Solar Panel Cost Guide in Coeymans, NY (2024 Update)
- Coeymans Solar Installation Cost: $11,379
- 25-Year Savings: $10,390
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Coeymans
Find out what the average cost of installing solar panels is in Coeymans.
The national average cost of solar panels is $2.66 per watt, but in Coeymans it’s 4 per watt.The average Coeymans homeowner needs a 4.5-kilowatt system, which would cost about $11,379 with the federal tax credit, or $16,272 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you may differ based on factors unique to your home and what company you want to go with.With typical savings of about $17,000 on electricity bills over 20 years, many homeowners in Coeymans find going solar has a decent ROI.
To get a free quote from a top solar company in Coeymans, you can click the button below.
Solar savings over time in Coeymans
| Year | Return on Investment |
|---|---|
| 1 years | $-10,155 |
| 3 years | $-7,708 |
| 5 years | $-5,260 |
| 7 years | $-2,812 |
| 9 years | $-365 |
| 11 years | $2,083 |
| 13 years | $4,530 |
| 15 years | $6,978 |
| 17 years | $9,425 |
| 19 years | $11,873 |
| 21 years | $14,321 |
| 23 years | $16,768 |
| 25 years | $19,216 |
Top Solar Installers in Coeymans
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring a solar panel installer can make converting to solar power much easier. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance over time.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Coeymans
Factors that Affect Solar Panel Costs in Coeymans
There are many criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the cost of a solar system in Coeymans, 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 consumption, which you can figure out by looking at past power bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.The brand of solar panels and equipment you want is another factor that will considerably impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to decide on 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 for a solar system that’s in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That’s why many Coeymans homeowners decide to finance their solar panel systems to make going solar more affordable.It’s a good idea to add 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 off the loan.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Coeymans is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there’s no shortage of solar installers that offer a range of services at different price points.You may see national solar installers that have lower prices due to their larger 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 | $3.80 | $15,943 | $10,444 | 15.1 years |
| 8 kW | $3.72 | $20,849 | $14,334 | 14.8 years |
| 10 kW | $3.65 | $25,550 | $18,428 | 14.5 years |
| 12 kW | $3.58 | $30,047 | $22,727 | 14.2 years |
| 14 kW | $3.50 | $34,339 | $27,231 | 13.9 years |
| 16 kW | $3.43 | $38,427 | $31,938 | 13.7 years |
| 18 kW | $3.36 | $42,311 | $36,850 | 13.4 years |
| 20 kW | $3.29 | $45,990 | $41,967 | 13.1 years |
How to Save on Solar Panels
The solar company you go with will affect not only your total costs, but also the types 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 keep in mind, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
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 Coeymans, NY Solar Cost FAQs
How much does it cost to install solar panels in Coeymans?
The average cost of solar panels in Coeymans is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Coeymans?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The downside is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Coeymans?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.