Solar Panel Cost Guide in Stockholm, NY (2023 Update)
- Stockholm Solar Installation Cost: $9,809
- 25-Year Savings: $6,398
- Payback Period: 15.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Stockholm
We go over average solar pricing in Stockholm.
The national average cost of solar panels is $2.66 per watt, but in Stockholm it's 2.95 per watt. Using this figure, a typical 4.8-kW system would cost about $9,809 before the 30% federal solar tax credit is applied.
These figures are just estimates, and the cost of going solar for you will most likely differ based on the amount of energy your home requires and what company you want to go with. With typical savings of about $13,000 on power bills over 20 years, many homeowners in Stockholm find installing solar panels can pay off big.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Stockholm
| Year | Return on Investment |
|---|---|
| 1 years | $-9,160 |
| 3 years | $-7,864 |
| 5 years | $-6,567 |
| 7 years | $-5,271 |
| 9 years | $-3,974 |
| 11 years | $-2,678 |
| 13 years | $-1,381 |
| 15 years | $-85 |
| 17 years | $1,212 |
| 19 years | $2,509 |
| 21 years | $3,805 |
| 23 years | $5,102 |
| 25 years | $6,398 |
Top Solar Installers in Stockholm
Installing solar panels yourself can be a difficult project, which is why using a solar installer is a good option for many homeowners. Plus, if you aren't sure what brand of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate 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 Stockholm
Factors that Affect Solar Panel Costs in Stockholm
There are many factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid route because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Stockholm, you'll have a great number of options to choose from, but each comes at varying price points 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 find a company that has the products, warranties and services you're looking for and also fits 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 | $3.07 | $12,886 | $7,579 | 15.7 years |
| 8 kW | $3.01 | $16,850 | $10,435 | 15.4 years |
| 10 kW | $2.95 | $20,650 | $13,457 | 15.1 years |
| 12 kW | $2.89 | $24,284 | $16,644 | 14.8 years |
| 14 kW | $2.83 | $27,754 | $19,996 | 14.5 years |
| 16 kW | $2.77 | $31,058 | $23,513 | 14.2 years |
| 18 kW | $2.71 | $34,196 | $27,196 | 13.9 years |
| 20 kW | $2.66 | $37,170 | $31,044 | 13.6 years |
How to Save on Solar Panels
The solar installer 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, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a good company.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Well-established companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies have different brands and types of panels. If you want a specific brand, make sure the solar panel company 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
EcoWatch's Stockholm, NY Solar Cost FAQs
How much does it cost to install solar panels in Stockholm?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Stockholm?
Leasing solar panels can be an appealing choice, as it often 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 way to go if you want to get the most savings.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Stockholm is currently $107,250, so you could be looking at a value of about $4,397 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Stockholm is a rewarding investment.
How long do solar panels last in Stockholm?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.