Solar Panel Cost Guide in Greenburgh, NY (2024 Update)
- Greenburgh Solar Installation Cost: $10,696
- 25-Year Savings: $24,695
- Payback Period: 8.0 Years
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Average Cost of Solar Panels in Greenburgh
Let’s have a look at the average cost of solar in Greenburgh.
The average cost of a solar system in Greenburgh is 4 per watt.The average Greenburgh homeowner needs a 4.2-kilowatt system, which would cost about $10,696 with the federal tax credit, or $15,295 before the 0 tax credit is applied.
How much you pay can be above or below the average in Greenburgh based on a few factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find installing a solar panel system is a sound investment. The average homeowner in Greenburgh can save about $30,000 on their energy bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Greenburgh
| 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 Greenburgh
When going solar, many homeowners choose to use a solar installation company since installing a solar system yourself can be a difficult project. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be right for your home.
If you’d like to go solar but still aren’t sure which solar system company to go with, here are our recommendations for providers nearby:
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 Greenburgh
Factors that Affect Solar Panel Costs in Greenburgh
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Greenburgh: 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 size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,650. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Greenburgh, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar companies in Greenburgh offer solar loans, which reduce your upfront costs of installing solar.Even though solar loans make switching to solar energy more accessible for Greenburgh homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Greenburgh is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Additionally, some companies in Greenburgh know more about local solar incentives and can help you make good use 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 help you save 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 | $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 lot of companies to choose from in Greenburgh, 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:
- Reputation: Long-standing companies likely have a high 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: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: One of the most important things to understand when going solar 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 how long the project will take.
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Greenburgh, NY Solar Cost FAQs
How much does it cost to install solar panels in Greenburgh?
The average cost of solar panels in Greenburgh 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 type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact how much my home is worth?
Solar panels can increase your property’s value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.