Solar Panel Cost Guide in South Farmingdale, NY (2024 Update)
- South Farmingdale Solar Installation Cost: $9,833
- 25-Year Savings: $14,424
- Payback Period: 11.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in South Farmingdale
Find out what the average cost of solar panels are in South Farmingdale.
Currently, the national average cost of solar panels is $2.66 per watt. However, in South Farmingdale, the typical cost of solar panels is 4 per watt.Since a 3.8-kW system is needed to cover the energy usage of a typical home in South Farmingdale, the average price of going solar will be about $9,833 after claiming the federal solar tax credit of 0.
The actual price you pay can go higher or lower than the average in South Farmingdale based on a few factors, such as the brand of solar panels you choose and the solar contractor you hire.Even with the high upfront cost, the average South Farmingdale homeowner can save about $22,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar installer in South Farmingdale that can help you get a more accurate cost estimate for your home.
Solar savings over time in South Farmingdale
Year | Return on Investment |
---|---|
1 years | $-8,307 |
3 years | $-5,257 |
5 years | $-2,206 |
7 years | $845 |
9 years | $3,896 |
11 years | $6,946 |
13 years | $9,997 |
15 years | $13,048 |
17 years | $16,098 |
19 years | $19,149 |
21 years | $22,200 |
23 years | $25,250 |
25 years | $28,301 |
Top Solar Installers in South Farmingdale
Trying to put up solar panels on your own can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money after your initial investment.
Working with a vetted solar installer can make going solar easier. 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in South Farmingdale
Factors that Affect Solar Panel Costs in South Farmingdale
For many South Farmingdale homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in South Farmingdale, 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
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like South Farmingdale, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many South Farmingdale homeowners opt to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you choose to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies in South Farmingdale, and each can charge varying amounts for labor and equipment.Additionally, some companies in South Farmingdale are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.80 | $15,943 | $18,935 | 11.4 years |
8 kW | $3.72 | $20,849 | $25,656 | 11.2 years |
10 kW | $3.65 | $25,550 | $32,580 | 11.0 years |
12 kW | $3.58 | $30,047 | $39,710 | 10.8 years |
14 kW | $3.50 | $34,339 | $47,043 | 10.5 years |
16 kW | $3.43 | $38,427 | $54,581 | 10.3 years |
18 kW | $3.36 | $42,311 | $62,324 | 10.1 years |
20 kW | $3.29 | $45,990 | $70,271 | 9.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Make sure you’re aligned with the installer regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's South Farmingdale, NY Solar Cost FAQs
What is the average cost of installing solar panels in South Farmingdale?
The average cost of solar panels in South Farmingdale is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in South Farmingdale?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
How will installing solar panels impact how much my home is worth?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in South Farmingdale is currently $650,337, so you can look forward to a value of about $26,664 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in South Farmingdale is a worthwhile investment.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.