Solar Panel Cost Guide in Schuyler Falls, NY (2024 Update)
- Schuyler Falls Solar Installation Cost: $11,879
- 25-Year Savings: $5,259
- Payback Period: 20.0 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Schuyler Falls
We break down average solar pricing in Schuyler Falls.
The average cost of a solar system in Schuyler Falls is 4 per watt.The average solar panel system size in Schuyler Falls is around 4.6 kilowatts, meaning a cost of about $11,879 for a solar installation, or $16,987 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will vary based on your specific situation and what company you choose to go with.But, after you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $12,000 over 20 years on power bills.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Schuyler Falls
Year | Return on Investment |
---|---|
1 years | $-11,053 |
3 years | $-9,402 |
5 years | $-7,750 |
7 years | $-6,098 |
9 years | $-4,446 |
11 years | $-2,794 |
13 years | $-1,142 |
15 years | $509 |
17 years | $2,161 |
19 years | $3,813 |
21 years | $5,465 |
23 years | $7,117 |
25 years | $8,769 |
Top Solar Installers in Schuyler Falls
Trying to install solar panels by yourself can be a time-consuming undertaking, which is why hiring a solar installation company is a good option for many homeowners. Another good thing about using a top solar installer is that it'll provide warranties and free repairs, which help protect your solar system over time.
If you're searching for a solar company in Schuyler Falls, the EcoWatch team has put together a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Schuyler Falls
Factors that Affect Solar Panel Costs in Schuyler Falls
For many Schuyler Falls homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Schuyler Falls, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Schuyler Falls, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can gauge by looking at past power bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.The type of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
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.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you pick will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The size of the company can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $3.80 | $15,943 | $3,233 | 20.8 years |
8 kW | $3.72 | $20,849 | $4,720 | 20.4 years |
10 kW | $3.65 | $25,550 | $6,411 | 20.0 years |
12 kW | $3.58 | $30,047 | $8,306 | 19.6 years |
14 kW | $3.50 | $34,339 | $10,406 | 19.2 years |
16 kW | $3.43 | $38,427 | $12,710 | 18.8 years |
18 kW | $3.36 | $42,311 | $15,218 | 18.4 years |
20 kW | $3.29 | $45,990 | $17,931 | 18.0 years |
How to Save on Solar Panels
There are many companies available in Schuyler Falls, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: If you’re worried about the longevity of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Look through the contract terms thoroughly to make sure you understand the overall cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Schuyler Falls, NY Solar Cost FAQs
How much does it cost to install solar panels in Schuyler Falls?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $18,250 for a 5-kW system and $36,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to think about when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Schuyler Falls, 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 check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.