Solar Panel Cost Guide in Gloversville, NY (2024 Update)
- Gloversville Solar Installation Cost: $11,407
- 25-Year Savings: $6,988
- Payback Period: 17.6 Years
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Average Cost of Solar Panels in Gloversville
Find out what the average cost of a solar system is in Gloversville.
The national average cost of solar panels is $2.66 per watt, but in Gloversville it’s 4 per watt.Using this figure, a typical 4.5-kW system would cost about $11,407 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Gloversville based on several factors, such as the type of solar panels you choose and the solar installer you hire.But, after you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $14,000 over 20 years on energy bills.
To get a free quote from a vetted solar installation company in Gloversville, you can click the button below.
Solar savings over time in Gloversville
| 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 Gloversville
Although you can install solar panels yourself, it takes extra effort and knowledge. That's one of the reasons most people choose to go with a solar panel installer. Since solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
If you're on the hunt for a solar company in Gloversville, 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 Gloversville
Factors that Affect Solar Panel Costs in Gloversville
The cost of installing a solar system in Gloversville can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of solar panels in Gloversville, one of the most crucial 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 determine by looking at past electricity bills. Your overall cost can increase by about $3,650 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Gloversville provide solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your all-in costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies in Gloversville, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger 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 | $5,838 | 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
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, project completion timeline rebates and warranties.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and how long the project will take.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. A couple of 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 good reviews from previous customers.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
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 Gloversville, NY Solar Cost FAQs
What is the average cost of installing solar panels in Gloversville?
This is a hard question to answer exactly, because the cost depends on many factors. Generally 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 higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Gloversville?
Solar panels aren’t free in Gloversville, 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 help lower the cost.
Does Gloversville have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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 buy 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.