Solar Panel Cost Guide in Ballston, NY (2023 Update)
- Ballston Solar Installation Cost: $9,251
- 25-Year Savings: $6,487
- Payback Period: 14.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ballston
Find out what the average cost of solar panel installation is in Ballston.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ballston, the typical cost of solar panels is 2.95 per watt. The average solar panel system size in Ballston is around 4.5 kilowatts, meaning a cost of about $9,251 for a solar installation, or $13,229 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of going solar can vary depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. Despite the large upfront cost, the average Ballston homeowner can save about $13,000 on their power bills over 20 years, which is one of the advantages of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Ballston
| Year | Return on Investment |
|---|---|
| 1 years | $-8,622 |
| 3 years | $-7,363 |
| 5 years | $-6,104 |
| 7 years | $-4,845 |
| 9 years | $-3,586 |
| 11 years | $-2,326 |
| 13 years | $-1,067 |
| 15 years | $192 |
| 17 years | $1,451 |
| 19 years | $2,710 |
| 21 years | $3,969 |
| 23 years | $5,228 |
| 25 years | $6,487 |
Top Solar Installers in Ballston
Although you can install solar panels by yourself, it involves extra energy and expertise. For that reason, most homeowners choose to go with a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be right for your home.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Ballston
Factors that Affect Solar Panel Costs in Ballston
For many Ballston homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Ballston, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. There are many different solar panel brands and the one you pick also affects the cost. Typically, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Ballston homeowners choose to finance their solar panel systems to make going solar more affordable. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Ballston, and each can charge different amounts for labor and equipment. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $8,173 | 15.3 years |
| 8 kW | $3.01 | $16,850 | $11,228 | 15.0 years |
| 10 kW | $2.95 | $20,650 | $14,448 | 14.7 years |
| 12 kW | $2.89 | $24,284 | $17,833 | 14.4 years |
| 14 kW | $2.83 | $27,754 | $21,383 | 14.1 years |
| 16 kW | $2.77 | $31,058 | $25,099 | 13.8 years |
| 18 kW | $2.71 | $34,196 | $28,980 | 13.5 years |
| 20 kW | $2.66 | $37,170 | $33,026 | 13.2 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose significantly impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Ballston, NY Solar Cost FAQs
What is the average cost of installing solar panels in Ballston?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Ballston?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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 install 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.