Solar Panel Cost Guide in Shawangunk, NY (2023 Update)
- Shawangunk Solar Installation Cost: $9,002
- 25-Year Savings: $12,399
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Shawangunk
Find out what the average cost of a solar system is in Shawangunk.
The average cost of a solar system in Shawangunk is 2.95 per watt. Since a 4.4-kW system is needed to cover the energy usage of a typical home in Shawangunk, the average price of going solar will be about $9,003 after claiming the federal solar tax credit of 30%.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more. Many homeowners find adopting solar power is a solid investment. The average homeowner in Shawangunk can save around $19,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Shawangunk
| Year | Return on Investment |
|---|---|
| 1 years | $-7,848 |
| 3 years | $-5,540 |
| 5 years | $-3,232 |
| 7 years | $-924 |
| 9 years | $1,383 |
| 11 years | $3,691 |
| 13 years | $5,999 |
| 15 years | $8,307 |
| 17 years | $10,614 |
| 19 years | $12,922 |
| 21 years | $15,230 |
| 23 years | $17,538 |
| 25 years | $19,845 |
Top Solar Installers in Shawangunk
Many homeowners decide to use a solar panel company since trying to put up solar panels by yourself can be time-consuming. Plus, if you're not certain what type of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
Working with a licensed solar installer can help your solar project go smoothly. Here are our recommendations:
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
The cost of installing a solar system in Shawangunk 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 equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Shawangunk. The kind of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Shawangunk to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. However, the interest on solar loans also increases your overall costs, so it's vital to include that in your estimate 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 remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Shawangunk, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: Although reading through a contract can be tedious, it's important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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
What is the average cost of installing solar panels in Shawangunk?
This is a difficult question to answer precisely, 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Shawangunk?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future energy bills.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.