Solar Panel Cost Guide in Washingtonville, NY (2023 Update)
- Washingtonville Solar Installation Cost: $8,941
- 25-Year Savings: $15,609
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Washingtonville
We break down average solar pricing in Washingtonville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Washingtonville, the average cost of solar panels is 2.95 per watt. The average Washingtonville homeowner needs a 4.3-kilowatt system, which would cost about $8,941 with the federal tax credit, or $12,786 before the 30% tax credit is applied.
The true cost of your system can be higher or lower than the average in Washingtonville based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire. For most homeowners, the upfront cost of solar power is worth paying. On average Washingtonville homeowners see about $22,000 in savings on energy bills over 20 years.
Click the button below to get connected to a vetted solar company in Washingtonville for a personalized estimate.
Solar savings over time in Washingtonville
| Year | Return on Investment |
|---|---|
| 1 years | $-7,959 |
| 3 years | $-5,995 |
| 5 years | $-4,031 |
| 7 years | $-2,067 |
| 9 years | $-103 |
| 11 years | $1,861 |
| 13 years | $3,825 |
| 15 years | $5,789 |
| 17 years | $7,753 |
| 19 years | $9,717 |
| 21 years | $11,681 |
| 23 years | $13,645 |
| 25 years | $15,609 |
Top Solar Installers in Washingtonville
Putting up solar panels on your own can be a difficult project, which is why using a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what brand of solar equipment you need.
There are a number of licensed solar professionals that can install solar panels for you. 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 Washingtonville
Factors that Affect Solar Panel Costs in Washingtonville
The cost of installing a solar system in Washingtonville 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 home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Washingtonville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by about $2,950 for each additional kilowatt you need. The brand and type of equipment you choose 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 a small roof 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 additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Washingtonville to be prohibitively expensive, even if the investment pays off over time. Fortunately, 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 higher prices over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can influence your pricing. Washingtonville's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater 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 discount can bring their pricing down to compete with bigger names.
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 | $21,150 | 9.5 years |
| 8 kW | $3.01 | $16,850 | $28,530 | 9.3 years |
| 10 kW | $2.95 | $20,650 | $36,076 | 9.1 years |
| 12 kW | $2.89 | $24,284 | $43,787 | 8.9 years |
| 14 kW | $2.83 | $27,754 | $51,663 | 8.7 years |
| 16 kW | $2.77 | $31,058 | $59,704 | 8.6 years |
| 18 kW | $2.71 | $34,196 | $67,910 | 8.4 years |
| 20 kW | $2.66 | $37,170 | $76,282 | 8.2 years |
How to Save on Solar Panels
The solar company you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: When reading 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 such as a system part breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which kind 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 take a look at their list of options before deciding.
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 Washingtonville, NY Solar Cost FAQs
What is the average cost of installing solar panels in Washingtonville?
The average cost of solar panels in Washingtonville 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 kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Washingtonville?
Leasing solar panels can be an attractive choice, as it often 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
How will having solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Washingtonville is currently $283,200, which means you could be looking at a value of about $11,611 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Washingtonville is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 higher 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.