Solar Panel Cost Guide in Cobleskill, NY (2024 Update)
- Cobleskill Solar Installation Cost: $11,446
- 25-Year Savings: $6,956
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Cobleskill
Here’s how much it might cost to install solar panels in Cobleskill.
The national average cost of solar panels is $2.66 per watt, but in Cobleskill it’s 4 per watt.The average solar panel system size in Cobleskill is around 4.5 kilowatts, meaning a cost of about $11,446 for a solar installation, or $16,368 before the 0 federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Cobleskill based on a variety of factors, such as the kind of solar panels you choose and the solar company you hire.Many homeowners find installing a solar system is a rewarding investment. The average homeowner in Cobleskill can save about $14,000 on their energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Cobleskill that can help you get a more accurate cost estimate for your home.
Solar savings over time in Cobleskill
| Year | Return on Investment |
|---|---|
| 1 years | $-10,537 |
| 3 years | $-8,720 |
| 5 years | $-6,903 |
| 7 years | $-5,086 |
| 9 years | $-3,269 |
| 11 years | $-1,451 |
| 13 years | $366 |
| 15 years | $2,183 |
| 17 years | $4,000 |
| 19 years | $5,817 |
| 21 years | $7,634 |
| 23 years | $9,451 |
| 25 years | $11,269 |
Top Solar Installers in Cobleskill
Many homeowners opt for a solar panel company since installing solar panels yourself can be time-consuming. Another advantage of going with a solar installer is that they can help you make the most of your return of investment by cutting back on future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Cobleskill
Factors that Affect Solar Panel Costs in Cobleskill
For many Cobleskill homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Cobleskill, with typical prices between $20,000 to $40,000. There are numerous 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 major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation 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 $3,650.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Cobleskill, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installer you choose will play a role in your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and decide on the company that provides the products, warranties and services you want and also is within your budget.
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 | $5,764 | 18.4 years |
| 8 kW | $3.72 | $20,849 | $8,094 | 18.0 years |
| 10 kW | $3.65 | $25,550 | $10,628 | 17.7 years |
| 12 kW | $3.58 | $30,047 | $13,367 | 17.3 years |
| 14 kW | $3.50 | $34,339 | $16,310 | 16.9 years |
| 16 kW | $3.43 | $38,427 | $19,458 | 16.6 years |
| 18 kW | $3.36 | $42,311 | $22,810 | 16.2 years |
| 20 kW | $3.29 | $45,990 | $26,366 | 15.9 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which installer you should go with, since different companies have access to different panels.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Cobleskill, NY Solar Cost FAQs
How much does it cost to install solar panels in Cobleskill?
The average cost of solar panels in Cobleskill is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Cobleskill?
Leasing solar panels can be an attractive choice, because it often comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $723.56 per year.
How long do solar panels last in Cobleskill?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.