Solar Panel Cost Guide in Montgomery, NY (2025 Update)
- Montgomery Solar Installation Cost: $11,058
- 25-Year Savings: $13,323
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Montgomery
Find out what the average cost of a solar system is in Montgomery.
In Montgomery, solar panels cost about 4 per watt on average.Using this figure, a typical 4.3-kW system would cost about $11,058 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The true cost of making the switch to solar can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what company you go with.With typical savings of about $20,000 on electricity bills over 20 years, many homeowners in Montgomery find going solar can be quite rewarding.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Montgomery
| Year | Return on Investment |
|---|---|
| 1 years | $-9,794 |
| 3 years | $-7,268 |
| 5 years | $-4,742 |
| 7 years | $-2,215 |
| 9 years | $311 |
| 11 years | $2,838 |
| 13 years | $5,364 |
| 15 years | $7,890 |
| 17 years | $10,417 |
| 19 years | $12,943 |
| 21 years | $15,470 |
| 23 years | $17,996 |
| 25 years | $20,522 |
Top Solar Installers in Montgomery
Trying to install solar panels on your own can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Since solar panels are exposed to the elements every day, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Montgomery
Factors that Affect Solar Panel Costs in Montgomery
For many Montgomery homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Montgomery, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy 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 nearly $3,650. The type of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Montgomery, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more accessible.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Montgomery is the company you get to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services for different budgets.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 with an above-average cost. It’s best to do some research and decide on the company that provides the products, warranties and services you’re looking for and also fit into 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 | $3.80 | $15,943 | $14,918 | 12.9 years |
| 8 kW | $3.72 | $20,849 | $20,299 | 12.7 years |
| 10 kW | $3.65 | $25,550 | $25,885 | 12.4 years |
| 12 kW | $3.58 | $30,047 | $31,675 | 12.2 years |
| 14 kW | $3.50 | $34,339 | $37,669 | 11.9 years |
| 16 kW | $3.43 | $38,427 | $43,868 | 11.7 years |
| 18 kW | $3.36 | $42,311 | $50,272 | 11.4 years |
| 20 kW | $3.29 | $45,990 | $56,879 | 11.2 years |
How to Save on Solar Panels
The company that does your solar system 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 challenge, 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: The type of solar panel you’d like plays a part in which company you should choose, since different companies have different panels.
EcoWatch's Montgomery, NY Solar Cost FAQs
How much does it cost to install solar panels in Montgomery?
The average cost of solar panels in Montgomery is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact how much my home is worth?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
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 install 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.