Solar Panel Cost Guide in Wappinger, NY (2024 Update)
- Wappinger Solar Installation Cost: $11,117
- 25-Year Savings: $11,815
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Wappinger
See how much it might cost to make the switch to solar in Wappinger.
In Wappinger, solar panels cost about 4 per watt on average.To account for the typical energy usage of the average home in Wappinger, most homeowners require a 4.4-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,117, or $15,897 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar system you want to get, your solar contractor and more.Even with the significant initial cost, the average Wappinger homeowner can save about $18,000 on their energy bills over 20 years, which is one of the positives of solar.
To receive a free estimate from a highly rated solar installation company in Wappinger, you can click the button below.
Solar savings over time in Wappinger
| Year | Return on Investment |
|---|---|
| 1 years | $-9,854 |
| 3 years | $-7,328 |
| 5 years | $-4,801 |
| 7 years | $-2,275 |
| 9 years | $251 |
| 11 years | $2,778 |
| 13 years | $5,304 |
| 15 years | $7,831 |
| 17 years | $10,357 |
| 19 years | $12,883 |
| 21 years | $15,410 |
| 23 years | $17,936 |
| 25 years | $20,463 |
Top Solar Installers in Wappinger
When going solar, many homeowners choose to go with a solar installation company since DIY solar panel installation can be a challenging project. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar contractor as well, which can save you more money after your initial investment.
If you're on the hunt for a solar installer in Wappinger, the EcoWatch team has compiled a list of our top suggestions here:
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 Wappinger
Factors that Affect Solar Panel Costs in Wappinger
For many Wappinger homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Wappinger, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Wappinger average.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular option because they cut back your upfront costs and let you pay for your system over five to seven years on average.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies in Wappinger, and each can charge different amounts for labor and equipment.You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $12,739 | 13.9 years |
| 8 kW | $3.72 | $20,849 | $17,394 | 13.6 years |
| 10 kW | $3.65 | $25,550 | $22,253 | 13.4 years |
| 12 kW | $3.58 | $30,047 | $27,317 | 13.1 years |
| 14 kW | $3.50 | $34,339 | $32,586 | 12.8 years |
| 16 kW | $3.43 | $38,427 | $38,058 | 12.6 years |
| 18 kW | $3.36 | $42,311 | $43,735 | 12.3 years |
| 20 kW | $3.29 | $45,990 | $49,617 | 12.0 years |
How to Save on Solar Panels
The solar installer you choose will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar company, make sure to read it through carefully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: When making the switch to solar power, it’s necessary to keep an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
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 Wappinger, NY Solar Cost FAQs
What is the average cost of installing solar panels in Wappinger?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally 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 other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Wappinger?
A solar panel system isn’t free in Wappinger, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase your property value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Wappinger?
Although 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 decide 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.