Solar Panel Cost Guide in Glens Falls, NY (2024 Update)
- Glens Falls Solar Installation Cost: $11,598
- 25-Year Savings: $6,833
- Payback Period: 17.9 Years
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Average Cost of Solar Panels in Glens Falls
We break down average solar pricing in Glens Falls.
The national average cost of solar panels is $2.66 per watt, but in Glens Falls it’s 4 per watt.The average solar panel system size in Glens Falls is around 4.5 kilowatts, meaning a cost of about $11,598 for a solar installation, or $16,585 before the 0 federal solar tax credit is applied.
The true cost of your system can be higher or lower than the average in Glens Falls depending on a few factors, such as the model of solar panels you choose and the solar installer you hire.Many homeowners find installing a solar system is a solid investment. The average homeowner in Glens Falls can save about $14,000 on their power bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Glens Falls
| Year | Return on Investment |
|---|---|
| 1 years | $-10,689 |
| 3 years | $-8,872 |
| 5 years | $-7,055 |
| 7 years | $-5,238 |
| 9 years | $-3,421 |
| 11 years | $-1,604 |
| 13 years | $214 |
| 15 years | $2,031 |
| 17 years | $3,848 |
| 19 years | $5,665 |
| 21 years | $7,482 |
| 23 years | $9,299 |
| 25 years | $11,116 |
Top Solar Installers in Glens Falls
Many homeowners decide to use a solar installation company since trying to install solar panels on your own can be a labor-intensive endeavor. A solar installer can also help save you money in the long run by providing warranties, repairs and part replacements.
Working with a licensed solar company can help your solar project go smoothly. 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 Glens Falls
Factors that Affect Solar Panel Costs in Glens Falls
For many Glens Falls homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Glens Falls, with typical prices between $20,000 to $40,000. There are a few 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 some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require 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.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Glens Falls to be prohibitively costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also adds to your overall costs, so it’s crucial to keep that in mind as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you select will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.You may see 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 specials to compete with those major players.
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 | $5,479 | 18.6 years |
| 8 kW | $3.72 | $20,849 | $7,714 | 18.2 years |
| 10 kW | $3.65 | $25,550 | $10,154 | 17.9 years |
| 12 kW | $3.58 | $30,047 | $12,798 | 17.5 years |
| 14 kW | $3.50 | $34,339 | $15,646 | 17.2 years |
| 16 kW | $3.43 | $38,427 | $18,699 | 16.8 years |
| 18 kW | $3.36 | $42,311 | $21,956 | 16.5 years |
| 20 kW | $3.29 | $45,990 | $25,417 | 16.1 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
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 Glens Falls, NY Solar Cost FAQs
How much does it cost to install solar panels in Glens Falls?
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 other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Glens Falls?
A solar panel system isn’t free in Glens Falls, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
How will installing solar panels impact my home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Glens Falls is currently $232,090, so you can expect a value of about $9,516 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Glens Falls is a worthwhile investment.
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 average daily 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 install 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.