Solar Panel Cost Guide in Woodbury, NY (2024 Update)
- Woodbury Solar Installation Cost: $11,058
- 25-Year Savings: $17,143
- Payback Period: 10.6 Years
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Average Cost of Solar Panels in Woodbury
Let’s take a look at the average cost of solar panels in Woodbury.
In Woodbury, solar panels cost about 4 per watt on average.The average solar panel system size in Woodbury is around 4.3 kilowatts, meaning a cost of about $11,058 for a solar installation, or $15,813 before the 0 federal solar tax credit is applied.
The actual price you pay can go above or below the average in Woodbury depending on several factors, such as the brand of solar panels you choose and the solar installer you hire.With average savings of about $23,000 on electricity bills over 20 years, many homeowners in Woodbury find installing solar panels can be quite rewarding.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Woodbury
| 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 Woodbury
Although it's possible to install solar panels by yourself, it involves extra labor and handiness. Because of that, the majority of homeowners choose to go with a solar panel installer. The expertise that solar installers provide can be valuable as well, particularly if you aren’t sure what type of solar equipment you need.
If you’d like to go solar but still aren’t certain which solar panel company to go with, here are our suggestions for providers nearby:
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 Woodbury
Factors that Affect Solar Panel Costs in Woodbury
There are a number of criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Woodbury provide solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your total costs, so it’s important to include that in your estimate as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating in Woodbury, and each can charge varying amounts for labor and equipment.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also fits within your budget.
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 | $20,213 | 11.0 years |
| 8 kW | $3.72 | $20,849 | $27,359 | 10.8 years |
| 10 kW | $3.65 | $25,550 | $34,710 | 10.6 years |
| 12 kW | $3.58 | $30,047 | $42,266 | 10.4 years |
| 14 kW | $3.50 | $34,339 | $50,025 | 10.2 years |
| 16 kW | $3.43 | $38,427 | $57,989 | 10.0 years |
| 18 kW | $3.36 | $42,311 | $66,158 | 9.8 years |
| 20 kW | $3.29 | $45,990 | $74,531 | 9.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: Before signing a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Woodbury, NY Solar Cost FAQs
What is the average cost of installing solar panels in Woodbury?
This is a hard 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. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Woodbury?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is it worth going solar in Woodbury?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.