Solar Panel Cost Guide in Spackenkill, NY (Mar 2023)
- Spackenkill Solar Installation Cost: $8,983
- 25-Year Savings: $13,018
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Spackenkill
Let's take a look at the average cost of solar panels in Spackenkill.
The average cost of a solar panel system in Spackenkill is 2.95 per watt. The average solar panel system size in Spackenkill is around 4.3 kilowatts, meaning a cost of about $8,983 for a solar installation, or $12,846 before the 30% federal solar tax credit is applied.
Bear 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 be different depending on factors unique to you, like your household energy use and solar contractor. Despite the high initial cost, the average Spackenkill homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar installer 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 | $-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
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Using an installer can make converting to solar power much easier. Plus, if you're unsure what brand of solar panels and equipment you may need, a solar expert can help you figure that out after a site survey and consultation.
If you're searching for a solar installer in Spackenkill, we've put together a list of our top suggestions here:
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 Spackenkill
Factors that Affect Solar Panel Costs in Spackenkill
Even though the average cost of a solar system in Spackenkill is $8,983, your final cost may differ. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most significant 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 around $2,950 per kilowatt in Spackenkill. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Spackenkill average.
Solar Financing Terms
Many homeowners find the average cost of solar in Spackenkill to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in higher prices over time because of interest. Even though solar loans make adopting solar energy more accessible for Spackenkill homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact how much you pay. Spackenkill's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Spackenkill know more about local solar incentives and can help you take advantage 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 | $3.07 | $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
Since the model of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Many companies offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When going solar, it's essential to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- 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.
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 Spackenkill, NY Solar Cost FAQs
What is the average cost of installing solar panels in Spackenkill?
This is a hard question to answer exactly, because the cost depends on a variety of 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Spackenkill?
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 offer you credit toward your future energy bills.
How many solar panels do I need 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 buy between 20 and 35 panels to cover 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.