Solar Panel Cost Guide in North Greenbush, NY (2023 Update)
- North Greenbush Solar Installation Cost: $9,421
- 25-Year Savings: $6,082
- Payback Period: 15.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in North Greenbush
Let's take a look at the average cost of solar in North Greenbush.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North Greenbush, the typical cost of solar panels is 2.95 per watt. Using this figure, a typical 4.6-kW system would cost about $9,416 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what solar installer you go with. With typical savings of about $13,000 on energy bills over 20 years, many homeowners in North Greenbush find going solar can be quite rewarding.
You can click the button below to get connected with a vetted solar company in North Greenbush for a quote for your home.
Solar savings over time in North Greenbush
| Year | Return on Investment |
|---|---|
| 1 years | $-9,369 |
| 3 years | $-9,266 |
| 5 years | $-9,163 |
| 7 years | $-9,059 |
| 9 years | $-8,956 |
| 11 years | $-8,853 |
| 13 years | $-8,749 |
| 15 years | $-8,646 |
| 17 years | $-8,543 |
| 19 years | $-8,439 |
| 21 years | $-8,336 |
| 23 years | $-8,232 |
| 25 years | $-8,129 |
Top Solar Installers in North Greenbush
Although it's possible to install solar panels yourself, it requires extra time and handiness. That's one of the reasons most people choose a solar panel installer. Plus, warranties and repairs from your solar panel installer can protect your investment and lower the cost of maintenance over the lifespan of your panels.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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 North Greenbush
Factors that Affect Solar Panel Costs in North Greenbush
Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in North Greenbush: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
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 uses, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in North Greenbush. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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 over time on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the North Greenbush average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. 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're only able to 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 securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can impact how much you pay. North Greenbush's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in North Greenbush have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $7,503 | 15.8 years |
| 8 kW | $3.01 | $16,850 | $10,335 | 15.5 years |
| 10 kW | $2.95 | $20,650 | $13,332 | 15.2 years |
| 12 kW | $2.89 | $24,284 | $16,494 | 14.9 years |
| 14 kW | $2.83 | $27,754 | $19,821 | 14.6 years |
| 16 kW | $2.77 | $31,058 | $23,313 | 14.3 years |
| 18 kW | $2.71 | $34,196 | $26,971 | 14.0 years |
| 20 kW | $2.66 | $37,170 | $30,793 | 13.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
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 North Greenbush, NY Solar Cost FAQs
What is the average cost of installing solar panels in North Greenbush?
The average cost of solar panels in North Greenbush is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in North Greenbush?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can 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 account for 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.