Solar Panel Cost Guide in Lewisboro, NY (2024 Update)
- Lewisboro Solar Installation Cost: $10,696
- 25-Year Savings: $10,275
- Payback Period: 14.1 Years
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Average Cost of Solar Panels in Lewisboro
We go over average solar pricing in Lewisboro.
The average cost of a solar system in Lewisboro is 4 per watt.Using this figure, a typical 4.2-kW system would cost about $10,696 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Lewisboro homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the large initial cost, the average Lewisboro homeowner can save around $17,000 on their energy bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Lewisboro
| Year | Return on Investment |
|---|---|
| 1 years | $-9,519 |
| 3 years | $-7,165 |
| 5 years | $-4,810 |
| 7 years | $-2,456 |
| 9 years | $-101 |
| 11 years | $2,253 |
| 13 years | $4,607 |
| 15 years | $6,962 |
| 17 years | $9,316 |
| 19 years | $11,670 |
| 21 years | $14,025 |
| 23 years | $16,379 |
| 25 years | $18,733 |
Top Solar Installers in Lewisboro
Although you can install solar panels on your own, it requires extra time and expertise. That's one of the reasons most homeowners choose a solar panel installer. In addition, if you’d like to maximize your investment in solar, using a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Lewisboro
Factors that Affect Solar Panel Costs in Lewisboro
The cost of installing a solar system in Lewisboro can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $3,650 per kilowatt in Lewisboro.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Lewisboro, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 Lewisboro to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.Even though solar loans make going solar more accessible for Lewisboro homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Lewisboro is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also fits within your budget.
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 | $11,173 | 14.7 years |
| 8 kW | $3.72 | $20,849 | $15,307 | 14.4 years |
| 10 kW | $3.65 | $25,550 | $19,644 | 14.1 years |
| 12 kW | $3.58 | $30,047 | $24,186 | 13.9 years |
| 14 kW | $3.50 | $34,339 | $28,933 | 13.6 years |
| 16 kW | $3.43 | $38,427 | $33,884 | 13.3 years |
| 18 kW | $3.36 | $42,311 | $39,039 | 13.0 years |
| 20 kW | $3.29 | $45,990 | $44,399 | 12.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Lewisboro, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
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 Lewisboro, NY Solar Cost FAQs
How much does it cost to install solar panels in Lewisboro?
The average cost of solar panels in Lewisboro is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lewisboro?
Solar panels aren’t free in Lewisboro, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can you sell solar power back to the grid in Lewisboro?
The majority of states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.