Solar Panel Cost Guide in Guilderland, NY (Jan 2023)
- Guilderland Solar Installation Cost: $9,189
- 25-Year Savings: $7,544
- Payback Period: 13.7 Years
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Top Solar Installers in Guilderland
Putting up solar panels yourself can be a time-consuming project, which is why getting a solar installation company is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Guilderland
Factors that Affect Solar Panel Costs in Guilderland
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Guilderland: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
One of the most important factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,950 per kilowatt in Guilderland. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Guilderland average.
Solar Financing Terms
Many homeowners find the average cost of solar in Guilderland to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. While solar loans make switching to solar energy more accessible for Guilderland homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect the cost. Guilderland's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and find a company that has the products, warranties and services you're looking for and also is 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||$9,658||14.3 years|
|8 kW||$3.01||$16,850||$13,208||14.0 years|
|10 kW||$2.95||$20,650||$16,923||13.7 years|
|12 kW||$2.89||$24,284||$20,803||13.5 years|
|14 kW||$2.83||$27,754||$24,848||13.2 years|
|16 kW||$2.77||$31,058||$29,059||12.9 years|
|18 kW||$2.71||$34,196||$33,435||12.6 years|
|20 kW||$2.66||$37,170||$37,976||12.4 years|
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The type of solar panel you want plays a role in which installer you should choose, since different companies offer different panels.
- Contract: Review the contract terms closely to make sure you understand the overall cost, project timeline incentives and warranties.
EcoWatch's Guilderland, NY Solar Cost FAQs
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.