Solar Panel Cost Guide in The Bronx, NY (2024 Update)
- The Bronx Solar Installation Cost: $9,904
- 25-Year Savings: $25,335
- Payback Period: 7.4 Years
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Average Cost of Solar Panels in The Bronx
We break down average solar pricing in The Bronx.
Currently, the national average cost of solar panels is $2.66 per watt. However, in The Bronx, the typical cost of a solar system is 4 per watt.To cover the typical energy usage of the average home in The Bronx, most homeowners require a 3.9-kilowatt system. Using the figure above, a solar installation costs around $9,904, or $14,163 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in The Bronx can save around $33,000 on their power bills over 20 years.
To receive a free estimate from a vetted solar installation company in The Bronx, you can click the button below.
Solar savings over time in The Bronx
| Year | Return on Investment |
|---|---|
| 1 years | $-8,024 |
| 3 years | $-4,265 |
| 5 years | $-505 |
| 7 years | $3,254 |
| 9 years | $7,013 |
| 11 years | $10,773 |
| 13 years | $14,532 |
| 15 years | $18,291 |
| 17 years | $22,051 |
| 19 years | $25,810 |
| 21 years | $29,570 |
| 23 years | $33,329 |
| 25 years | $37,088 |
Top Solar Installers in The Bronx
Many homeowners decide to use a solar installation company since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in The Bronx:
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 The Bronx
Factors that Affect Solar Panel Costs in The Bronx
There are a number of criteria that can influence your total 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 panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with 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.There are several different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a popular option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s important to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can influence your pricing. The Bronx’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $35,662 | 7.7 years |
| 8 kW | $3.72 | $20,849 | $47,958 | 7.6 years |
| 10 kW | $3.65 | $25,550 | $60,459 | 7.4 years |
| 12 kW | $3.58 | $30,047 | $73,164 | 7.3 years |
| 14 kW | $3.50 | $34,339 | $86,073 | 7.1 years |
| 16 kW | $3.43 | $38,427 | $99,187 | 7.0 years |
| 18 kW | $3.36 | $42,311 | $112,505 | 6.8 years |
| 20 kW | $3.29 | $45,990 | $126,028 | 6.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose considerably affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Solar Panel Brands: The type of solar panel you need to install plays a part in which company you should go with, since different companies provide different panels.
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 The Bronx, NY Solar Cost FAQs
How much does it cost to install solar panels in The Bronx?
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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than 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.
Can solar panels eliminate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout The Bronx, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 cover 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.