Solar Panel Cost Guide in West Hempstead, NY (2023 Update)
- West Hempstead Solar Installation Cost: $7,950
- 25-Year Savings: $13,810
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in West Hempstead
We go over average solar pricing in West Hempstead.
Currently, the national average cost of solar panels is $2.66 per watt. However, in West Hempstead, the average cost of solar panels is 2.95 per watt. To cover the typical energy usage of the average home in West Hempstead, most homeowners require a 3.9-kilowatt system. Using the figure above, a solar installation costs about $7,950, or $11,368 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs will look different based on your specific situation and what company you choose to go with. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in West Hempstead see about $21,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a top solar installer in West Hempstead for a quote for your home.
Solar savings over time in West Hempstead
| Year | Return on Investment |
|---|---|
| 1 years | $-7,080 |
| 3 years | $-5,339 |
| 5 years | $-3,598 |
| 7 years | $-1,857 |
| 9 years | $-116 |
| 11 years | $1,624 |
| 13 years | $3,365 |
| 15 years | $5,106 |
| 17 years | $6,847 |
| 19 years | $8,588 |
| 21 years | $10,329 |
| 23 years | $12,070 |
| 25 years | $13,810 |
Top Solar Installers in West Hempstead
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of an installer can make switching to solar power much easier. Companies can also provide access to quality options of the best solar panels and help you decide which one will be right for your home.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in West Hempstead:
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 West Hempstead
Factors that Affect Solar Panel Costs in West Hempstead
The cost of installing a solar system in West Hempstead can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. The type of solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the West Hempstead average.
Solar Financing Terms
Most solar companies in West Hempstead have solar loans, which reduce the initial cost of installing a solar system. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in West Hempstead, and each can charge varying amounts for labor and equipment. Additionally, some companies in West Hempstead are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $21,041 | 9.5 years |
| 8 kW | $3.01 | $16,850 | $28,385 | 9.3 years |
| 10 kW | $2.95 | $20,650 | $35,895 | 9.1 years |
| 12 kW | $2.89 | $24,284 | $43,569 | 8.9 years |
| 14 kW | $2.83 | $27,754 | $51,409 | 8.8 years |
| 16 kW | $2.77 | $31,058 | $59,414 | 8.6 years |
| 18 kW | $2.71 | $34,196 | $67,584 | 8.4 years |
| 20 kW | $2.66 | $37,170 | $75,919 | 8.2 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Solar Panel Brands: Different companies have different brands and types of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Review the contract terms carefully to make sure you understand the overall cost, project completion timeline rebates and warranties.
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 West Hempstead, NY Solar Cost FAQs
What is the average cost of installing solar panels in West Hempstead?
The average cost of solar panels in West Hempstead 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in West Hempstead?
Solar panels aren't free in West Hempstead, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does West Hempstead have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.