Solar Panel Cost Guide in Queensbury, NY (Mar 2023)
- Queensbury Solar Installation Cost: $9,375
- 25-Year Savings: $6,832
- Payback Period: 14.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Queensbury
Find out how much it might cost to install solar panels in Queensbury.
In Queensbury, solar panels cost about 2.95 per watt on average. To account for the typical energy usage of the average home in Queensbury, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,375, or $13,406 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Queensbury homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Even with the large initial cost, the average Queensbury homeowner can save about $14,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar company in Queensbury for a quote for your home.
Solar savings over time in Queensbury
| Year | Return on Investment |
|---|---|
| 1 years | $-8,727 |
| 3 years | $-7,430 |
| 5 years | $-6,134 |
| 7 years | $-4,837 |
| 9 years | $-3,541 |
| 11 years | $-2,244 |
| 13 years | $-947 |
| 15 years | $349 |
| 17 years | $1,646 |
| 19 years | $2,942 |
| 21 years | $4,239 |
| 23 years | $5,535 |
| 25 years | $6,832 |
Top Solar Installers in Queensbury
Although it's possible to install solar panels yourself, it involves extra energy and know-how. That's why almost all homeowners choose to hire a solar panel installer. The payback period of solar panels will vary depending on factors like your location and energy consumption, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you identify incentives available in your area.
If you'd like to go solar but still aren't sure which solar system installer to go with, here are our recommendations for providers nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Queensbury
Factors that Affect Solar Panel Costs in Queensbury
For many Queensbury homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Queensbury, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Queensbury, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by about $2,950 for each additional kilowatt you need. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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 over time on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Queensbury average.
Solar Financing Terms
Many homeowners find the average cost of solar in Queensbury to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. 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 more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can play a role in determining your pricing. Queensbury's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Queensbury 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 that service. 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 | $8,537 | 15.0 years |
| 8 kW | $3.01 | $16,850 | $11,712 | 14.7 years |
| 10 kW | $2.95 | $20,650 | $15,054 | 14.5 years |
| 12 kW | $2.89 | $24,284 | $18,560 | 14.2 years |
| 14 kW | $2.83 | $27,754 | $22,231 | 13.9 years |
| 16 kW | $2.77 | $31,058 | $26,068 | 13.6 years |
| 18 kW | $2.71 | $34,196 | $30,070 | 13.3 years |
| 20 kW | $2.66 | $37,170 | $34,237 | 13.0 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Contract: Although reading through a contract can be tedious, 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.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Queensbury, NY Solar Cost FAQs
What is the average cost of installing solar panels in Queensbury?
The average cost of solar panels in Queensbury 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Queensbury?
You can't get solar panels for free in Queensbury. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Queensbury, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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.
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.