Solar Panel Cost Guide in Woodstock, NY (2023 Update)
- Woodstock Solar Installation Cost: $9,003
- 25-Year Savings: $11,033
- Payback Period: 11.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Woodstock
We break down average solar pricing in Woodstock.
The average cost of a solar system in Woodstock is 2.95 per watt. Because a 4.4-kW system is needed to cover the energy costs of a typical home in Woodstock, the average price of going solar will be about $9,003 after claiming the federal solar tax credit of 30%.
These figures are only averages, and how much solar costs for you will most likely vary based on factors unique to your home and what company you want to go with. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically good, with a net average savings of about $17,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar installer in Woodstock for a customized quote.
Solar savings over time in Woodstock
| Year | Return on Investment |
|---|---|
| 1 years | $-8,202 |
| 3 years | $-6,599 |
| 5 years | $-4,996 |
| 7 years | $-3,393 |
| 9 years | $-1,790 |
| 11 years | $-187 |
| 13 years | $1,416 |
| 15 years | $3,019 |
| 17 years | $4,622 |
| 19 years | $6,225 |
| 21 years | $7,827 |
| 23 years | $9,430 |
| 25 years | $11,033 |
Top Solar Installers in Woodstock
Although it's possible to install solar panels by yourself, it takes extra effort and expertise. For that reason, most people choose to go with a solar panel installer. The payback period of solar panels will vary depending on factors like your location and energy consumption, but working with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
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 near you:
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 Woodstock
Factors that Affect Solar Panel Costs in Woodstock
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Woodstock: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Woodstock, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Woodstock to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. It's wise to add 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
Finally, the company you choose to install your solar system can affect how much you pay. Woodstock's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $14,693 | 11.7 years |
| 8 kW | $3.01 | $16,850 | $19,922 | 11.5 years |
| 10 kW | $2.95 | $20,650 | $25,315 | 11.2 years |
| 12 kW | $2.89 | $24,284 | $30,874 | 11.0 years |
| 14 kW | $2.83 | $27,754 | $36,598 | 10.8 years |
| 16 kW | $2.77 | $31,058 | $42,487 | 10.6 years |
| 18 kW | $2.71 | $34,196 | $48,541 | 10.3 years |
| 20 kW | $2.66 | $37,170 | $54,760 | 10.1 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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 considerable role in the company you opt for.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
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 Woodstock, NY Solar Cost FAQs
How much does it cost to install solar panels in Woodstock?
The average cost of solar panels in Woodstock is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Woodstock?
Leasing solar panels can be an appealing choice, because it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels completely eradicate my power bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Woodstock, 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 check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.