How much do solar panels cost in Bronx in 2019
As of Jun 2019, the average cost of solar panels in Bronx is $3.89 per watt making a typical 6000 watt (6 kW) solar system $23,354 before the federal solar credit and $16,348 after claiming the federal solar tax credit.
This is lower than the average price of residential solar power systems across the United States which is currently $3.92 per watt.
We currently have 6 solar companies in Bronx that provide live customized live pricing for users of our site.
Current solar panel cost in Bronx based on offers available from local solar companies of common sizes residential solar power systems
|System size*||Average cost
(before tax credit)
(after tax credit)
|4 kW||$4.16||267 sq/ft||$16,646||$11,652|
|5 kW||$4.16||333 sq/ft||$20,802||$14,562|
|6-7 kW||$4.36||400 sq/ft||$26,175||$18,323|
|8-9 kW||$3.98||533 sq/ft||$31,880||$22,316|
|10 kW||$3.89||667 sq/ft||$38,933||$27,253|
|11-17 kW||$4.36||800 sq/ft||$52,319||$36,623|
How to calculate the cost of solar panels for your home in Bronx
Installation costs for solar will vary with your location, and the size of your homes electricity bill. To be meaningful solar cost information needs to be tailored to the individual situation. If you enter your details into the solar calculator below you will get a solar cost and savings estimate and find out how much solar panels will cost for your home.
Start creating a solar estimate tailored to your home now
How much do solar systems using the most common brands of solar panels cost in Bronx in 2019?
The most commonly used brands of residential solar panels installed in Bronx in 2019 are:
|Solar panel manufacturer||Average cost per watt|
|Hanwha SolarOne America||$4.14|
|Hanwha Q CELLS||$3.58|
|Changzhou Eging Photovoltaic Technology||$4.46|
How much will solar save an average homeowner in Bronx in the first month given the current cost of the solar panels?
Monthly savings year one $198
What factors affect the cost of installing solar panels for your home?
The cost of installing residential solar panels in Bronx varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
How is the cost of solar panels for homes in Bronx offset by solar tax credits?
The cost of installation of renewable energy systems in Bronx is supported by the federal solar investment tax credit that you get back when you do your federal taxes and also local policies from Con Edison. Con Edison likely offers a net metering program that would pay you a good rate for excess solar power you put back into the grid when you are producing more clean energy than what your home needs. This could increase your solar investment return and reduce your solar payback period such that many Bronx homeowners who install solar panels now will enjoy 20 years or more of free power after their solar panels have paid themselves off.
Calculate the saving from solar tax credits on your home solar panel cost
How does the cost of solar power compare to the electricity rates charged by Con Edison? (per kWh)
Levelized cost of power from this typical solar system installed on a home in Bronx over 25 years is 6¢ cents/kWh.
Average cost of utility power over 25 years (if you don't get solar) is 72¢ cents/kWh. This shows that solar is a far cheaper way to power your home in Bronx over the long term. The way we calculate the average cost of utility power is by assuming the current Con Edison electric rates will grow each year at a compound rate of 3.5%. Actual inflation may be higher or lower than this but either way this analysis shows that solar is a clearly better choice.
Detailed information about your estimate
|System Size (for 100% usage offset)||7.45 kW|
|Annual Power Generation||9,133 kWh|
|Pay-back time (assuming Cash purchase)||3 Years 5 Months|
|Internal Rate of Return (IRR) on Investment||35.6 %|
|Total Upfront Incentives and Rebates||-$13,021|
|Net Cost of System after rebates and incentives||$13,501|
|Total Cost of Utility Power Avoided over 25 years||$165,249|
Please note that the investment return figures do not include the possible increase in property value.
What is the current payback period average solar panel installation cost given current solar system cost in Bronx?
The payback period for Consolidated Edison (Con Ed) homeowners installing a solar panel system for home depends on their energy bills (or at least their electricity bills) from their utility company prior to installing solar, the finance method they choose to pay for their solar system, the size of system they install, the orientation and tilt of their roof and any shading that may affect output and of course the system prices charged by local solar installers. Those installing DIY solar panels may get a shorter payback period.
However, here are the results from solar quotes generated on solar-estimate.org in Bronx in 2019 taking the federal tax credit into account.
Pay Back Period
3 Years 5 Months
Equivalent Return on Investment (IRR)Equivalent Return on Investment (IRR)
Who are the best solar panels installation companies in Bronx and the surrounding areas?
|Company Name||Reviews All Time||Rating All Time|
|SunBlue Energy||57 Reviews||
5.00 based on 57 reviews
|Brightstar Solar||39 Reviews||
5.00 based on 39 reviews
|YSG Solar||78 Reviews||
4.94 based on 78 reviews
|SunPower by EmPower Solar||40 Reviews||
4.95 based on 40 reviews
|Venture Solar||157 Reviews||
4.89 based on 157 reviews
|Solar Liberty||11 Reviews||
5.00 based on 11 reviews
|Rural Generation and Wind||7 Reviews||
5.00 based on 7 reviews
|Zip Electric||3 Reviews||
5.00 based on 3 reviews
|NY State Solar||3 Reviews||
5.00 based on 3 reviews
|American Solar Partners||2 Reviews||
5.00 based on 2 reviews