Solar Panel Cost Guide in Spackenkill, NY (2023 Update)
- Spackenkill Solar Installation Cost: $8,985
- 25-Year Savings: $13,015
- Payback Period: 10.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Spackenkill
See how much it might cost to install solar panels in Spackenkill.
Although the national average of solar panels is $2.66 per watt, solar panels in Spackenkill generally cost around 2.95. Because a 4.3-kW system is needed to cover the energy consumption of a typical home in Spackenkill, the average price of going solar will be about $8,983 after claiming the federal solar tax credit of 30%.
The true price you pay can be above or below the average in Spackenkill depending on a few factors, such as the model of solar panels you choose and the solar company you hire. But, after you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
You can click the button below to get connected with a pre-vetted solar company in Spackenkill that can help you get a more accurate cost estimate for your home.
Solar savings over time in Spackenkill
| Year | Return on Investment |
|---|---|
| 1 years | $-7,722 |
| 3 years | $-5,196 |
| 5 years | $-2,669 |
| 7 years | $-143 |
| 9 years | $2,384 |
| 11 years | $4,910 |
| 13 years | $7,436 |
| 15 years | $9,963 |
| 17 years | $12,489 |
| 19 years | $15,016 |
| 21 years | $17,542 |
| 23 years | $20,068 |
| 25 years | $22,595 |
Top Solar Installers in Spackenkill
Although it's possible to install solar panels by yourself, it involves extra labor and knowledge. Because of that, most people choose to hire a solar panel installer. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some nearby:
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 Spackenkill
Factors that Affect Solar Panel Costs in Spackenkill
There are a number of factors that can affect your solar system 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 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 power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,950 per kilowatt in Spackenkill. The solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more in the long run on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Spackenkill average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Spackenkill, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can play a part in determining how much you pay. Spackenkill's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Spackenkill are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $17,451 | 10.6 years |
| 8 kW | $3.01 | $16,850 | $23,599 | 10.4 years |
| 10 kW | $2.95 | $20,650 | $29,912 | 10.2 years |
| 12 kW | $2.89 | $24,284 | $36,389 | 10.0 years |
| 14 kW | $2.83 | $27,754 | $43,033 | 9.8 years |
| 16 kW | $2.77 | $31,058 | $49,841 | 9.6 years |
| 18 kW | $2.71 | $34,196 | $56,814 | 9.4 years |
| 20 kW | $2.66 | $37,170 | $63,953 | 9.2 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, including:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The model of solar panel you'd like plays a role in which company you should choose, 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 Spackenkill, NY Solar Cost FAQs
What is the average cost of installing solar panels in Spackenkill?
The average cost of solar panels in Spackenkill 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Spackenkill?
You can't get solar panels for free in Spackenkill. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Spackenkill is currently $232,857, which means you could be looking at a value of about $9,547 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Spackenkill is a fruitful investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.