Solar Panel Cost Guide in Shawangunk, NY (2023 Update)
- Shawangunk Solar Installation Cost: $9,003
- 25-Year Savings: $12,397
- Payback Period: 10.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Shawangunk
Find out what the average cost of solar panels are in Shawangunk.
The national average cost of solar panels is $2.66 per watt, but in Shawangunk it's 2.95 per watt. The average Shawangunk homeowner needs a 4.4-kilowatt system, which would cost about $9,003 with the federal tax credit, or $12,874 before the 30% tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely look different based on the amount of energy your home requires and what company you go with. But, once you've paid the initial cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $19,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Shawangunk
| Year | Return on Investment |
|---|---|
| 1 years | $-8,147 |
| 3 years | $-6,435 |
| 5 years | $-4,723 |
| 7 years | $-3,011 |
| 9 years | $-1,299 |
| 11 years | $413 |
| 13 years | $2,125 |
| 15 years | $3,837 |
| 17 years | $5,549 |
| 19 years | $7,261 |
| 21 years | $8,973 |
| 23 years | $10,685 |
| 25 years | $12,397 |
Top Solar Installers in Shawangunk
Many homeowners opt for a solar installer since trying to put up solar panels on your own can be a lot of work. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your family.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Shawangunk:
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 Shawangunk
Factors that Affect Solar Panel Costs in Shawangunk
Even though the average cost of a solar system in Shawangunk is $9,003, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of a solar system in Shawangunk, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $2,950 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Shawangunk offer solar loans, which reduce the initial cost of installing solar panels. 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 lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating in Shawangunk, and each can charge different amounts for labor and equipment. The company's size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they generally 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 | $16,570 | 10.9 years |
| 8 kW | $3.01 | $16,850 | $22,424 | 10.7 years |
| 10 kW | $2.95 | $20,650 | $28,443 | 10.5 years |
| 12 kW | $2.89 | $24,284 | $34,627 | 10.3 years |
| 14 kW | $2.83 | $27,754 | $40,976 | 10.1 years |
| 16 kW | $2.77 | $31,058 | $47,490 | 9.9 years |
| 18 kW | $2.71 | $34,196 | $54,170 | 9.7 years |
| 20 kW | $2.66 | $37,170 | $61,015 | 9.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Different companies will offer different brands and kinds of panels. If you prefer 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 Shawangunk, NY Solar Cost FAQs
How much does it cost to install solar panels in Shawangunk?
The average cost of solar panels in Shawangunk is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Shawangunk?
A solar panel system isn't free in Shawangunk, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Solar panels can increase your home value considerably 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 a solar system."
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 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.