Solar Panel Cost Guide in Cobleskill, NY (2023 Update)
- Cobleskill Solar Installation Cost: $9,251
- 25-Year Savings: $6,956
- Payback Period: 14.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Cobleskill
Let's take a look at the average cost of solar panels in Cobleskill.
The national average cost of solar panels is $2.66 per watt, but in Cobleskill it's 2.95 per watt. The average solar panel system size in Cobleskill 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 actual price you pay can go above or below the average in Cobleskill depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Cobleskill can save around $14,000 on their energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Cobleskill
| Year | Return on Investment |
|---|---|
| 1 years | $-8,342 |
| 3 years | $-6,525 |
| 5 years | $-4,708 |
| 7 years | $-2,891 |
| 9 years | $-1,074 |
| 11 years | $744 |
| 13 years | $2,561 |
| 15 years | $4,378 |
| 17 years | $6,195 |
| 19 years | $8,012 |
| 21 years | $9,829 |
| 23 years | $11,647 |
| 25 years | $13,464 |
Top Solar Installers in Cobleskill
Although you can install solar panels on your own, it requires extra energy and knowledge. That's one of the reasons most people choose to hire a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you're searching for a solar installer in Cobleskill, we've compiled a list of our top suggestions here:
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 Cobleskill
Factors that Affect Solar Panel Costs in Cobleskill
The cost of installing a solar system in Cobleskill can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are many different solar panel brands and the one you pick also changes the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Cobleskill to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence how much it costs. Cobleskill's solar companies all have different labor costs and add varying upcharges to equipment. Some companies 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 find a company that has the products, warranties and services you want and also fits 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 | $3.07 | $12,886 | $8,821 | 14.8 years |
| 8 kW | $3.01 | $16,850 | $12,092 | 14.6 years |
| 10 kW | $2.95 | $20,650 | $15,528 | 14.3 years |
| 12 kW | $2.89 | $24,284 | $19,129 | 14.0 years |
| 14 kW | $2.83 | $27,754 | $22,896 | 13.7 years |
| 16 kW | $2.77 | $31,058 | $26,827 | 13.4 years |
| 18 kW | $2.71 | $34,196 | $30,924 | 13.1 years |
| 20 kW | $2.66 | $37,170 | $35,186 | 12.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The kind of solar panel you want to install plays a part in which company you should go with, since different companies offer different panels.
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 Cobleskill, NY Solar Cost FAQs
How much does it cost to install solar panels in Cobleskill?
This is a difficult question to answer exactly, because the cost depends on many 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. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Are solar panels free in Cobleskill?
A solar panel system isn't free in Cobleskill, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.