Solar Panel Cost Guide in Wawayanda, NY (2024 Update)
- Wawayanda Solar Installation Cost: $11,058
- 25-Year Savings: $18,162
- Payback Period: 10.2 Years
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Average Cost of Solar Panels in Wawayanda
Here’s how much it might cost to go solar in Wawayanda.
The national average cost of solar panels is $2.66 per watt, but in Wawayanda it’s 4 per watt.Using this figure, a typical 4.3-kW system would cost about $11,058 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy needs, the type of equipment you want to get, your solar contractor and more.With average savings of about $24,000 on electricity bills over 20 years, many homeowners in Wawayanda find installing solar panels has a decent ROI.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Wawayanda
| Year | Return on Investment |
|---|---|
| 1 years | $-9,736 |
| 3 years | $-7,093 |
| 5 years | $-4,450 |
| 7 years | $-1,807 |
| 9 years | $836 |
| 11 years | $3,478 |
| 13 years | $6,121 |
| 15 years | $8,764 |
| 17 years | $11,407 |
| 19 years | $14,050 |
| 21 years | $16,693 |
| 23 years | $19,336 |
| 25 years | $21,979 |
Top Solar Installers in Wawayanda
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Wawayanda
Factors that Affect Solar Panel Costs in Wawayanda
For many Wawayanda homeowners, the decision to adopt solar energy 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 considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar panel system 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 mainly based on your home’s energy consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.The brand of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Wawayanda homeowners opt to finance their solar panel systems to make paying for solar more affordable.It’s wise 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Wawayanda is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services at different costs.Additionally, some companies in Wawayanda are more knowledgeable about local solar incentives and can help you learn about 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 | $3.80 | $15,943 | $21,627 | 10.6 years |
| 8 kW | $3.72 | $20,849 | $29,245 | 10.4 years |
| 10 kW | $3.65 | $25,550 | $37,067 | 10.2 years |
| 12 kW | $3.58 | $30,047 | $45,093 | 10.0 years |
| 14 kW | $3.50 | $34,339 | $53,324 | 9.8 years |
| 16 kW | $3.43 | $38,427 | $61,759 | 9.6 years |
| 18 kW | $3.36 | $42,311 | $70,399 | 9.4 years |
| 20 kW | $3.29 | $45,990 | $79,243 | 9.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Contract: Before signing a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Wawayanda, NY Solar Cost FAQs
How much does it cost to install solar panels in Wawayanda?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient 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.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Wawayanda have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.