Solar Panel Cost Guide in Ellenville, NY (2024 Update)
- Ellenville Solar Installation Cost: $11,137
- 25-Year Savings: $12,474
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Ellenville
Find out what the average cost of installing solar panels is in Ellenville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ellenville, the average cost of a solar system is 4 per watt.The average solar panel system size in Ellenville is around 4.4 kilowatts, meaning a cost of about $11,137 for a solar installation, or $15,926 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely look different based on factors unique to your home and what company you choose to go with.Even with the significant initial cost, the average Ellenville homeowner can save about $19,000 on their electricity bills over 20 years, which is one of the perks of solar.
To get a free quote from a pre-vetted solar installation company in Ellenville, you can click the button below.
Solar savings over time in Ellenville
| Year | Return on Investment |
|---|---|
| 1 years | $-9,874 |
| 3 years | $-7,348 |
| 5 years | $-4,821 |
| 7 years | $-2,295 |
| 9 years | $231 |
| 11 years | $2,758 |
| 13 years | $5,284 |
| 15 years | $7,810 |
| 17 years | $10,337 |
| 19 years | $12,863 |
| 21 years | $15,390 |
| 23 years | $17,916 |
| 25 years | $20,442 |
Top Solar Installers in Ellenville
Installing solar panels yourself can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. A solar installer can also help save you money over time by providing warranties, repairs and part replacements.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Ellenville
Factors that Affect Solar Panel Costs in Ellenville
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Ellenville: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.The kind of solar panels and equipment you want is another factor that will significantly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are available from most installers in Ellenville, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.It’s wise 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 last key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Ellenville, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of 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 discount 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 | $13,616 | 13.5 years |
| 8 kW | $3.72 | $20,849 | $18,563 | 13.2 years |
| 10 kW | $3.65 | $25,550 | $23,715 | 13.0 years |
| 12 kW | $3.58 | $30,047 | $29,071 | 12.7 years |
| 14 kW | $3.50 | $34,339 | $34,631 | 12.4 years |
| 16 kW | $3.43 | $38,427 | $40,396 | 12.2 years |
| 18 kW | $3.36 | $42,311 | $46,366 | 11.9 years |
| 20 kW | $3.29 | $45,990 | $52,539 | 11.7 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose significantly impacts your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It’s important to read your solar installer’s contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- 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 company, such as what permits you should acquire and what the project timeline is.
- Solar Panel Brands: Different companies have different brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you’re considering has it.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Ellenville, NY Solar Cost FAQs
What is the average cost of installing solar panels in Ellenville?
The average cost of solar panels in Ellenville 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Ellenville?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Ellenville?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Ellenville?
On average, the lifespan of solar panels is 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 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.