Solar Panel Cost Guide in Red Oaks Mill, NY (2024 Update)
- Red Oaks Mill Solar Installation Cost: $11,117
- 25-Year Savings: $13,015
- Payback Period: 12.6 Years
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Average Cost of Solar Panels in Red Oaks Mill
See how much it might cost to switch to solar power in Red Oaks Mill.
In Red Oaks Mill, solar panels cost about 4 per watt on average.To cover the typical energy needs of the average home in Red Oaks Mill, most homeowners require a 4.4-kilowatt system. Using the figure above, a solar installation costs around $11,117, or $15,897 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Red Oaks Mill homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a sound investment. The average homeowner in Red Oaks Mill can save about $19,000 on their power bills over 20 years.
Click the button below to get connected to a highly rated solar company in Red Oaks Mill for a personalized estimate.
Solar savings over time in Red Oaks Mill
| Year | Return on Investment |
|---|---|
| 1 years | $-9,854 |
| 3 years | $-7,328 |
| 5 years | $-4,801 |
| 7 years | $-2,275 |
| 9 years | $251 |
| 11 years | $2,778 |
| 13 years | $5,304 |
| 15 years | $7,831 |
| 17 years | $10,357 |
| 19 years | $12,883 |
| 21 years | $15,410 |
| 23 years | $17,936 |
| 25 years | $20,463 |
Top Solar Installers in Red Oaks Mill
Installing solar panels on your own can be a time-consuming project, which is why hiring a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some near you:
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 Red Oaks Mill
Factors that Affect Solar Panel Costs in Red Oaks Mill
For many Red Oaks Mill homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Red Oaks Mill, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Red Oaks Mill to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.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 remarkably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Red Oaks Mill, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $14,394 | 13.1 years |
| 8 kW | $3.72 | $20,849 | $19,600 | 12.9 years |
| 10 kW | $3.65 | $25,550 | $25,012 | 12.6 years |
| 12 kW | $3.58 | $30,047 | $30,627 | 12.4 years |
| 14 kW | $3.50 | $34,339 | $36,447 | 12.1 years |
| 16 kW | $3.43 | $38,427 | $42,471 | 11.9 years |
| 18 kW | $3.36 | $42,311 | $48,700 | 11.6 years |
| 20 kW | $3.29 | $45,990 | $55,133 | 11.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: The type of solar panel you’d like to install plays a part in which installer you should choose, since different companies provide different panels.
- Contract: Look through the contract terms carefully to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
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 Red Oaks Mill, NY Solar Cost FAQs
How much does it cost to install solar panels in Red Oaks Mill?
The average cost of solar panels in Red Oaks Mill 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 things like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Red Oaks Mill?
Solar panels aren’t free in Red Oaks Mill, 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 it worth going solar in Red Oaks Mill?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
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 higher 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.