Solar Panel Cost Guide in Staten Island, NY (2024 Update)
- Staten Island Solar Installation Cost: $10,293
- 25-Year Savings: $25,021
- Payback Period: 7.7 Years
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Average Cost of Solar Panels in Staten Island
Here’s how much it might cost to switch to solar power in Staten Island.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Staten Island, the typical cost of solar panels is 4 per watt.The average solar panel system size in Staten Island is around 4.0 kilowatts, meaning a cost of about $10,293 for a solar installation, or $14,719 before the 0 federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may vary based on your specific situation and what company you want to go with.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Staten Island see about $31,000 in savings on energy bills over 20 years.
To receive a free estimate from a pre-vetted solar installer in Staten Island, you can click the button below.
Solar savings over time in Staten Island
| Year | Return on Investment |
|---|---|
| 1 years | $-8,413 |
| 3 years | $-4,654 |
| 5 years | $-895 |
| 7 years | $2,865 |
| 9 years | $6,624 |
| 11 years | $10,384 |
| 13 years | $14,143 |
| 15 years | $17,902 |
| 17 years | $21,662 |
| 19 years | $25,421 |
| 21 years | $29,180 |
| 23 years | $32,940 |
| 25 years | $36,699 |
Top Solar Installers in Staten Island
When switching to solar energy, many homeowners prefer to hire a solar company since installing a solar system yourself can be a difficult project. Some solar companies, especially local ones, can help you make the most of incentives in Staten Island, therefore optimizing your ROI.
If you’d like to start using solar energy but still aren’t certain which solar panel installer to go with, here are our suggestions for providers in Staten Island:
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 Staten Island
Factors that Affect Solar Panel Costs in Staten Island
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Staten Island: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Staten Island homeowners choose to finance their solar panel systems to make going solar more affordable.It’s a good idea to add 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 back the loan.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Staten Island is the company you choose to install your solar system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in Staten Island know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $33,711 | 8.0 years |
| 8 kW | $3.72 | $20,849 | $45,357 | 7.9 years |
| 10 kW | $3.65 | $25,550 | $57,208 | 7.7 years |
| 12 kW | $3.58 | $30,047 | $69,262 | 7.6 years |
| 14 kW | $3.50 | $34,339 | $81,521 | 7.4 years |
| 16 kW | $3.43 | $38,427 | $93,985 | 7.3 years |
| 18 kW | $3.36 | $42,311 | $106,653 | 7.1 years |
| 20 kW | $3.29 | $45,990 | $119,525 | 6.9 years |
How to Save on Solar Panels
There are numerous companies available in Staten Island, 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:
- Reputation: Companies that have been operating for many years 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.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be done and how long it 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 Staten Island, NY Solar Cost FAQs
What is the average cost of installing solar panels in Staten Island?
The average cost of solar panels in Staten Island 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Staten Island?
You can’t get solar panels for free in Staten Island. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,655.15 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.