Solar Panel Cost Guide in Cohoes, NY (Jan 2023)
- Cohoes Solar Installation Cost: $9,189
- 25-Year Savings: $7,018
- Payback Period: 14.2 Years
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Top Solar Installers in Cohoes
Although you can install solar panels by yourself, it takes extra effort and expertise. For that reason, almost all homeowners choose a solar panel installer. Another upside of working with a solar installer is that they can help you optimize your return of investment by lowering your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Cohoes
Factors that Affect Solar Panel Costs in Cohoes
Even though the average cost of a solar system in Cohoes is $9,189, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
The cost of solar panels varies by thousands of dollars due to a few 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 production 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 $2,950. There are several different solar panel brands and the one you pick also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid option because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Cohoes, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Cohoes have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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||$8,949||14.8 years|
|8 kW||$3.01||$16,850||$12,262||14.5 years|
|10 kW||$2.95||$20,650||$15,740||14.2 years|
|12 kW||$2.89||$24,284||$19,384||13.9 years|
|14 kW||$2.83||$27,754||$23,193||13.6 years|
|16 kW||$2.77||$31,058||$27,167||13.3 years|
|18 kW||$2.71||$34,196||$31,306||13.1 years|
|20 kW||$2.66||$37,170||$35,610||12.8 years|
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose greatly affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated 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 satisfied reviews from past customers.
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which installer you should choose, since different companies provide different panels.
EcoWatch's Cohoes, NY Solar Cost FAQs
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.