

Solar savings over time in Sand Lake

Year Return on Investment
1 years $-8,796
3 years $-7,556
5 years $-6,316
7 years $-5,075
9 years $-3,835
11 years $-2,595
13 years $-1,355
15 years $-114
17 years $1,126
19 years $2,366
21 years $3,607
23 years $4,847
25 years $6,087

Top Solar Installers in Sand Lake

Many homeowners decide to hire a solar installation company since installing solar panels on your own can be challenging. Plus, if you're unsure what type of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.

Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Sand Lake

Factors that Affect Solar Panel Costs in Sand Lake

For many Sand Lake homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Sand Lake, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you pick also changes the cost. In many cases, the brands that have better efficiency 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 Sand Lake to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. Although solar loans make going solar more accessible for Sand Lake homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar panel installation company you select will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also is within your budget.

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 $7,503 15.8 years
8 kW $3.01 $16,850 $10,335 15.5 years
10 kW $2.95 $20,650 $13,332 15.2 years
12 kW $2.89 $24,284 $16,494 14.9 years
14 kW $2.83 $27,754 $19,821 14.6 years
16 kW $2.77 $31,058 $23,313 14.3 years
18 kW $2.71 $34,196 $26,971 14.0 years
20 kW $2.66 $37,170 $30,793 13.7 years

How to Save on Solar Panels

The solar company you choose will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:

  • Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
  • Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
  • Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Sand Lake, NY Solar Cost FAQs

What is the average cost of installing solar panels in Sand Lake?

This is a tough question to answer exactly, because the cost depends on a few different 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Is it better to lease or buy solar panels in Sand Lake?

Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Do solar panels increase how much your home is worth?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Sand Lake is currently $241,942, so you can look forward to a value of about $9,920 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sand Lake is a worthwhile investment.

How many solar panels should I get 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 get 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.

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