Solar Panel Cost Guide in South Blooming Grove, NY (Mar 2023)
- South Blooming Grove Solar Installation Cost: $8,941
- 25-Year Savings: $16,883
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in South Blooming Grove
Find out what the average cost of solar panel installation is in South Blooming Grove.
Currently, the national average cost of solar panels is $2.66 per watt. However, in South Blooming Grove, the average cost of a solar system is 2.95 per watt. Using this figure, a typical 4.3-kW system would cost about $8,941 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will differ based on factors unique to your home and what company you choose to go with. Even with the significant upfront cost, the average South Blooming Grove homeowner can save about $23,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To receive a free quote from a vetted solar installation company in South Blooming Grove, you can click the button below.
Solar savings over time in South Blooming Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-7,908 |
| 3 years | $-5,842 |
| 5 years | $-3,776 |
| 7 years | $-1,711 |
| 9 years | $355 |
| 11 years | $2,421 |
| 13 years | $4,487 |
| 15 years | $6,553 |
| 17 years | $8,619 |
| 19 years | $10,685 |
| 21 years | $12,751 |
| 23 years | $14,817 |
| 25 years | $16,883 |
Top Solar Installers in South Blooming Grove
When switching to solar energy, many homeowners prefer to hire a solar company since putting up solar panels yourself can be a difficult project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
Working with a professional solar company 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
Best Technology
Tesla Energy
- 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 South Blooming Grove
Factors that Affect Solar Panel Costs in South Blooming Grove
There are many factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 spend around $2,950 per kilowatt in South Blooming Grove. The model of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to consider 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's in your budget.
Solar Financing Terms
Most solar companies in South Blooming Grove have solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also increases your overall costs, so it's crucial to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in South Blooming Grove is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services for different budgets. 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 provides the products, warranties and services you're looking for and also fits 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 | $22,917 | 9.0 years |
| 8 kW | $3.01 | $16,850 | $30,887 | 8.8 years |
| 10 kW | $2.95 | $20,650 | $39,021 | 8.7 years |
| 12 kW | $2.89 | $24,284 | $47,321 | 8.5 years |
| 14 kW | $2.83 | $27,754 | $55,786 | 8.3 years |
| 16 kW | $2.77 | $31,058 | $64,416 | 8.1 years |
| 18 kW | $2.71 | $34,196 | $73,212 | 8.0 years |
| 20 kW | $2.66 | $37,170 | $82,173 | 7.8 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 South Blooming Grove, NY Solar Cost FAQs
How much does it cost to install solar panels in South Blooming Grove?
This is a tough 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,193.43 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 install 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.