Solar Panel Cost Guide in Schenectady, NY (Feb 2023)
- Schenectady Solar Installation Cost: $9,189
- 25-Year Savings: $7,018
- Payback Period: 14.2 Years
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Top Solar Installers in Schenectady
Putting up solar panels on your own can be a dangerous task, which is why getting a solar installer is a good option for many homeowners. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers nearby:
See all of the solar companies in Schenectady
Factors that Affect Solar Panel Costs in Schenectady
For many Schenectady homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Schenectady, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you'll pay, which we'll go over below.
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $2,950 per kilowatt in Schenectady. 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. However, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Schenectady average.
Solar Financing Terms
Many homeowners find the average cost of solar in Schenectady to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Schenectady is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that provide a range of services at different price points. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. 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||$3.07||$12,886||$8,983||14.7 years|
|8 kW||$3.01||$16,850||$12,308||14.4 years|
|10 kW||$2.95||$20,650||$15,798||14.2 years|
|12 kW||$2.89||$24,284||$19,454||13.9 years|
|14 kW||$2.83||$27,754||$23,274||13.6 years|
|16 kW||$2.77||$31,058||$27,260||13.3 years|
|18 kW||$2.71||$34,196||$31,411||13.0 years|
|20 kW||$2.66||$37,170||$35,727||12.7 years|
How to Save on Solar Panels
The solar installer you go with will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which installer you should choose, since different companies have access to different panels.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
EcoWatch's Schenectady, 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.