How Much Do Solar Panels Cost?
One of the most important things to consider when switching to solar is the cost of doing so. Even knowing that you can save money with solar, the upfront cost is something that will factor into your decision. If you’re considering making the switch but want to know how much do solar panels cost, the team at Long Island Power Solutions is ready to help.
Starting with your free home solar estimate, you’ll learn not only the cost of solar but also the financial benefits that will come over the lifetime of your system.
How Much Do Solar Panels Cost – Average Solar Price in America
Every solar system is a little different, so there’s no real “standard” for prices in America. From state to state and even county to county, every home has unique needs. The cost of your installation will depend on a few factors, the most important of which include…
- The size of the solar system.
- The addition of any optional extras like solar battery backup.
- Any work that you need for your roof.
- Current equipment prices.
You can get a free home solar estimate to give you an accurate idea of what your installation would cost, which will be followed up with an on-site inspection and evaluation before you get the final estimate.
For a ballpark figure even before you start the estimate process, you can consider the average cost of solar in America.
According to the latest data from Consumer Affairs, the average cost of a 6-kW solar system ranges from $16,870 to $23,170. This is the average cost after the Federal tax credit. You should also consider that there are New York solar tax credits available, as well as State incentive programs that can reduce your bill. So, depending on the size of your system and the complexity of the installation, your bill might end up below the national average.
As we mentioned, several factors can affect the real cost of solar for every home, so take the statistics with a grain of salt. The best way to find out about the cost of solar for your home is to start with your free online estimate from Long Island Power Solutions.
Long Island SMART Solar Financing
We offer SMART solar financing for our customers on Long Island. The financing is split across two terms for convenience and maximum savings.
- The first loan is based on expected New York solar tax credits and Federal tax credits. It is interest-free and paid in full once you receive your tax credits.
- The second loan covers the rest of the bill for installation. It can be spread across a term of your choosing, at a competitive interest rate.
You can get SMART solar financing with no money down, making it simple to make the switch to solar, with no need to save cash for an initial deposit.
Get Your Cost/Benefit Analysis for Solar Installation
The cost of solar should be kept in context with the savings that you can generate over time. All of our customers receive a cost/benefit analysis report that details the potential savings over time, so you can see how your investment in solar will pay off. This is just as important as learning the total cost of solar.
Solar panels last around 25 – 30 years, so the savings are enjoyed over a long period. Once the financing is paid off, all these savings become yours to enjoy and use as you wish.
How much do solar panels cost on Long Island? Find out with our expert team. Get your free home solar estimate from Long Island Power Solutions today.