Solar Panel Cost Guide in Sullivan, NY (Mar 2023)
- Sullivan Solar Installation Cost: $9,540
- 25-Year Savings: $6,315
- Payback Period: 15.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Sullivan
Let's take a look at the average cost of solar panels in Sullivan.
In Sullivan, solar panels cost about 2.95 per watt on average. Because a 4.6-kW system is needed to cover the energy consumption of a typical home in Sullivan, the average price of going solar will be about $9,540 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and how much solar costs for you will most likely differ based on factors unique to your home and what company you choose to go with. Many homeowners find adopting solar power is a sound investment. The average homeowner in Sullivan can save about $13,000 on their electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Sullivan for a quote for your home.
Solar savings over time in Sullivan
| Year | Return on Investment |
|---|---|
| 1 years | $-8,906 |
| 3 years | $-7,638 |
| 5 years | $-6,369 |
| 7 years | $-5,101 |
| 9 years | $-3,832 |
| 11 years | $-2,564 |
| 13 years | $-1,296 |
| 15 years | $-27 |
| 17 years | $1,241 |
| 19 years | $2,510 |
| 21 years | $3,778 |
| 23 years | $5,047 |
| 25 years | $6,315 |
Top Solar Installers in Sullivan
Installing solar panels yourself can be a difficult task, which is why getting a solar installer is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't sure which solar installer to go with, here are our recommendations for providers nearby:
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 Sullivan
Factors that Affect Solar Panel Costs in Sullivan
For many Sullivan homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Sullivan, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. The type of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Sullivan provide solar loans, which reduce the initial cost of installing a solar system. Even though solar loans make adopting solar energy more accessible for Sullivan homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Sullivan is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that provide a range of services at different costs. The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $7,721 | 15.6 years |
| 8 kW | $3.01 | $16,850 | $10,625 | 15.3 years |
| 10 kW | $2.95 | $20,650 | $13,695 | 15.0 years |
| 12 kW | $2.89 | $24,284 | $16,929 | 14.7 years |
| 14 kW | $2.83 | $27,754 | $20,329 | 14.4 years |
| 16 kW | $2.77 | $31,058 | $23,894 | 14.1 years |
| 18 kW | $2.71 | $34,196 | $27,624 | 13.8 years |
| 20 kW | $2.66 | $37,170 | $31,519 | 13.5 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
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 Sullivan, NY Solar Cost FAQs
What is the average cost of installing solar panels in Sullivan?
This is a tough question to answer precisely, because the cost depends on a few different 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 extra solar equipment or higher quality panels, or if you have above-average energy usage. 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 other than cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.