Solar Panel Cost Guide in Glens Falls, NY (2023 Update)
- Glens Falls Solar Installation Cost: $9,375
- 25-Year Savings: $6,832
- Payback Period: 14.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Glens Falls
Find out what the average cost of solar panels are in Glens Falls.
In Glens Falls, solar panels cost about 2.95 per watt on average. Because a 4.5-kW system is needed to cover the energy usage of a typical home in Glens Falls, the average price of going solar will be about $9,375 after claiming the federal solar tax credit of 30%.
The true price you pay can be higher or lower than the average in Glens Falls depending on several factors, such as the type of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Glens Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-8,727 |
| 3 years | $-7,430 |
| 5 years | $-6,134 |
| 7 years | $-4,837 |
| 9 years | $-3,541 |
| 11 years | $-2,244 |
| 13 years | $-947 |
| 15 years | $349 |
| 17 years | $1,646 |
| 19 years | $2,942 |
| 21 years | $4,239 |
| 23 years | $5,535 |
| 25 years | $6,832 |
Top Solar Installers in Glens Falls
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar panel installer can make switching to solar power much easier. The expertise that solar companies offer can be useful as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
There are several licensed solar professionals that can take care of your solar installation project. 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 Glens Falls
Factors that Affect Solar Panel Costs in Glens Falls
There are several factors that can influence your total 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
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,950. The kind of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Glens Falls, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. Though solar loans make switching to solar energy more accessible for Glens Falls homeowners, they can also increase the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar installation companies operating in Glens Falls, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to 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 | $8,537 | 15.0 years |
| 8 kW | $3.01 | $16,850 | $11,712 | 14.7 years |
| 10 kW | $2.95 | $20,650 | $15,054 | 14.5 years |
| 12 kW | $2.89 | $24,284 | $18,560 | 14.2 years |
| 14 kW | $2.83 | $27,754 | $22,231 | 13.9 years |
| 16 kW | $2.77 | $31,058 | $26,068 | 13.6 years |
| 18 kW | $2.71 | $34,196 | $30,070 | 13.3 years |
| 20 kW | $2.66 | $37,170 | $34,237 | 13.0 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, including:
- Solar Panel Brands: The model of solar panel you want to get plays a part in which installer you should choose, since different companies have different panels.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a quality company.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
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 Glens Falls, NY Solar Cost FAQs
What is the average cost of installing solar panels in Glens Falls?
This is a tough question to answer precisely, because the cost depends on a variety of 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 other 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 go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Glens Falls, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Glens Falls?
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 their energy production will have decreased significantly after that point. You can decide to replace them after having 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.