Solar Panel Cost Guide in Schroeppel, NY (2023 Update)
- Schroeppel Solar Installation Cost: $9,461
- 25-Year Savings: $6,962
- Payback Period: 14.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Schroeppel
Find out how much it might cost to go solar in Schroeppel.
While the national average of solar panels is $2.66 per watt, solar panels in Schroeppel typically cost about 2.95. The average solar panel system size in Schroeppel is around 4.6 kilowatts, meaning a cost of about $9,458 for a solar installation, or $13,525 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Schroeppel homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $14,000 over 20 years on power bills.
You can click the button below to get connected with a top solar installer in Schroeppel that can help you get a more accurate cost estimate for your home.
Solar savings over time in Schroeppel
| Year | Return on Investment |
|---|---|
| 1 years | $-8,552 |
| 3 years | $-6,735 |
| 5 years | $-4,918 |
| 7 years | $-3,101 |
| 9 years | $-1,284 |
| 11 years | $533 |
| 13 years | $2,351 |
| 15 years | $4,168 |
| 17 years | $5,985 |
| 19 years | $7,802 |
| 21 years | $9,619 |
| 23 years | $11,436 |
| 25 years | $13,253 |
Top Solar Installers in Schroeppel
Although you can install solar panels by yourself, it requires extra labor and handiness. Because of that, almost all homeowners choose a solar panel installer. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
If you'd like to switch to solar energy but still aren't certain which solar system installer to go with, here are our suggestions for providers in Schroeppel:
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 Schroeppel
Factors that Affect Solar Panel Costs in Schroeppel
The cost of installing a solar system in Schroeppel can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Schroeppel, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $2,950 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Schroeppel average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid option because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind 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
Finally, the company you choose to install your solar panel system can influence your pricing. Schroeppel's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Schroeppel know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $8,621 | 15.0 years |
| 8 kW | $3.01 | $16,850 | $11,826 | 14.7 years |
| 10 kW | $2.95 | $20,650 | $15,195 | 14.4 years |
| 12 kW | $2.89 | $24,284 | $18,730 | 14.1 years |
| 14 kW | $2.83 | $27,754 | $22,430 | 13.8 years |
| 16 kW | $2.77 | $31,058 | $26,295 | 13.5 years |
| 18 kW | $2.71 | $34,196 | $30,325 | 13.3 years |
| 20 kW | $2.66 | $37,170 | $34,520 | 13.0 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Solar Panel Brands: The brand of solar panel you want plays a role in which company you should opt for, since different companies provide different panels.
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 Schroeppel, NY Solar Cost FAQs
What is the average cost of installing solar panels in Schroeppel?
This is a difficult question to answer precisely, because the cost depends on many 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Schroeppel?
You can't get solar panels for free in Schroeppel. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.