Solar Panel Cost Guide in Duanesburg, NY (2024 Update)
- Duanesburg Solar Installation Cost: $11,361
- 25-Year Savings: $7,025
- Payback Period: 17.5 Years
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Average Cost of Solar Panels in Duanesburg
Find out what the average cost of solar panels are in Duanesburg.
The national average cost of solar panels is $2.66 per watt, but in Duanesburg it’s 4 per watt.The average solar panel system size in Duanesburg is around 4.4 kilowatts, meaning a cost of about $11,361 for a solar installation, or $16,246 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Duanesburg homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.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.
To receive a free quote from a vetted solar installation company in Duanesburg, you can click the button below.
Solar savings over time in Duanesburg
| Year | Return on Investment |
|---|---|
| 1 years | $-10,452 |
| 3 years | $-8,635 |
| 5 years | $-6,818 |
| 7 years | $-5,001 |
| 9 years | $-3,184 |
| 11 years | $-1,367 |
| 13 years | $451 |
| 15 years | $2,268 |
| 17 years | $4,085 |
| 19 years | $5,902 |
| 21 years | $7,719 |
| 23 years | $9,536 |
| 25 years | $11,353 |
Top Solar Installers in Duanesburg
Trying to put up solar panels on your own can be a difficult project, which is why hiring a solar installation company is a good option for many homeowners. The payback period on a solar system will vary depending on factors like your roof configuration and energy usage, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
If you're searching for a solar company in Duanesburg, we've organized 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 Duanesburg
Factors that Affect Solar Panel Costs in Duanesburg
For many Duanesburg homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Duanesburg, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Duanesburg, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Duanesburg to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest.When considering your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Duanesburg, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $5,926 | 18.2 years |
| 8 kW | $3.72 | $20,849 | $8,310 | 17.9 years |
| 10 kW | $3.65 | $25,550 | $10,898 | 17.5 years |
| 12 kW | $3.58 | $30,047 | $13,691 | 17.2 years |
| 14 kW | $3.50 | $34,339 | $16,689 | 16.8 years |
| 16 kW | $3.43 | $38,427 | $19,890 | 16.5 years |
| 18 kW | $3.36 | $42,311 | $23,296 | 16.1 years |
| 20 kW | $3.29 | $45,990 | $26,907 | 15.8 years |
How to Save on Solar Panels
There are many companies available in Duanesburg, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which company you should choose, since different companies offer different panels.
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
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 Duanesburg, NY Solar Cost FAQs
How much does it cost to install solar panels in Duanesburg?
This is a hard 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. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Duanesburg?
A solar panel system isn’t free in Duanesburg, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Is it worth going solar in Duanesburg?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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.