Solar Panel Cost Guide in Marlborough, NY (2024 Update)
- Marlborough Solar Installation Cost: $11,137
- 25-Year Savings: $12,999
- Payback Period: 12.7 Years
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Updated February 03, 2024
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Average Cost of Solar Panels in Marlborough
Find out what the average cost of installing solar panels is in Marlborough.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Marlborough, the average cost of a solar system is 4 per watt.Using this figure, a typical 4.4-kW system would cost about $11,137 before the 0 federal solar tax credit is applied.
The true price you pay can go higher or lower than the average in Marlborough depending on a few factors, such as the kind of solar panels you choose and the solar installer you hire.But, after you've paid the initial cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $19,000 over 20 years on power bills.
To get a free quote from a top solar company in Marlborough, you can click the button below.
Solar savings over time in Marlborough
Year | Return on Investment |
---|---|
1 years | $-9,874 |
3 years | $-7,348 |
5 years | $-4,821 |
7 years | $-2,295 |
9 years | $231 |
11 years | $2,758 |
13 years | $5,284 |
15 years | $7,810 |
17 years | $10,337 |
19 years | $12,863 |
21 years | $15,390 |
23 years | $17,916 |
25 years | $20,442 |
Top Solar Installers in Marlborough
Many homeowners opt for a solar installation company since figuring out how to install solar panels by yourself can be time-consuming. Another upside of going with a solar installer is that they can help you make the most of your ROI by cutting back on future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our suggestions for providers nearby:
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 Marlborough
Factors that Affect Solar Panel Costs in Marlborough
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Marlborough: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $3,650. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Marlborough average.
Solar Financing Terms
Many homeowners find the average cost of solar in Marlborough to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest.It’s a good idea to include 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 the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact your pricing. Marlborough’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, 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 | $14,339 | 13.2 years |
8 kW | $3.72 | $20,849 | $19,527 | 12.9 years |
10 kW | $3.65 | $25,550 | $24,920 | 12.7 years |
12 kW | $3.58 | $30,047 | $30,517 | 12.4 years |
14 kW | $3.50 | $34,339 | $36,319 | 12.1 years |
16 kW | $3.43 | $38,427 | $42,325 | 11.9 years |
18 kW | $3.36 | $42,311 | $48,535 | 11.6 years |
20 kW | $3.29 | $45,990 | $54,950 | 11.4 years |
How to Save on Solar Panels
There are numerous companies to choose from in Marlborough, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you want to get plays a role in which installer you should choose, since different companies provide different panels.
- Contract: It’s important to look over 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 cost.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely offer good-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Marlborough, NY Solar Cost FAQs
What is the average cost of installing solar panels in Marlborough?
The average cost of solar panels in Marlborough 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Marlborough?
A solar panel system isn’t free in Marlborough, 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 help lower the cost.
Do solar panels increase your home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Marlborough is currently $393,796, which means you can look forward to a value of about $16,146 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Marlborough is a rewarding investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.