Solar Panel Cost Guide in Delhi, NY (2024 Update)
- Delhi Solar Installation Cost: $11,754
- 25-Year Savings: $5,301
- Payback Period: 19.9 Years
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Average Cost of Solar Panels in Delhi
Here’s how much it might cost to install solar panels in Delhi.
The average cost of solar panels in Delhi is 4 per watt.The average solar panel system size in Delhi is around 4.6 kilowatts, meaning a cost of about $11,754 for a solar installation, or $16,808 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $12,000 over 20 years on power bills.
Click the button below to get connected to a top solar company in Delhi for a customized quote.
Solar savings over time in Delhi
| Year | Return on Investment |
|---|---|
| 1 years | $-10,928 |
| 3 years | $-9,276 |
| 5 years | $-7,624 |
| 7 years | $-5,972 |
| 9 years | $-4,320 |
| 11 years | $-2,668 |
| 13 years | $-1,017 |
| 15 years | $635 |
| 17 years | $2,287 |
| 19 years | $3,939 |
| 21 years | $5,591 |
| 23 years | $7,243 |
| 25 years | $8,894 |
Top Solar Installers in Delhi
When making the switch to solar, many homeowners decide to use a solar installer since installing a solar system yourself can be a time-consuming project. A solar installer can also help save you money over time by providing warranties, repairs and system component replacements.
If you're looking for a solar installer in Delhi, the EcoWatch team has compiled a list of our top suggestions here:
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 Delhi
Factors that Affect Solar Panel Costs in Delhi
For many Delhi homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Delhi, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you get 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. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Delhi homeowners opt to finance their solar panel systems to make going solar more affordable.It’s wise to factor 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 the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Delhi is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different price points.Additionally, some companies in Delhi have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $3,360 | 20.6 years |
| 8 kW | $3.72 | $20,849 | $4,889 | 20.3 years |
| 10 kW | $3.65 | $25,550 | $6,622 | 19.9 years |
| 12 kW | $3.58 | $30,047 | $8,560 | 19.5 years |
| 14 kW | $3.50 | $34,339 | $10,702 | 19.1 years |
| 16 kW | $3.43 | $38,427 | $13,048 | 18.7 years |
| 18 kW | $3.36 | $42,311 | $15,599 | 18.3 years |
| 20 kW | $3.29 | $45,990 | $18,354 | 17.9 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, including:
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
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 Delhi, NY Solar Cost FAQs
How much does it cost to install solar panels in Delhi?
This is a hard question to answer exactly, because the cost depends on a few different 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. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Delhi?
You can’t get solar panels for free in Delhi. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Delhi, 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 are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.