Solar Panel Cost Guide in Oyster Bay, NY (2024 Update)

  • Oyster Bay Solar Installation Cost: $9,833
  • 25-Year Savings: $14,424
  • Payback Period: 11.0 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

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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 Oyster Bay

Find out what the average cost of solar panel installation is in Oyster Bay.

The average cost of a solar system in Oyster Bay is 4 per watt.The average Oyster Bay homeowner needs a 3.8-kilowatt system, which would cost about $9,833 with the federal tax credit, or $14,061 before the 0 tax credit is applied.

How much you pay can go above or below the average in Oyster Bay based on a variety of factors, such as the type of solar panels you choose and the solar company you hire.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Oyster Bay can save about $22,000 on their electricity bills over 20 years.

For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Oyster Bay

Year Return on Investment
1 years $-8,307
3 years $-5,257
5 years $-2,206
7 years $845
9 years $3,896
11 years $6,946
13 years $9,997
15 years $13,048
17 years $16,098
19 years $19,149
21 years $22,200
23 years $25,250
25 years $28,301

Top Solar Installers in Oyster Bay

DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Going with a solar company can make your switch to solar power much easier. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.

If you’d like to go solar but still aren’t certain which solar installer to go with, here are our suggestions for providers in Oyster Bay:

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 Oyster Bay

Factors that Affect Solar Panel Costs in Oyster Bay

For many Oyster Bay homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Oyster Bay, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,650. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Oyster Bay, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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

Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Oyster Bay homeowners choose to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your overall costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.

Solar Panel Installation Company

The solar installer you opt for to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar panel companies operating throughout Oyster Bay, and each can charge different amounts for labor and equipment.Some companies 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 at a higher cost. It’s best to do some research and go with the company that has the products, warranties and services you want and also fit into 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 $18,935 11.4 years
8 kW $3.72 $20,849 $25,656 11.2 years
10 kW $3.65 $25,550 $32,580 11.0 years
12 kW $3.58 $30,047 $39,710 10.8 years
14 kW $3.50 $34,339 $47,043 10.5 years
16 kW $3.43 $38,427 $54,581 10.3 years
18 kW $3.36 $42,311 $62,324 10.1 years
20 kW $3.29 $45,990 $70,271 9.9 years

How to Save on Solar Panels

There are numerous companies to choose from in Oyster Bay, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:

  • Contract: Review the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
  • Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
  • Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and what the project timeline is.
  • 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 significant 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 Oyster Bay, NY Solar Cost FAQs

What is the average cost of installing solar panels in Oyster Bay?

The average cost of solar panels in Oyster Bay 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.

What other factors should I consider aside from cost when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Can solar panels significantly reduce my electricity bills?

It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Oyster Bay, that will require at least a 10-kW system. Not all homes 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?

Even 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 the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had 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.

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