Solar Panel Cost Guide in Woodmere, NY (2024 Update)
- Woodmere Solar Installation Cost: $9,833
- 25-Year Savings: $18,537
- Payback Period: 9.3 Years
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Average Cost of Solar Panels in Woodmere
Find out what the average cost of installing solar panels is in Woodmere.
The average cost of solar panels in Woodmere is 4 per watt.The average Woodmere 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.
These figures are just estimates, and the cost of going solar for you will differ based on your energy needs and what company you choose to go with.With typical savings of about $26,000 on electricity bills over 20 years, many homeowners in Woodmere find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Woodmere for a quote for your home.
Solar savings over time in Woodmere
| Year | Return on Investment |
|---|---|
| 1 years | $-8,095 |
| 3 years | $-4,619 |
| 5 years | $-1,143 |
| 7 years | $2,333 |
| 9 years | $5,809 |
| 11 years | $9,285 |
| 13 years | $12,761 |
| 15 years | $16,237 |
| 17 years | $19,713 |
| 19 years | $23,188 |
| 21 years | $26,664 |
| 23 years | $30,140 |
| 25 years | $33,616 |
Top Solar Installers in Woodmere
Many homeowners opt for a solar installer since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Another perk of utilizing a solar company is that they can help you maximize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
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 Woodmere
Factors that Affect Solar Panel Costs in Woodmere
For many Woodmere homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Woodmere, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Woodmere, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $3,650 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Woodmere, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Woodmere to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.Although solar loans make adopting solar energy more accessible for Woodmere homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Woodmere is the company you choose to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that offers the products, warranties and services you’re looking for 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 | $25,348 | 9.7 years |
| 8 kW | $3.72 | $20,849 | $34,206 | 9.5 years |
| 10 kW | $3.65 | $25,550 | $43,269 | 9.3 years |
| 12 kW | $3.58 | $30,047 | $52,536 | 9.1 years |
| 14 kW | $3.50 | $34,339 | $62,007 | 8.9 years |
| 16 kW | $3.43 | $38,427 | $71,683 | 8.7 years |
| 18 kW | $3.36 | $42,311 | $81,563 | 8.5 years |
| 20 kW | $3.29 | $45,990 | $91,648 | 8.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose considerably affects your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a good company.
- Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: Different companies offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you’re considering has it.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed 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 Woodmere, NY Solar Cost FAQs
How much does it cost to install solar panels in Woodmere?
The average cost of solar panels in Woodmere 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.
Are solar panels free in Woodmere?
A solar panel system isn’t free in Woodmere, but there are some options that can make getting them more feasible, 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 going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Woodmere?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using 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.