Solar Panel Cost Guide in Wynantskill, NY (2023 Update)
- Wynantskill Solar Installation Cost: $9,416
- 25-Year Savings: $6,087
- Payback Period: 15.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wynantskill
Let's have a look at the average cost of solar in Wynantskill.
The national average cost of solar panels is $2.66 per watt, but in Wynantskill it's 2.95 per watt. To cover the typical energy usage of the average home in Wynantskill, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,416, or $13,465 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is usually rewarding, with a net average savings of about $13,000 over 20 years on energy bills.
To get a free estimate from a vetted solar installer in Wynantskill, you can click the button below.
Solar savings over time in Wynantskill
| Year | Return on Investment |
|---|---|
| 1 years | $-8,796 |
| 3 years | $-7,556 |
| 5 years | $-6,316 |
| 7 years | $-5,075 |
| 9 years | $-3,835 |
| 11 years | $-2,595 |
| 13 years | $-1,355 |
| 15 years | $-114 |
| 17 years | $1,126 |
| 19 years | $2,366 |
| 21 years | $3,607 |
| 23 years | $4,847 |
| 25 years | $6,087 |
Top Solar Installers in Wynantskill
Although it's possible to install solar panels by yourself, it takes extra energy and handiness. That's one of the reasons almost all homeowners choose to hire a solar panel installer. Another perk of using a solar company is that they can help you optimize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our recommendations for providers near you:
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 Wynantskill
Factors that Affect Solar Panel Costs in Wynantskill
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Wynantskill: 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. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. There are several different solar panel brands and the one you choose also changes the cost. Generally, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Wynantskill homeowners choose to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your overall costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Wynantskill, and each can charge different amounts for labor and equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $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
The solar company you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Warranty: If you care about the longevity of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
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 Wynantskill, NY Solar Cost FAQs
How much does it cost to install solar panels in Wynantskill?
The average cost of solar panels in Wynantskill is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Wynantskill?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Can you sell solar power back to the grid in Wynantskill?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.