Solar Panel Cost Guide in Stony Point, NY (2024 Update)
- Stony Point Solar Installation Cost: $10,838
- 25-Year Savings: $18,340
- Payback Period: 10.0 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Stony Point
Find out how much it might cost to go solar in Stony Point.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Stony Point, the average cost of a solar system is 4 per watt.The average solar panel system size in Stony Point is around 4.2 kilowatts, meaning a cost of about $10,838 for a solar installation, or $15,498 before the 0 federal solar tax credit is applied.
How much you pay can go higher or lower than the average in Stony Point based on a few factors, such as the model of solar panels you choose and the solar installer you hire.With typical savings of about $24,000 on electricity bills over 20 years, many homeowners in Stony Point find investing in solar can be quite rewarding.
Click the button below to get connected to a top solar installer in your area for a personalized estimate.
Solar savings over time in Stony Point
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 Stony Point
Trying to install solar panels on your own can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. Another advantage of utilizing a solar company is that they can help you optimize your investment by reducing your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you’d like to make the switch to solar but still aren’t certain which solar system company to go with, here are our suggestions for providers in Stony Point:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Stony Point
Factors that Affect Solar Panel Costs in Stony Point
There are many criteria that can influence your 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 panels 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 generation require 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 $3,650.There are several different solar panel brands and the one you choose also affects the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Stony Point homeowners opt to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Stony Point is the company you hire to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, you’ll have no shortage of solar installers that offer a range of services for different budgets.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 numerous companies available in Stony Point, 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:
- Contract: Even though reading through a contract can be tedious, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: The type of solar panel you want plays a part in which company you should choose, since different companies offer different panels.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Warranty: If you care about the durability of your solar panel system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Stony Point, NY Solar Cost FAQs
What is the average cost of installing solar panels in Stony Point?
The average cost of solar panels in Stony Point is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Stony Point?
A solar panel system isn’t free in Stony Point, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How much can I save on energy bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Stony Point, that will require at least a 10-kW system. Not all homes will have roofs that 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 many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.