Solar Panel Cost Guide in Sullivan, NY (2024 Update)
- Sullivan Solar Installation Cost: $11,795
- 25-Year Savings: $6,322
- Payback Period: 18.6 Years
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Average Cost of Solar Panels in Sullivan
Let’s have a look at the average cost of solar panels in Sullivan.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Sullivan, the typical cost of solar panels is 4 per watt.To cover the typical energy needs of the average home in Sullivan, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $11,795, or $16,867 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary based on a few factors, such as what size system you need, your energy usage and what company you go with.Even with the large upfront cost, the average Sullivan homeowner can save around $13,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a vetted solar company in Sullivan for a quote for your home.
Solar savings over time in Sullivan
| Year | Return on Investment |
|---|---|
| 1 years | $-10,914 |
| 3 years | $-9,152 |
| 5 years | $-7,390 |
| 7 years | $-5,628 |
| 9 years | $-3,866 |
| 11 years | $-2,104 |
| 13 years | $-342 |
| 15 years | $1,420 |
| 17 years | $3,182 |
| 19 years | $4,944 |
| 21 years | $6,706 |
| 23 years | $8,468 |
| 25 years | $10,230 |
Top Solar Installers in Sullivan
Installing solar panels by yourself can be a challenging project, which is why using a solar installation company is a good option for many homeowners. Another upside of working with a solar installer is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Sullivan:
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 Sullivan
Factors that Affect Solar Panel Costs in Sullivan
Though the average cost of a solar system in Sullivan is $11,795, your actual cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to pay around $3,650 per kilowatt in Sullivan.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Sullivan, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Sullivan, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.Even though solar loans make adopting solar energy more accessible for Sullivan 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
The solar panel installer you choose will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, 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 | $3.80 | $15,943 | $4,664 | 19.3 years |
| 8 kW | $3.72 | $20,849 | $6,627 | 19.0 years |
| 10 kW | $3.65 | $25,550 | $8,795 | 18.6 years |
| 12 kW | $3.58 | $30,047 | $11,167 | 18.2 years |
| 14 kW | $3.50 | $34,339 | $13,743 | 17.9 years |
| 16 kW | $3.43 | $38,427 | $16,524 | 17.5 years |
| 18 kW | $3.36 | $42,311 | $19,510 | 17.1 years |
| 20 kW | $3.29 | $45,990 | $22,699 | 16.7 years |
How to Save on Solar Panels
There are a large number of companies available in Sullivan, 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:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide high-quality solar panel installation and expertise.
- Contract: Before you sign a contract with a solar installer, be sure to look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it will take.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Sullivan, NY Solar Cost FAQs
How much does it cost to install solar panels in Sullivan?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Sullivan?
Leasing solar panels can be an appealing choice, because it commonly comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Is making the switch to solar worth it?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
To figure out what solar panel system size 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 typically produce about 250 to 400 watt-hours per hour, the average household 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.