Solar Panel Cost Guide in East Greenbush, NY (2023 Update)
- East Greenbush Solar Installation Cost: $9,416
- 25-Year Savings: $6,087
- Payback Period: 15.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in East Greenbush
Find out how much it might cost to go solar in East Greenbush.
While the national average of solar panels is $2.66 per watt, solar panels in East Greenbush typically cost around 2.95. The average solar panel system size in East Greenbush is around 4.6 kilowatts, meaning a cost of about $9,416 for a solar installation, or $13,465 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of equipment you want to get, your solar contractor and more. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically rewarding, with a net average savings of about $13,000 over 20 years on utility bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in East Greenbush
| Year | Return on Investment |
|---|---|
| 1 years | $-8,796 |
| 3 years | $-7,556 |
| 5 years | $-6,316 |
| 7 years | $-5,075 |
| 9 years | $-3,835 |
| 11 years | $-2,595 |
| 13 years | $-1,355 |
| 15 years | $-114 |
| 17 years | $1,126 |
| 19 years | $2,366 |
| 21 years | $3,607 |
| 23 years | $4,847 |
| 25 years | $6,087 |
Top Solar Installers in East Greenbush
Many homeowners decide to hire a solar panel company since trying to install solar panels by yourself can be a labor-intensive endeavor. Solar warranties and repairs are often included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money after your initial investment.
If you'd like to go solar but still aren't sure which solar panel company to go with, here are our recommendations for providers near you:
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 East Greenbush
Factors that Affect Solar Panel Costs in East Greenbush
Even though the average cost of a solar system in East Greenbush is $9,416, your actual cost may differ. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation need 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. Typically, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you choose 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
Most solar installers in East Greenbush offer solar loans, which reduce the initial cost of installing solar. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in East Greenbush, and each can charge varying amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $7,503 | 15.8 years |
| 8 kW | $3.01 | $16,850 | $10,335 | 15.5 years |
| 10 kW | $2.95 | $20,650 | $13,332 | 15.2 years |
| 12 kW | $2.89 | $24,284 | $16,494 | 14.9 years |
| 14 kW | $2.83 | $27,754 | $19,821 | 14.6 years |
| 16 kW | $2.77 | $31,058 | $23,313 | 14.3 years |
| 18 kW | $2.71 | $34,196 | $26,971 | 14.0 years |
| 20 kW | $2.66 | $37,170 | $30,793 | 13.7 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as repairing your electrical system or roof.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
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 East Greenbush, NY Solar Cost FAQs
What is the average cost of installing solar panels in East Greenbush?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is cost the most important thing to keep in mind 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.
Is making the switch to solar worth it?
Solar panels can be a beneficial 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 electricity bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.