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

  • Larchmont Solar Installation Cost: $10,696
  • 25-Year Savings: $24,695
  • Payback Period: 8.0 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 Larchmont

We break down average solar pricing in Larchmont.

The average cost of a solar system in Larchmont is 4 per watt.Because a 4.2-kW system is needed to cover the energy usage of a typical home in Larchmont, the average price of going solar will be about $10,696 after claiming the federal solar tax credit of 0.

The true price you pay can go higher or lower than the average in Larchmont depending on several factors, such as the type of solar panels you choose and the solar installer you hire.Many homeowners find going solar is a fruitful investment. The average homeowner in Larchmont can save about $30,000 on their energy bills over 20 years.

To receive a free estimate from a highly rated solar installer in Larchmont, you can click the button below.

Solar savings over time in Larchmont

Year Return on Investment
1 years $-8,816
3 years $-5,057
5 years $-1,298
7 years $2,462
9 years $6,221
11 years $9,981
13 years $13,740
15 years $17,499
17 years $21,259
19 years $25,018
21 years $28,777
23 years $32,537
25 years $36,296

Top Solar Installers in Larchmont

Although you can install solar panels yourself, it takes extra energy and expertise. For that reason, most people choose a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money over time.

You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some near you:

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 Larchmont

Factors that Affect Solar Panel Costs in Larchmont

Though the average cost of a solar system in Larchmont is $10,696, your actual cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.

Solar Equipment

One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $3,650 per kilowatt in Larchmont.The kind of solar panels and equipment you choose is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Larchmont, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.

Solar Panel Installation Company

The solar panel installation company you pick will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Larger national companies typically have lower costs, but some local companies compete with 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 $31,840 8.3 years
8 kW $3.72 $20,849 $42,863 8.2 years
10 kW $3.65 $25,550 $54,089 8.0 years
12 kW $3.58 $30,047 $65,520 7.9 years
14 kW $3.50 $34,339 $77,156 7.7 years
16 kW $3.43 $38,427 $88,995 7.5 years
18 kW $3.36 $42,311 $101,040 7.4 years
20 kW $3.29 $45,990 $113,288 7.2 years

How to Save on Solar Panels

The solar panel company you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:

  • Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
  • 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 significant role in the company you go with.
  • Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and how long the project will take.

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 Larchmont, NY Solar Cost FAQs

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

The average cost of solar panels in Larchmont is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in Larchmont?

Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.

Can solar panels eliminate my energy bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Larchmont, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

On average, solar panels can last 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 level 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.

Follow us