Solar Panel Cost Guide in New Scotland, NY (Feb 2023)
- New Scotland Solar Installation Cost: $9,189
- 25-Year Savings: $8,598
- Payback Period: 12.9 Years
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Top Solar Installers in New Scotland
Installing solar panels by yourself can be a dangerous task, which is why getting a solar installer is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't certain which solar system company to go with, here are our recommendations for providers in New Scotland:
See all of the solar companies in New Scotland
Factors that Affect Solar Panel Costs in New Scotland
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that will push your cost above or below the average in New Scotland: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,950. The kind of 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. On the other hand, higher efficiency could save you more in the long run on your energy bills. In addition, add-on products, like solar batteries, can bring your total well above the New Scotland average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in New Scotland, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. When figuring out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in New Scotland, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on 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||$11,077||13.4 years|
|8 kW||$3.01||$16,850||$15,100||13.2 years|
|10 kW||$2.95||$20,650||$19,288||12.9 years|
|12 kW||$2.89||$24,284||$23,641||12.7 years|
|14 kW||$2.83||$27,754||$28,160||12.4 years|
|16 kW||$2.77||$31,058||$32,843||12.2 years|
|18 kW||$2.71||$34,196||$37,692||11.9 years|
|20 kW||$2.66||$37,170||$42,706||11.6 years|
How to Save on Solar Panels
There are many companies to choose from in New Scotland, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies offer different brands and types of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: 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 how part repairs and replacements will be handled.
EcoWatch's New Scotland, 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.