Solar Panel Cost Guide in Spring Valley, NY (2024 Update)
- Spring Valley Solar Installation Cost: $10,838
- 25-Year Savings: $18,340
- Payback Period: 10.0 Years
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Average Cost of Solar Panels in Spring Valley
We break down average solar pricing in Spring Valley.
While the national average of solar panels is $2.66 per watt, solar panels in Spring Valley typically cost around 4.Since a 4.2-kW system is needed to cover the energy consumption of a typical home in Spring Valley, the average price of going solar will be about $10,838 after claiming the federal solar tax credit of 0.
The true cost of your system can be higher or lower than the average in Spring Valley based on a few factors, such as the type of solar panels you choose and the solar installer you hire.With typical savings of about $24,000 on utility bills over 20 years, many homeowners in Spring Valley find installing solar panels has a decent ROI.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Spring Valley
Year | Return on Investment |
---|---|
1 years | $-9,497 |
3 years | $-6,815 |
5 years | $-4,133 |
7 years | $-1,452 |
9 years | $1,230 |
11 years | $3,912 |
13 years | $6,594 |
15 years | $9,275 |
17 years | $11,957 |
19 years | $14,639 |
21 years | $17,320 |
23 years | $20,002 |
25 years | $22,684 |
Top Solar Installers in Spring Valley
Many homeowners opt for a solar panel installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. The expertise that solar installers offer can be helpful as well, particularly if you don’t quite know what type of solar equipment you need.
Working with a vetted solar installer 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 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 Spring Valley
Factors that Affect Solar Panel Costs in Spring Valley
The cost of installing a solar system in Spring Valley can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Spring Valley homeowners choose to finance their solar panel systems to offset upfront costs.It’s a good idea to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Spring Valley, and each can charge varying amounts for labor and equipment.Some companies 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 choose a company that provides the products, warranties and services you want and also is 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 | $3.80 | $15,943 | $22,389 | 10.4 years |
8 kW | $3.72 | $20,849 | $30,260 | 10.2 years |
10 kW | $3.65 | $25,550 | $38,336 | 10.0 years |
12 kW | $3.58 | $30,047 | $46,617 | 9.8 years |
14 kW | $3.50 | $34,339 | $55,102 | 9.6 years |
16 kW | $3.43 | $38,427 | $63,791 | 9.4 years |
18 kW | $3.36 | $42,311 | $72,685 | 9.2 years |
20 kW | $3.29 | $45,990 | $81,783 | 9.0 years |
How to Save on Solar Panels
There are many companies to choose from in Spring Valley, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel company. Make sure you understand how the installation process works and the completion timeline.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: It’s important to read your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
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 Spring Valley, NY Solar Cost FAQs
How much does it cost to install solar panels in Spring Valley?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Spring Valley is currently $730,942, so you can look forward to a value of about $29,969 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Spring Valley is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a 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 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.