Solar Panel Cost Guide in Ballston Spa, NY (2025 Update)
- Ballston Spa Solar Installation Cost: $11,457
- 25-Year Savings: $6,244
- Payback Period: 18.5 Years
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Average Cost of Solar Panels in Ballston Spa
Find out what the average cost of a solar system is in Ballston Spa.
The national average cost of solar panels is $2.66 per watt, but in Ballston Spa it’s 4 per watt.The average solar panel system size in Ballston Spa is around 4.5 kilowatts, meaning a cost of about $11,457 for a solar installation, or $16,384 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Ballston Spa based on several factors, such as the brand of solar panels you choose and the solar contractor you hire.With typical savings of about $13,000 on power bills over 20 years, many homeowners in Ballston Spa find investing in solar can be quite rewarding.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Ballston Spa
Year | Return on Investment |
---|---|
1 years | $-10,631 |
3 years | $-8,979 |
5 years | $-7,327 |
7 years | $-5,675 |
9 years | $-4,023 |
11 years | $-2,372 |
13 years | $-720 |
15 years | $932 |
17 years | $2,584 |
19 years | $4,236 |
21 years | $5,888 |
23 years | $7,540 |
25 years | $9,191 |
Top Solar Installers in Ballston Spa
Many homeowners choose to hire a solar panel company since installing solar panels yourself can be a labor-intensive endeavor. The expertise that solar installers provide can be helpful as well, particularly if you don’t quite know what kind of solar equipment you need.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Ballston Spa
Factors that Affect Solar Panel Costs in Ballston Spa
For many Ballston Spa homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Ballston Spa, with typical prices between $20,000 to $40,000. There are a number of 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 system in Ballston Spa, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can determine by looking at past power bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you choose 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
If paying for solar panels in cash is out of reach, solar loans are a solid choice because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.It’s wise to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor.Companies that only sell high-quality, high-efficiency and high-price 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 choose a company that has the products, warranties and services you’re looking for and also fits within 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 | $3.80 | $15,943 | $4,802 | 19.2 years |
8 kW | $3.72 | $20,849 | $6,811 | 18.8 years |
10 kW | $3.65 | $25,550 | $9,025 | 18.5 years |
12 kW | $3.58 | $30,047 | $11,443 | 18.1 years |
14 kW | $3.50 | $34,339 | $14,066 | 17.7 years |
16 kW | $3.43 | $38,427 | $16,893 | 17.4 years |
18 kW | $3.36 | $42,311 | $19,924 | 17.0 years |
20 kW | $3.29 | $45,990 | $23,160 | 16.6 years |
How to Save on Solar Panels
The solar company you go with will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Warranty: If you’re concerned about the longevity of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, completion timeline incentives and warranties.
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 Ballston Spa, NY Solar Cost FAQs
How much does it cost to install solar panels in Ballston Spa?
This is a tough question to answer precisely, 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 additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Ballston Spa?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property 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 savings from going solar.
How will having solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ballston Spa is currently $369,931, which means you can expect a value of about $15,167 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Ballston Spa is a rewarding investment.
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 home 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.