Solar Panel Cost Guide in Manhasset Hills, NY (2024 Update)
- Manhasset Hills Solar Installation Cost: $9,833
- 25-Year Savings: $18,080
- Payback Period: 9.4 Years
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Average Cost of Solar Panels in Manhasset Hills
We break down average solar pricing in Manhasset Hills.
The national average cost of solar panels is $2.66 per watt, but in Manhasset Hills it’s 4 per watt.The average solar panel system size in Manhasset Hills is around 3.8 kilowatts, meaning a cost of about $9,833 for a solar installation, or $14,061 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary quite a bit depending on a few 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 payback for most homeowners is quite good, with a net average savings of about $26,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Manhasset Hills for a quote for your home.
Solar savings over time in Manhasset Hills
| Year | Return on Investment |
|---|---|
| 1 years | $-8,130 |
| 3 years | $-4,725 |
| 5 years | $-1,320 |
| 7 years | $2,085 |
| 9 years | $5,490 |
| 11 years | $8,895 |
| 13 years | $12,300 |
| 15 years | $15,705 |
| 17 years | $19,110 |
| 19 years | $22,515 |
| 21 years | $25,920 |
| 23 years | $29,325 |
| 25 years | $32,730 |
Top Solar Installers in Manhasset Hills
Trying to install solar panels on your own can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. Another great thing about choosing a top solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
There are several licensed solar professionals that can take care of your solar installation project. 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 Manhasset Hills
Factors that Affect Solar Panel Costs in Manhasset Hills
For many Manhasset Hills homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Manhasset Hills, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Manhasset Hills, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.The 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. However, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Manhasset Hills average.
Solar Financing Terms
Most solar companies in Manhasset Hills offer solar loans, which reduce the initial cost of installing a solar system.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in Manhasset Hills, and each can charge varying amounts for labor and equipment.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and choose a company that provides the products, warranties and services you want and also is 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 | $24,636 | 9.8 years |
| 8 kW | $3.72 | $20,849 | $33,256 | 9.6 years |
| 10 kW | $3.65 | $25,550 | $42,081 | 9.4 years |
| 12 kW | $3.58 | $30,047 | $51,111 | 9.3 years |
| 14 kW | $3.50 | $34,339 | $60,344 | 9.1 years |
| 16 kW | $3.43 | $38,427 | $69,783 | 8.9 years |
| 18 kW | $3.36 | $42,311 | $79,425 | 8.7 years |
| 20 kW | $3.29 | $45,990 | $89,272 | 8.5 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 kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: Different companies have different brands and types of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
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 Manhasset Hills, NY Solar Cost FAQs
How much does it cost to install solar panels in Manhasset Hills?
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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Manhasset Hills?
Solar panels aren’t free in Manhasset Hills, 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 help lower the cost.
Is switching to solar power worth it?
Solar panels can be a good investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
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 average daily sunlight your roof gets. You can 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 install between 20 and 35 panels to cover 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.