Solar Panel Cost Guide in Wawarsing, NY (2023 Update)
- Wawarsing Solar Installation Cost: $9,003
- 25-Year Savings: $12,153
- Payback Period: 10.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wawarsing
We break down average solar pricing in Wawarsing.
Although the national average of solar panels is $2.66 per watt, solar panels in Wawarsing typically cost about 2.95. Using this figure, a typical 4.4-kW system would cost about $9,003 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of making the switch to solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Wawarsing can save around $18,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Wawarsing that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wawarsing
| Year | Return on Investment |
|---|---|
| 1 years | $-8,157 |
| 3 years | $-6,465 |
| 5 years | $-4,772 |
| 7 years | $-3,080 |
| 9 years | $-1,387 |
| 11 years | $305 |
| 13 years | $1,998 |
| 15 years | $3,690 |
| 17 years | $5,383 |
| 19 years | $7,076 |
| 21 years | $8,768 |
| 23 years | $10,461 |
| 25 years | $12,153 |
Top Solar Installers in Wawarsing
Many homeowners opt for a solar installation company since figuring out how to install solar panels by yourself can be time-consuming. Companies can also have access to a large variety of the best solar panels and help you decide which one will be best for your family.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers near you:
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 Wawarsing
Factors that Affect Solar Panel Costs in Wawarsing
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Wawarsing: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Wawarsing, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. The kind of 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, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Wawarsing average.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Wawarsing homeowners opt to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your total costs, so it's crucial to keep that in mind 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
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies in Wawarsing, and each can charge different amounts for labor and equipment. Additionally, some companies in Wawarsing 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 help you save 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 | $16,235 | 11.1 years |
| 8 kW | $3.01 | $16,850 | $21,977 | 10.8 years |
| 10 kW | $2.95 | $20,650 | $27,884 | 10.6 years |
| 12 kW | $2.89 | $24,284 | $33,956 | 10.4 years |
| 14 kW | $2.83 | $27,754 | $40,194 | 10.2 years |
| 16 kW | $2.77 | $31,058 | $46,596 | 10.0 years |
| 18 kW | $2.71 | $34,196 | $53,164 | 9.8 years |
| 20 kW | $2.66 | $37,170 | $59,897 | 9.6 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Wawarsing, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When reading through your solar company's contract, ask questions 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.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although 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 peruse 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 Wawarsing, NY Solar Cost FAQs
What is the average cost of installing solar panels in Wawarsing?
This is a difficult question to answer precisely, because the cost depends on a few different 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. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, 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 consider 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 places 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.
How will solar panels impact the value of my home?
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 Wawarsing is currently $199,507, so you can expect a value of about $8,180 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wawarsing is a worthwhile investment.
How long do solar panels last in Wawarsing?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using 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.