Solar Panel Cost Guide in Woodbury, NY (Mar 2023)
- Woodbury Solar Installation Cost: $8,941
- 25-Year Savings: $17,138
- Payback Period: 8.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Woodbury
Find out what the average cost of solar panel installation is in Woodbury.
In Woodbury, solar panels cost about 2.95 per watt on average. To account for the typical energy usage of the average home in Woodbury, most homeowners require a 4.3-kilowatt system. Using the figure above, a solar installation costs about $8,941, or $12,786 before the federal solar tax credit of 30% is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar system you choose, your solar contractor and more. Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Woodbury can save around $23,000 on their power bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Woodbury that can help you get a more accurate cost estimate for your home.
Solar savings over time in Woodbury
| Year | Return on Investment |
|---|---|
| 1 years | $-7,898 |
| 3 years | $-5,812 |
| 5 years | $-3,726 |
| 7 years | $-1,639 |
| 9 years | $447 |
| 11 years | $2,534 |
| 13 years | $4,620 |
| 15 years | $6,706 |
| 17 years | $8,793 |
| 19 years | $10,879 |
| 21 years | $12,965 |
| 23 years | $15,052 |
| 25 years | $17,138 |
Top Solar Installers in Woodbury
Putting up solar panels by yourself can be a challenging project, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be invaluable as well, especially if you don't quite know what type of solar equipment you need.
If you're on the hunt for a solar installer in Woodbury, we've organized a list of our top suggestions here:
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 Woodbury
Factors that Affect Solar Panel Costs in Woodbury
For many Woodbury homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Woodbury, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,950 per kilowatt in Woodbury. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space 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 additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your overall costs, so it's important to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Woodbury is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services at different price points. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $23,271 | 8.9 years |
| 8 kW | $3.01 | $16,850 | $31,358 | 8.7 years |
| 10 kW | $2.95 | $20,650 | $39,610 | 8.6 years |
| 12 kW | $2.89 | $24,284 | $48,028 | 8.4 years |
| 14 kW | $2.83 | $27,754 | $56,611 | 8.2 years |
| 16 kW | $2.77 | $31,058 | $65,359 | 8.1 years |
| 18 kW | $2.71 | $34,196 | $74,272 | 7.9 years |
| 20 kW | $2.66 | $37,170 | $83,351 | 7.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
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 Woodbury, NY Solar Cost FAQs
How much does it cost to install solar panels in Woodbury?
The average cost of solar panels in Woodbury 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
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 get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home 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 bang for your buck from going solar.
Can solar panels eliminate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Woodbury, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 get 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.