Solar Panel Cost Guide in Glens Falls North, NY (2023 Update)
- Glens Falls North 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 North
Let's take a look at the average cost of solar panels in Glens Falls North.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Glens Falls North, the typical cost of solar panels is 2.95 per watt. Using this figure, a typical 4.5-kW system would cost about $9,375 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. With typical savings of about $14,000 on electricity bills over 20 years, many homeowners in Glens Falls North find investing in solar can pay off big.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Glens Falls North
| 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 North
Many homeowners decide to hire a solar panel installer since trying to install solar panels by yourself can be time-consuming. Another benefit of using a solar installer is that they can help you maximize your return of investment by reducing your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 North
Factors that Affect Solar Panel Costs in Glens Falls North
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that will push your cost above or below the average in Glens Falls North: 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The model of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on 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 falls within your budget.
Solar Financing Terms
Most solar companies in Glens Falls North provide solar loans, which reduce your upfront costs of installing a solar system. However, the interest on solar loans also adds to your all-in costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a role in your total costs. There are about 3 solar panel companies operating in Glens Falls North, and each can charge varying amounts 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 at a higher cost. It's best to do some research and choose a company that provides the products, warranties and services you're looking for and also fits within 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 | $3.07 | $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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
- Warranty: If you care about the longevity of your solar panel system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 North, NY Solar Cost FAQs
What is the average cost of installing solar panels in Glens Falls North?
This is a hard question to answer exactly, 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Glens Falls North?
Leasing solar panels can be an appealing choice, as it usually 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Glens Falls North have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels should I get 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 cover 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.