Solar Panel Cost Guide in Wawayanda, NY (2023 Update)
- Wawayanda Solar Installation Cost: $8,941
- 25-Year Savings: $18,158
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wawayanda
Let's have a look at the average cost of solar in Wawayanda.
The average cost of solar panels in Wawayanda is 2.95 per watt. The average solar panel system size in Wawayanda 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.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. Despite the significant upfront cost, the average Wawayanda homeowner can save around $24,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a pre-vetted solar installer in Wawayanda that can help you get a more accurate cost estimate for your home.
Solar savings over time in Wawayanda
| Year | Return on Investment |
|---|---|
| 1 years | $-7,857 |
| 3 years | $-5,690 |
| 5 years | $-3,522 |
| 7 years | $-1,354 |
| 9 years | $814 |
| 11 years | $2,982 |
| 13 years | $5,150 |
| 15 years | $7,318 |
| 17 years | $9,486 |
| 19 years | $11,654 |
| 21 years | $13,822 |
| 23 years | $15,990 |
| 25 years | $18,158 |
Top Solar Installers in Wawayanda
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be challenging. A solar company can also help save you money in the long run by providing warranties, repairs and part replacements.
There are several 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
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 Wawayanda
Factors that Affect Solar Panel Costs in Wawayanda
For many Wawayanda homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Wawayanda, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Wawayanda, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,950 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Wawayanda, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Wawayanda is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that offer a range of services at different costs. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car 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 | $24,684 | 8.6 years |
| 8 kW | $3.01 | $16,850 | $33,243 | 8.4 years |
| 10 kW | $2.95 | $20,650 | $41,967 | 8.2 years |
| 12 kW | $2.89 | $24,284 | $50,856 | 8.1 years |
| 14 kW | $2.83 | $27,754 | $59,910 | 7.9 years |
| 16 kW | $2.77 | $31,058 | $69,129 | 7.7 years |
| 18 kW | $2.71 | $34,196 | $78,514 | 7.6 years |
| 20 kW | $2.66 | $37,170 | $88,063 | 7.4 years |
How to Save on Solar Panels
Since the brand of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When looking through your solar company'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 component breaking or if the company goes out of business.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies offer various brands and types of panels. If you want a specific brand, make sure the solar panel installer you're considering has it.
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 Wawayanda, NY Solar Cost FAQs
What is the average cost of installing solar panels in Wawayanda?
This is a hard question to answer exactly, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Wawayanda?
A solar panel system isn't free in Wawayanda, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Wawayanda?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases 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.