Cost for a Solar Panel System

What’s the Cost for a Solar Panel System

The cost for a solar panel system has steadily decreased in the last three decades. If you want clean energy for your home, solar is the best way to do it. Free yourself from inflated utility rates and reduce the carbon footprint of your home. With Long Island Power Solutions, you can learn about the cost for a solar panel system and start planning your installation today.

Average Cost for a Solar Panel System

According to a January 6 report published by Forbes Home, the average cost for a solar panel system in New York is $11,766 for a 6KW installation. Average yearly savings are roughly $1,574. Or, to put this into a better context, almost $40,000 over 25 years. Forbes based these figures on a 26% tax credit. However, the Federal government now offers a 30% tax credit on the cost of a solar installation, and there are state incentives available as well.

Considering that solar panels are expected to last from around 25 to 30 years, there’s a long time to generate a return on investment. The average cost for a solar panel system is relatively small when considering the available returns.

You could also add a solar battery backup to your system. While this would increase the cost, it could result in better savings and enhanced reliability with protection from blackouts on the grid. We can help you to determine if a battery system is worth it for your home.

If you’re interested in Long Island Solar, please call us. We will walk you through the whole process of how to become energy independent!

Financing Solar Power on Long Island

Solar is still affordable even if you finance solar power on Long Island. With Long Island Power Solutions you can get access to a competitive interest rate and no-money-down financing.

We split financing into two terms so that it’s more manageable for you.

  • The initial term is based on expected tax credits. This term is interest-free and is paid in full when you receive your Federal and State credits.
  • The second term covers the remainder of your solar installation bill. Choose the term that suits you to maximize your savings with affordable monthly repayments.

When you begin the consultation stage for solar power on Long Island you’ll get a detailed cost/benefit analysis along with your estimate. This will help you to decide if a Long Island solar installation is worth it.

We provide the information. You make the choice.

Incentives for Long Island Solar Installation

The incentives for Long Island solar installation will vary from customer to customer. We’ll help you to determine which solar power incentives apply in your case.

There are tax credits as well as direct incentives for Long Island Solar Installation. NYSERDA offers a direct incentive based on the size of your installation. This is paid to the contractor and taken off the top of your bill.

If you want to learn more about how incentives will affect the cost for a solar panel system, you can start your consultation with Long Island Power Solutions today.

Get a Cost Estimate from Long Island Power Solutions

Solar gives you a cleaner and more affordable way to power your home. The team at Long Island Power Solutions is highly qualified and ready to deliver beyond your expectations. You can get a free no-obligation estimate for a Long Island solar installation online.

Start with your estimate to learn about the cost for a solar panel system. Get all the information you need to decide if solar is worth it and get industry-leading service from our team.

Get An Instant Ballpark LI Solar Estimate Using Satellites!