Solar Panel Cost Guide in Coeymans, NY (2024 Update)
- Coeymans Solar Installation Cost: $11,379
- 25-Year Savings: $10,390
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Coeymans
Find out what the average cost of installing solar panels is in Coeymans.
The national average cost of solar panels is $2.66 per watt, but in Coeymans it’s 4 per watt.Using this figure, a typical 4.5-kW system would cost about $11,379 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more.Even with the large upfront cost, the average Coeymans homeowner can save around $17,000 on their energy bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a reputable solar panel company in your area for a custom estimate.
Solar savings over time in Coeymans
| Year | Return on Investment |
|---|---|
| 1 years | $-10,155 |
| 3 years | $-7,708 |
| 5 years | $-5,260 |
| 7 years | $-2,812 |
| 9 years | $-365 |
| 11 years | $2,083 |
| 13 years | $4,530 |
| 15 years | $6,978 |
| 17 years | $9,425 |
| 19 years | $11,873 |
| 21 years | $14,321 |
| 23 years | $16,768 |
| 25 years | $19,216 |
Top Solar Installers in Coeymans
Many homeowners opt for a solar installation company since trying to install solar panels by yourself can be a lot of work. Solar warranties and repairs are ordinarily included in the cost of installation when you hire a solar company as well, which can save you more money after your upfront investment.
If you're searching for a solar installer 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
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 Coeymans
Factors that Affect Solar Panel Costs in Coeymans
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Coeymans: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Coeymans to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time due to interest.However, the interest on solar loans also adds to your all-in costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the growing popularity of sustainable energy solutions in Coeymans, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.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 with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also fit into 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 | $10,444 | 15.1 years |
| 8 kW | $3.72 | $20,849 | $14,334 | 14.8 years |
| 10 kW | $3.65 | $25,550 | $18,428 | 14.5 years |
| 12 kW | $3.58 | $30,047 | $22,727 | 14.2 years |
| 14 kW | $3.50 | $34,339 | $27,231 | 13.9 years |
| 16 kW | $3.43 | $38,427 | $31,938 | 13.7 years |
| 18 kW | $3.36 | $42,311 | $36,850 | 13.4 years |
| 20 kW | $3.29 | $45,990 | $41,967 | 13.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- 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 repairing your electrical system or roof.
- Warranty: If you care about the endurance of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: It’s important to look over your solar installer’s contract thoroughly 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: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer’s reputation is by reading reviews.
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 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 $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 things such as the model 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 Coeymans?
Leasing solar panels can be an attractive choice, because it commonly 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 option if you want to get the most savings.
Is making the switch to solar worth it?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably 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 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.