Solar Panel Cost Guide in Spackenkill, NY (Dec 2022)

  • Spackenkill Solar Installation Cost: $8,983
  • 25-Year Savings: $13,018
  • Payback Period: 10.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Spackenkill

Let's have a look at the average cost of solar in Spackenkill.

The average cost of a solar system in Spackenkill is $3 per watt. The average Spackenkill homeowner needs a 4.3-kilowatt system, which would cost about $8,983, or $6,647 after the federal solar tax credit of 30% is applied.

Keep in mind that the figures above are only estimates based on the average Spackenkill homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a solid investment. The average homeowner in Spackenkill can save about $19,000 on their electricity bills over 20 years.

You can click the button below to get connected with a top solar company in Spackenkill for a quote for your home.

Solar savings over time in Spackenkill

Year Return on Investment
1 years $-8,103
3 years $-6,343
5 years $-4,583
7 years $-2,823
9 years $-1,063
11 years $697
13 years $2,458
15 years $4,218
17 years $5,978
19 years $7,738
21 years $9,498
23 years $11,258
25 years $13,018

Top Solar Installers in Spackenkill

Trying to put up solar panels by yourself can be a challenging project, which is why using a solar installation company is a good option for many homeowners. Solar warranties and repairs are typically included in the cost of installation when you opt for a solar company too, which can save you more money after your initial investment.

If you'd like to start using solar energy but still aren't certain which solar company to go with, here are our suggestions for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Spackenkill

Factors that Affect Solar Panel Costs in Spackenkill

The cost of installing a solar system in Spackenkill can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use 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 $2,950. The kind of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is 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 searching for a solar system that falls within your budget.

Solar Financing Terms

If paying for solar panels in cash is out of reach, solar loans are a popular route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, 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 original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

Finally, the company you hire to install your solar panels can influence the cost. Spackenkill's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials 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 $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

There are a large number of companies available in Spackenkill, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Installation Process: Make sure you're on the same page with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
  • Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
  • Contract: Look through the contract terms carefully to make sure you understand how much it will cost, project completion timeline incentives and warranties.
  • Solar Panel Brands: The model of solar panel you need to install plays a part in which installer you should choose, since different companies have access to different panels.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 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 actual 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 Spackenkill?

Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.

How much can I save on power bills after switching to solar?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Spackenkill, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

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 their energy production will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.

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