Solar Panel Cost Guide in Schaghticoke, NY (Mar 2023)
- Schaghticoke Solar Installation Cost: $9,416
- 25-Year Savings: $6,369
- Payback Period: 14.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Schaghticoke
Find out what the average cost of installing solar panels is in Schaghticoke.
In Schaghticoke, solar panels cost about 2.95 per watt on average. To cover the typical energy needs of the average home in Schaghticoke, most homeowners require a 4.6-kilowatt system. Using the figure above, a solar installation costs around $9,416, or $13,465 before the federal solar tax credit of 30% is applied.
These figures are only averages, and your own solar costs may look different based on factors unique to your home and what company you want to go with. For many homeowners, the upfront cost of solar is worth paying. On average Schaghticoke homeowners see about $13,000 in savings on energy bills over 20 years.
To calculate your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Schaghticoke
| Year | Return on Investment |
|---|---|
| 1 years | $-8,785 |
| 3 years | $-7,522 |
| 5 years | $-6,259 |
| 7 years | $-4,997 |
| 9 years | $-3,734 |
| 11 years | $-2,471 |
| 13 years | $-1,208 |
| 15 years | $55 |
| 17 years | $1,317 |
| 19 years | $2,580 |
| 21 years | $3,843 |
| 23 years | $5,106 |
| 25 years | $6,369 |
Top Solar Installers in Schaghticoke
Putting up solar panels by yourself can be a challenging undertaking, which is why hiring a solar installer is a good option for many homeowners. Another advantage of going with a solar company is that they can help you maximize your investment by cutting back on future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Schaghticoke
Factors that Affect Solar Panel Costs in Schaghticoke
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Schaghticoke: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Schaghticoke homeowners opt to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, 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 getting a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Schaghticoke, and each can charge different amounts for labor and equipment. Additionally, some companies in Schaghticoke know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $7,873 | 15.5 years |
| 8 kW | $3.01 | $16,850 | $10,828 | 15.2 years |
| 10 kW | $2.95 | $20,650 | $13,948 | 14.9 years |
| 12 kW | $2.89 | $24,284 | $17,234 | 14.6 years |
| 14 kW | $2.83 | $27,754 | $20,684 | 14.3 years |
| 16 kW | $2.77 | $31,058 | $24,300 | 14.0 years |
| 18 kW | $2.71 | $34,196 | $28,081 | 13.7 years |
| 20 kW | $2.66 | $37,170 | $32,027 | 13.4 years |
How to Save on Solar Panels
There are many companies available in Schaghticoke, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a role in which installer you should go with, since different companies offer different panels.
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 Schaghticoke, NY Solar Cost FAQs
How much does it cost to install solar panels in Schaghticoke?
This is a tough question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Schaghticoke?
You can't get solar panels for free in Schaghticoke. 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'd rather own your solar panels, you can finance them with a solar loan.
Does Schaghticoke have a net metering program?
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 power bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.