Solar Panel Cost Guide in Warwick, NY (2023 Update)
- Warwick Solar Installation Cost: $8,941
- 25-Year Savings: $17,648
- Payback Period: 8.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Warwick
Find out what the average cost of a solar system is in Warwick.
In Warwick, solar panels cost about 2.95 per watt on average. The average solar panel system size in Warwick 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.
How much you pay can go higher or lower than the average in Warwick based on several factors, such as the type of solar panels you choose and the solar contractor you hire. Many homeowners find adopting solar power is a sound investment. The average homeowner in Warwick can save about $23,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Warwick
| Year | Return on Investment |
|---|---|
| 1 years | $-7,878 |
| 3 years | $-5,751 |
| 5 years | $-3,624 |
| 7 years | $-1,496 |
| 9 years | $631 |
| 11 years | $2,758 |
| 13 years | $4,885 |
| 15 years | $7,012 |
| 17 years | $9,139 |
| 19 years | $11,267 |
| 21 years | $13,394 |
| 23 years | $15,521 |
| 25 years | $17,648 |
Top Solar Installers in Warwick
Trying to put up solar panels on your own can be a time-consuming project, which is why hiring a solar installer is a good option for many homeowners. In addition, if you'd like to maximize your investment in solar, using a solar installer can help with that too. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Warwick
Factors that Affect Solar Panel Costs in Warwick
The cost of installing a solar system in Warwick can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Warwick average.
Solar Financing Terms
Many homeowners find the average cost of solar in Warwick to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar panel system can affect how much it costs. Warwick's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and decide on the company that offers the products, warranties and services you want and also fits within your budget.
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 | $23,978 | 8.7 years |
| 8 kW | $3.01 | $16,850 | $32,300 | 8.6 years |
| 10 kW | $2.95 | $20,650 | $40,789 | 8.4 years |
| 12 kW | $2.89 | $24,284 | $49,442 | 8.2 years |
| 14 kW | $2.83 | $27,754 | $58,260 | 8.1 years |
| 16 kW | $2.77 | $31,058 | $67,244 | 7.9 years |
| 18 kW | $2.71 | $34,196 | $76,393 | 7.7 years |
| 20 kW | $2.66 | $37,170 | $85,707 | 7.6 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 difficult, 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 in most cases provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Warranty: Each company may offer different types of warranties that cover different things. 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 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 Warwick, NY Solar Cost FAQs
What is the average cost of installing solar panels in Warwick?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Warwick?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Does Warwick have a net metering program?
Most states have net metering programs of some kind. Through these, you can get paid 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?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.