Solar Panel Cost Guide in Broadalbin, NY (2024 Update)

  • Broadalbin Solar Installation Cost: $11,407
  • 25-Year Savings: $6,988
  • Payback Period: 17.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Broadalbin

Find out what the average cost of solar panels are in Broadalbin.

Although the national average of solar panels is $2.66 per watt, solar panels in Broadalbin generally cost about 4.The average solar panel system size in Broadalbin is around 4.5 kilowatts, meaning a cost of about $11,407 for a solar installation, or $16,312 before the 0 federal solar tax credit is applied.

How much you pay can go above or below the average in Broadalbin based on a few factors, such as the brand of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically good, with a net average savings of about $14,000 over 20 years on electricity bills.

For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Broadalbin

Year Return on Investment
1 years $-10,498
3 years $-8,681
5 years $-6,864
7 years $-5,047
9 years $-3,230
11 years $-1,412
13 years $405
15 years $2,222
17 years $4,039
19 years $5,856
21 years $7,673
23 years $9,490
25 years $11,308

Top Solar Installers in Broadalbin

Although you can install solar panels yourself, it takes extra energy and knowledge. That's one of the reasons the majority of homeowners choose to go with a solar panel installer. The expertise that solar companies offer can be useful as well, particularly if you don’t quite know what type of solar equipment you need.

There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Broadalbin

Factors that Affect Solar Panel Costs in Broadalbin

Though the average cost of a solar system in Broadalbin is $11,407, your actual cost may be above or below the average. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.

Solar Equipment

The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,650. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 power bills. In addition, add-on products, like solar batteries, can bump up your total well above the Broadalbin average.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Broadalbin, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.Though solar loans make switching to solar energy more accessible for Broadalbin homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Finally, the company you get to install your solar system can impact your pricing. Broadalbin’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.

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 $5,838 18.3 years
8 kW $3.72 $20,849 $8,193 17.9 years
10 kW $3.65 $25,550 $10,752 17.6 years
12 kW $3.58 $30,047 $13,515 17.2 years
14 kW $3.50 $34,339 $16,483 16.9 years
16 kW $3.43 $38,427 $19,656 16.5 years
18 kW $3.36 $42,311 $23,032 16.2 years
20 kW $3.29 $45,990 $26,613 15.8 years

How to Save on Solar Panels

Since the type of solar panels and the company you choose considerably influences your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Reputation: Your solar installer should have a good 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 previous customers.
  • Solar Panel Brands: The model of solar panel you’d like plays a role in which installer you should go with, since different companies have different panels.
  • 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.
  • Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Broadalbin, NY Solar Cost FAQs

What is the average cost of installing solar panels in Broadalbin?

The average cost of solar panels in Broadalbin is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider other than cost when buying solar panels?

The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.

Can solar panels significantly reduce my energy bills?

It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Broadalbin, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.

How long do solar panels last in Broadalbin?

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 larger amount 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.

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