Solar Panel Cost Guide in Fallsburg, NY (2024 Update)

  • Fallsburg Solar Installation Cost: $11,236
  • 25-Year Savings: $8,327
  • Payback Period: 16.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Fallsburg

Find out what the average cost of a solar system is in Fallsburg.

In Fallsburg, solar panels cost about 4 per watt on average.To cover the typical energy usage of the average home in Fallsburg, most homeowners require a 4.4-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,236, or $16,067 before the federal solar tax credit of 0 is applied.

The true cost of your system can be higher or lower than the average in Fallsburg depending on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $15,000 in savings on utility bills over 20 years.

You can click the button below to get connected with a top solar installer in Fallsburg that can help you get a more accurate cost estimate for your home.

Solar savings over time in Fallsburg

Year Return on Investment
1 years $-10,290
3 years $-8,400
5 years $-6,510
7 years $-4,619
9 years $-2,729
11 years $-839
13 years $1,052
15 years $2,942
17 years $4,832
19 years $6,723
21 years $8,613
23 years $10,503
25 years $12,394

Top Solar Installers in Fallsburg

Installing solar panels on your own can be a time-consuming project, which is why getting a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you make the most of incentives in Fallsburg, optimizing your ROI.

If you’d like to start using solar energy but still aren’t certain which solar panel company to go with, here are our suggestions for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Fallsburg

Factors that Affect Solar Panel Costs in Fallsburg

For many Fallsburg homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Fallsburg, 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

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,650.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Fallsburg, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Many homeowners find the average cost of solar in Fallsburg to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest.It’s a good idea 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 back the loan.

Solar Panel Installation Company

The solar installer you select will play a role in your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 $7,808 16.8 years
8 kW $3.72 $20,849 $10,819 16.5 years
10 kW $3.65 $25,550 $14,035 16.1 years
12 kW $3.58 $30,047 $17,455 15.8 years
14 kW $3.50 $34,339 $21,080 15.5 years
16 kW $3.43 $38,427 $24,909 15.2 years
18 kW $3.36 $42,311 $28,942 14.8 years
20 kW $3.29 $45,990 $33,180 14.5 years

How to Save on Solar Panels

Since the brand of solar panels and the company you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: Although reading through a contract can be tedious, it’s important to do it thoroughly so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.
  • Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Fallsburg, NY Solar Cost FAQs

What is the average cost of installing solar panels in Fallsburg?

This is a tough question to answer precisely, because the cost depends on many factors. Generally 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.

Should I lease or buy solar panels in Fallsburg?

Leasing solar panels can be an appealing choice, as 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 get the most savings.

How will installing solar panels impact my home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Fallsburg is currently $273,252, so you can look forward to a value of about $11,203 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Fallsburg is a worthwhile investment.

How long do solar panels last in Fallsburg?

Though 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 decide 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.

Follow us