Solar Panel Cost Guide in Coeymans, NY (2023 Update)
- Coeymans Solar Installation Cost: $9,197
- 25-Year Savings: $10,390
- Payback Period: 11.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Coeymans
Find out how much it might cost to install solar panels in Coeymans.
The average cost of solar panels in Coeymans is 2.95 per watt. The average Coeymans homeowner needs a 4.5-kilowatt system, which would cost about $9,189 with the federal tax credit, or $13,140 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with. With average savings of about $17,000 on energy bills over 20 years, many homeowners in Coeymans find investing in solar has a decent ROI.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Coeymans
| Year | Return on Investment |
|---|---|
| 1 years | $-7,973 |
| 3 years | $-5,525 |
| 5 years | $-3,078 |
| 7 years | $-630 |
| 9 years | $1,817 |
| 11 years | $4,265 |
| 13 years | $6,713 |
| 15 years | $9,160 |
| 17 years | $11,608 |
| 19 years | $14,055 |
| 21 years | $16,503 |
| 23 years | $18,951 |
| 25 years | $21,398 |
Top Solar Installers in Coeymans
Although you can install solar panels yourself, it takes extra energy and expertise. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Also, companies with an outstanding 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 looking for a solar company in Coeymans, the EcoWatch team has 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 Coeymans
Factors that Affect Solar Panel Costs in Coeymans
The cost of installing a solar system in Coeymans can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Coeymans, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Coeymans, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. 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 above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. 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 provides the products, warranties and services you're looking for 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 | $13,501 | 12.2 years |
| 8 kW | $3.01 | $16,850 | $18,332 | 12.0 years |
| 10 kW | $2.95 | $20,650 | $23,328 | 11.7 years |
| 12 kW | $2.89 | $24,284 | $28,490 | 11.5 years |
| 14 kW | $2.83 | $27,754 | $33,816 | 11.3 years |
| 16 kW | $2.77 | $31,058 | $39,308 | 11.0 years |
| 18 kW | $2.71 | $34,196 | $44,965 | 10.8 years |
| 20 kW | $2.66 | $37,170 | $50,787 | 10.6 years |
How to Save on Solar Panels
The solar panel company you go with will influence 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 a few important things you should take into account, such as:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Different companies carry various brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
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 Coeymans, NY Solar Cost FAQs
What is the average cost of installing solar panels in Coeymans?
The average cost of solar panels in Coeymans is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Coeymans, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a 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 account for 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.