Solar Panel Cost Guide in Woodstock, NY (2024 Update)
- Woodstock Solar Installation Cost: $11,137
- 25-Year Savings: $11,035
- Payback Period: 13.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated February 03, 2024
Why you can trust EcoWatch
Average Cost of Solar Panels in Woodstock
Let’s take a look at the average cost of solar panels in Woodstock.
In Woodstock, solar panels cost about 4 per watt on average.Using this figure, a typical 4.4-kW system would cost about $11,137 before the 0 federal solar tax credit is applied.
The true cost of your system can be above or below the average in Woodstock based on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront investment in solar power is worth paying. On average homeowners in Woodstock see about $17,000 in savings on electricity bills over 20 years.
To get a free quote from a top solar company in Woodstock, you can click the button below.
Solar savings over time in Woodstock
Year | Return on Investment |
---|---|
1 years | $-9,874 |
3 years | $-7,348 |
5 years | $-4,821 |
7 years | $-2,295 |
9 years | $231 |
11 years | $2,758 |
13 years | $5,284 |
15 years | $7,810 |
17 years | $10,337 |
19 years | $12,863 |
21 years | $15,390 |
23 years | $17,916 |
25 years | $20,442 |
Top Solar Installers in Woodstock
Trying to install solar panels by yourself can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over time.
If you’d like to go solar but still aren’t sure which solar system 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 Woodstock
Factors that Affect Solar Panel Costs in Woodstock
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 does the installation.
Solar Equipment
When it comes to estimating the cost of a solar panel system in Woodstock, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past power bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are offered by most installers in Woodstock, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you pick will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Woodstock are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $11,636 | 14.5 years |
8 kW | $3.72 | $20,849 | $15,923 | 14.2 years |
10 kW | $3.65 | $25,550 | $20,415 | 13.9 years |
12 kW | $3.58 | $30,047 | $25,111 | 13.6 years |
14 kW | $3.50 | $34,339 | $30,012 | 13.3 years |
16 kW | $3.43 | $38,427 | $35,117 | 13.1 years |
18 kW | $3.36 | $42,311 | $40,426 | 12.8 years |
20 kW | $3.29 | $45,990 | $45,940 | 12.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Woodstock, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good 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 good reviews from past customers.
- Warranty: If you’re worried about the endurance of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, completion timeline incentives and warranties.
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 Woodstock, NY Solar Cost FAQs
What is the average cost of installing solar panels in Woodstock?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is a very important factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
How will installing solar panels impact the value of my home?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Woodstock?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.