Solar Panel Cost Guide in Halfmoon, NY (2024 Update)
- Halfmoon Solar Installation Cost: $11,457
- 25-Year Savings: $6,244
- Payback Period: 18.5 Years
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Average Cost of Solar Panels in Halfmoon
Find out how much it might cost to go solar in Halfmoon.
The average cost of a solar system in Halfmoon is 4 per watt.The average Halfmoon homeowner needs a 4.5-kilowatt system, which would cost about $11,457 with the federal tax credit, or $16,384 before the 0 tax credit is applied.
These figures are only averages, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you choose to go with.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $13,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar company in Halfmoon for a quote for your home.
Solar savings over time in Halfmoon
| Year | Return on Investment |
|---|---|
| 1 years | $-10,610 |
| 3 years | $-8,917 |
| 5 years | $-7,224 |
| 7 years | $-5,531 |
| 9 years | $-3,837 |
| 11 years | $-2,144 |
| 13 years | $-451 |
| 15 years | $1,242 |
| 17 years | $2,935 |
| 19 years | $4,628 |
| 21 years | $6,322 |
| 23 years | $8,015 |
| 25 years | $9,708 |
Top Solar Installers in Halfmoon
Although it's possible to install solar panels by yourself, it takes extra energy and handiness. For that reason, most people choose a solar panel installer. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance in the long run.
If you’d like to go solar but still aren’t certain which solar installer to go with, here are our suggestions 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 Halfmoon
Factors that Affect Solar Panel Costs in Halfmoon
There are a number of criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production use 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.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Halfmoon, where sunlight isn’t as 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 Halfmoon have solar loans, which reduce the initial cost of installing solar panels.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you get to install your solar panels can impact the cost. Halfmoon’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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 | $4,802 | 19.2 years |
| 8 kW | $3.72 | $20,849 | $6,811 | 18.8 years |
| 10 kW | $3.65 | $25,550 | $9,025 | 18.5 years |
| 12 kW | $3.58 | $30,047 | $11,443 | 18.1 years |
| 14 kW | $3.50 | $34,339 | $14,066 | 17.7 years |
| 16 kW | $3.43 | $38,427 | $16,893 | 17.4 years |
| 18 kW | $3.36 | $42,311 | $19,924 | 17.0 years |
| 20 kW | $3.29 | $45,990 | $23,160 | 16.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar installer’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.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Warranty: Warranties that cover 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.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
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 Halfmoon, NY Solar Cost FAQs
How much does it cost to install solar panels in Halfmoon?
This is a difficult question to answer exactly, because the cost depends on a few different 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. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Halfmoon?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power 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.