Solar Panel Cost Guide in Sullivan, NY (2023 Update)
- Sullivan Solar Installation Cost: $9,533
- 25-Year Savings: $6,322
- Payback Period: 15.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sullivan
Find out what the average cost of a solar system is in Sullivan.
The average cost of a solar system in Sullivan is 2.95 per watt. Since a 4.6-kW system is needed to cover the energy costs 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%.
The true cost of your system can go higher or lower than the average in Sullivan based on a few factors, such as the type of solar panels you choose and the solar company you hire. Despite the significant initial cost, the average Sullivan homeowner can save around $13,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a top solar panel company in Sullivan for a custom quote.
Solar savings over time in Sullivan
| Year | Return on Investment |
|---|---|
| 1 years | $-9,480 |
| 3 years | $-9,374 |
| 5 years | $-9,269 |
| 7 years | $-9,163 |
| 9 years | $-9,057 |
| 11 years | $-8,952 |
| 13 years | $-8,846 |
| 15 years | $-8,740 |
| 17 years | $-8,635 |
| 19 years | $-8,529 |
| 21 years | $-8,423 |
| 23 years | $-8,317 |
| 25 years | $-8,212 |
Top Solar Installers in Sullivan
Installing solar panels yourself can be a time-consuming task, which is why using a solar installer is a good option for many homeowners. The expertise that solar companies offer can be helpful as well, especially if you aren't sure what kind of solar equipment you need.
You can get a free quote from a local solar installer on how much your investment in solar could cost 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 Sullivan
Factors that Affect Solar Panel Costs in Sullivan
There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need 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 $2,950. The type of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about 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's in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also adds to your total costs, so it's crucial to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Sullivan, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $3.07 | $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 model of solar panels and the installer you choose greatly impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel company. Make sure you understand how the installation process will go and the completion timeline.
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which installer you should choose, since different companies have access to different panels.
- Contract: Before signing a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
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 Sullivan, NY Solar Cost FAQs
What is the average cost of installing solar panels in Sullivan?
This is a hard question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
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 Sullivan is currently $185,960, so you could be looking at a value of about $7,624 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Sullivan is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 buy 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.