Solar Panel Cost Guide in Scarsdale, NY (2024 Update)
- Scarsdale Solar Installation Cost: $10,696
- 25-Year Savings: $36,296
- Payback Period: 8.0 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Scarsdale
See how much it might cost to switch to solar power in Scarsdale.
The average cost of a solar panel system in Scarsdale is 4 per watt.To cover the typical energy usage of the average home in Scarsdale, most homeowners require a 4.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $10,696, or $15,295 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The actual cost of installing solar panels can vary based on a few factors, such as what size system you need, your energy consumption and what company you go with.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Scarsdale can save about $30,000 on their electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Scarsdale
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 Scarsdale
Although it's possible to install solar panels yourself, it involves extra effort and handiness. For that reason, most homeowners choose a solar panel installer. A solar installer can also help save you money over time by offering warranties, repairs and component replacements.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Scarsdale
Factors that Affect Solar Panel Costs in Scarsdale
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Scarsdale: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 spend about $3,650 per kilowatt in Scarsdale.The kind of 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. On the other hand, more efficient panels could save you more in the long run on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Scarsdale average.
Solar Financing Terms
Many homeowners find the average cost of solar in Scarsdale to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Scarsdale, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to 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
There are a large number of companies to choose from in Scarsdale, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: Different companies carry different brands and types of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Scarsdale, NY Solar Cost FAQs
What is the average cost of installing solar panels in Scarsdale?
This is a hard question to answer exactly, because the cost depends on many 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Scarsdale?
You can’t get solar panels for free in Scarsdale. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
How long do solar panels last in Scarsdale?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.