Solar Panel Cost Guide in Coeymans, NY (2023 Update)
- Coeymans Solar Installation Cost: $9,189
- 25-Year Savings: $10,397
- Payback Period: 11.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Coeymans
Find out what the average cost of a solar system is in Coeymans.
The national average cost of solar panels is $2.66 per watt, but in Coeymans it's 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.
These figures are only averages, and the cost of going solar for you may differ based on factors unique to your home and what company you want to go with. For most homeowners, the upfront investment in solar is worth paying. On average Coeymans homeowners see about $17,000 in savings on utility bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Coeymans
| Year | Return on Investment |
|---|---|
| 1 years | $-8,406 |
| 3 years | $-6,839 |
| 5 years | $-5,272 |
| 7 years | $-3,705 |
| 9 years | $-2,138 |
| 11 years | $-571 |
| 13 years | $996 |
| 15 years | $2,563 |
| 17 years | $4,130 |
| 19 years | $5,696 |
| 21 years | $7,263 |
| 23 years | $8,830 |
| 25 years | $10,397 |
Top Solar Installers in Coeymans
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Hiring a solar panel installer can make switching to solar power much easier. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for your family.
There are a number of licensed solar professionals that can help you install your solar panels. 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 Coeymans
Factors that Affect Solar Panel Costs in Coeymans
There are several factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That's why it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you want 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
Most solar companies in Coeymans offer solar loans, which reduce the initial cost of installing solar panels. 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 can only 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 installation company you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Before you sign a contract with a solar installer, make sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
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 real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Coeymans?
You can't get solar panels for free in Coeymans. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $879.57 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 get 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.