Solar Panel Cost Guide in Blooming Grove, NY (2024 Update)
- Blooming Grove Solar Installation Cost: $11,058
- 25-Year Savings: $16,123
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Blooming Grove
Find out what the average cost of installing solar panels is in Blooming Grove.
The national average cost of solar panels is $2.66 per watt, but in Blooming Grove it’s 4 per watt.The average Blooming Grove homeowner needs a 4.3-kilowatt system, which would cost about $11,058 with the federal tax credit, or $15,813 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of going solar can vary depending on multiple factors, such as what size system you need, your energy usage and what solar installer you go with.Despite the significant initial cost, the average Blooming Grove homeowner can save around $22,000 on their energy bills over 20 years, which is one of the advantages of solar.
To get a free quote from a highly rated solar installer in Blooming Grove, you can click the button below.
Solar savings over time in Blooming Grove
| Year | Return on Investment |
|---|---|
| 1 years | $-9,772 |
| 3 years | $-7,201 |
| 5 years | $-4,631 |
| 7 years | $-2,060 |
| 9 years | $511 |
| 11 years | $3,082 |
| 13 years | $5,653 |
| 15 years | $8,223 |
| 17 years | $10,794 |
| 19 years | $13,365 |
| 21 years | $15,936 |
| 23 years | $18,506 |
| 25 years | $21,077 |
Top Solar Installers in Blooming Grove
Many homeowners decide to use a solar installation company since figuring out how to install solar panels yourself can be hard. Solar warranties and repairs are often included in the cost of installation when you sign a contract with a solar company as well, which can save you more money over time.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Blooming Grove
Factors that Affect Solar Panel Costs in Blooming Grove
While the average cost of a solar system in Blooming Grove is $11,058, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,650. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Blooming Grove average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Blooming Grove homeowners opt to finance their solar panel systems to offset upfront costs.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installation company you select will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.The company’s size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.80 | $15,943 | $18,799 | 11.5 years |
| 8 kW | $3.72 | $20,849 | $25,474 | 11.3 years |
| 10 kW | $3.65 | $25,550 | $32,354 | 11.0 years |
| 12 kW | $3.58 | $30,047 | $39,438 | 10.8 years |
| 14 kW | $3.50 | $34,339 | $46,726 | 10.6 years |
| 16 kW | $3.43 | $38,427 | $54,219 | 10.4 years |
| 18 kW | $3.36 | $42,311 | $61,916 | 10.1 years |
| 20 kW | $3.29 | $45,990 | $69,818 | 9.9 years |
How to Save on Solar Panels
The solar company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, such as:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar installer’s contract, ask questions about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Your solar installer should have a good reputation as a company and have proven 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.
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.
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 Blooming Grove, NY Solar Cost FAQs
How much does it cost to install solar panels in Blooming Grove?
This is a tough question to answer precisely, 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 higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Blooming Grove?
Leasing solar panels can be an attractive 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 option if you want to get the most savings.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,158.08 per year.
How long do solar panels last in Blooming Grove?
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.