Solar Panel Cost Guide in Coxsackie, NY (Feb 2023)
- Coxsackie Solar Installation Cost: $9,189
- 25-Year Savings: $11,073
- Payback Period: 11.3 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Coxsackie
We break down average solar pricing in Coxsackie.
In Coxsackie, solar panels cost about $3 per watt on average. The average solar panel system size in Coxsackie is around 4.5 kilowatts, meaning a cost of about $9,189 for a solar installation, or $6,800 after the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Coxsackie based on several factors, such as the model of solar panels you choose and the solar installer you hire. Even with the large initial cost, the average Coxsackie homeowner can save around $17,000 on their energy bills over 20 years, which is one of the advantages of solar.
To receive a free quote from a highly rated solar installer in Coxsackie, you can click the button below.
Solar savings over time in Coxsackie
| Year | Return on Investment |
|---|---|
| 1 years | $-8,379 |
| 3 years | $-6,758 |
| 5 years | $-5,137 |
| 7 years | $-3,516 |
| 9 years | $-1,895 |
| 11 years | $-274 |
| 13 years | $1,347 |
| 15 years | $2,968 |
| 17 years | $4,589 |
| 19 years | $6,210 |
| 21 years | $7,831 |
| 23 years | $9,452 |
| 25 years | $11,073 |
Top Solar Installers in Coxsackie
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make switching to solar power much easier. Some solar companies, particularly local ones, can help you take advantage of incentives in Coxsackie, thereby optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Coxsackie
Factors that Affect Solar Panel Costs in Coxsackie
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that will push your cost above or below the average in Coxsackie: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are a lot of different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you're looking to install 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 Coxsackie to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. While solar loans make switching to solar energy more accessible for Coxsackie homeowners, they can also add to the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you select will influence your total cost to make the switch to solar . Different companies will charge different amounts for the equipment and labor. You may see national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $14,429 | 11.8 years |
| 8 kW | $3.01 | $16,850 | $19,569 | 11.6 years |
| 10 kW | $2.95 | $20,650 | $24,875 | 11.3 years |
| 12 kW | $2.89 | $24,284 | $30,345 | 11.1 years |
| 14 kW | $2.83 | $27,754 | $35,981 | 10.9 years |
| 16 kW | $2.77 | $31,058 | $41,782 | 10.7 years |
| 18 kW | $2.71 | $34,196 | $47,748 | 10.4 years |
| 20 kW | $2.66 | $37,170 | $53,879 | 10.2 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, such as:
- Contract: Review the contract terms carefully to make sure you understand the overall cost, project timeline incentives and warranties.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The type of solar panel you'd like to install plays a role in which installer you should opt for, since different companies have different panels.
- Reputation: Your solar installer should have a sound 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 satisfied reviews from past customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Coxsackie, NY Solar Cost FAQs
How much does it cost to install solar panels in Coxsackie?
The average cost of solar panels in Coxsackie 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 things like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Coxsackie?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Does Coxsackie have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption 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 buy 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.