Solar Panel Cost Guide in Gloversville, NY (2024 Update)
- Gloversville Solar Installation Cost: $11,407
- 25-Year Savings: $6,988
- Payback Period: 17.6 Years
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Average Cost of Solar Panels in Gloversville
Find out what the average cost of a solar system is in Gloversville.
The national average cost of solar panels is $2.66 per watt, but in Gloversville it’s 4 per watt.To account for the typical energy needs of the average home in Gloversville, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs about $11,407, or $16,312 before the federal solar tax credit of 0 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 consumption, the type of equipment you choose, your solar contractor and more.Many homeowners find going solar is a rewarding investment. The average homeowner in Gloversville can save about $14,000 on their power bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Gloversville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,498 |
| 3 years | $-8,681 |
| 5 years | $-6,864 |
| 7 years | $-5,047 |
| 9 years | $-3,230 |
| 11 years | $-1,412 |
| 13 years | $405 |
| 15 years | $2,222 |
| 17 years | $4,039 |
| 19 years | $5,856 |
| 21 years | $7,673 |
| 23 years | $9,490 |
| 25 years | $11,308 |
Top Solar Installers in Gloversville
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with a solar company can make switching to solar power much easier. Solar companies provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you’d like to start using solar energy but still aren’t certain which solar panel company to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Gloversville
Factors that Affect Solar Panel Costs in Gloversville
There are a number of criteria that can determine your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $3,650. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Gloversville provide solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your all-in costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar panel companies operating in Gloversville, and each can charge different 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 additional 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 | $3.80 | $15,943 | $5,838 | 18.3 years |
| 8 kW | $3.72 | $20,849 | $8,193 | 17.9 years |
| 10 kW | $3.65 | $25,550 | $10,752 | 17.6 years |
| 12 kW | $3.58 | $30,047 | $13,515 | 17.2 years |
| 14 kW | $3.50 | $34,339 | $16,483 | 16.9 years |
| 16 kW | $3.43 | $38,427 | $19,656 | 16.5 years |
| 18 kW | $3.36 | $42,311 | $23,032 | 16.2 years |
| 20 kW | $3.29 | $45,990 | $26,613 | 15.8 years |
How to Save on Solar Panels
There are numerous companies available in Gloversville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: Even 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 what services your solar company will provide and the terms of the warranty.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to do the job well. Another way you can verify your installer’s reputation is by reading reviews.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which company you should opt for, since different companies have different panels.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Gloversville, NY Solar Cost FAQs
What is the average cost of installing solar panels in Gloversville?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 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 consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Gloversville?
You can’t get solar panels for free in Gloversville. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Gloversville?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.