Solar Panel Cost Guide in Veteran, NY (2023 Update)
- Veteran Solar Installation Cost: $9,518
- 25-Year Savings: $5,742
- Payback Period: 15.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Veteran
Find out how much it might cost to make the switch to solar in Veteran.
In Veteran, solar panels cost about 2.95 per watt on average. To account for the typical energy needs of the average home in Veteran, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,520, or $13,614 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. With average savings of about $13,000 on utility bills over 20 years, many homeowners in Veteran find going solar can be quite rewarding.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Veteran
| Year | Return on Investment |
|---|---|
| 1 years | $-9,467 |
| 3 years | $-9,365 |
| 5 years | $-9,263 |
| 7 years | $-9,162 |
| 9 years | $-9,060 |
| 11 years | $-8,958 |
| 13 years | $-8,856 |
| 15 years | $-8,755 |
| 17 years | $-8,653 |
| 19 years | $-8,551 |
| 21 years | $-8,450 |
| 23 years | $-8,348 |
| 25 years | $-8,246 |
Top Solar Installers in Veteran
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with an installer can make switching to solar power much easier. Companies can also provide access to quality options of the best solar panels and help you pick which one will be right for your home.
If you'd like to start using solar energy but still aren't sure which solar system company to go with, here are our recommendations for providers in Veteran:
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 Veteran
Factors that Affect Solar Panel Costs in Veteran
The cost of installing a solar system in Veteran can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,950. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Veteran, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Veteran, you'll have many options to choose from, but each comes at various price points for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $6,979 | 16.2 years |
| 8 kW | $3.01 | $16,850 | $9,636 | 15.9 years |
| 10 kW | $2.95 | $20,650 | $12,458 | 15.6 years |
| 12 kW | $2.89 | $24,284 | $15,445 | 15.3 years |
| 14 kW | $2.83 | $27,754 | $18,597 | 15.0 years |
| 16 kW | $2.77 | $31,058 | $21,915 | 14.7 years |
| 18 kW | $2.71 | $34,196 | $25,397 | 14.3 years |
| 20 kW | $2.66 | $37,170 | $29,045 | 14.0 years |
How to Save on Solar Panels
There are a lot of companies available in Veteran, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: The type of solar panel you want to get plays a part in which company you should go with, since different companies have different panels.
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 Veteran, NY Solar Cost FAQs
What is the average cost of installing solar panels in Veteran?
The average cost of solar panels in Veteran is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Veteran?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 install between 20 and 35 panels to account for 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.