Solar Panel Cost Guide in Wallkill, NY (2023 Update)
- Wallkill Solar Installation Cost: $8,941
- 25-Year Savings: $15,649
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wallkill
Let's have a look at the average cost of solar panels in Wallkill.
The national average cost of solar panels is $2.66 per watt, but in Wallkill it's 2.95 per watt. The average solar panel system size in Wallkill is around 4.3 kilowatts, meaning a cost of about $8,941 for a solar installation, or $12,786 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs may look different based on factors unique to your home and what company you choose to go with. But, once you've paid the upfront cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $22,000 over 20 years on electricity bills.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Wallkill
| Year | Return on Investment |
|---|---|
| 1 years | $-7,958 |
| 3 years | $-5,991 |
| 5 years | $-4,023 |
| 7 years | $-2,056 |
| 9 years | $-89 |
| 11 years | $1,878 |
| 13 years | $3,846 |
| 15 years | $5,813 |
| 17 years | $7,780 |
| 19 years | $9,748 |
| 21 years | $11,715 |
| 23 years | $13,682 |
| 25 years | $15,649 |
Top Solar Installers in Wallkill
Putting up solar panels by yourself can be a stressful project, which is why hiring a solar installer is a good option for many homeowners. A solar company can also help save you money over time by providing warranties, repairs and part replacements.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Wallkill
Factors that Affect Solar Panel Costs in Wallkill
Though the average cost of a solar system in Wallkill is $8,941, 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 residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,950. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Wallkill, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Wallkill, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's important 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 factor to consider when trying to figure out the cost of solar for your home or business in Wallkill is the company you hire to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, you'll have many options for solar installers that provide a range of services at different price points. Additionally, some companies in Wallkill know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $21,206 | 9.4 years |
| 8 kW | $3.01 | $16,850 | $28,606 | 9.3 years |
| 10 kW | $2.95 | $20,650 | $36,170 | 9.1 years |
| 12 kW | $2.89 | $24,284 | $43,900 | 8.9 years |
| 14 kW | $2.83 | $27,754 | $51,794 | 8.7 years |
| 16 kW | $2.77 | $31,058 | $59,854 | 8.5 years |
| 18 kW | $2.71 | $34,196 | $68,079 | 8.4 years |
| 20 kW | $2.66 | $37,170 | $76,470 | 8.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
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 Wallkill, NY Solar Cost FAQs
What is the average cost of installing solar panels in Wallkill?
The average cost of solar panels in Wallkill is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Wallkill have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.