Solar Panel Cost Guide in Schodack, NY (2024 Update)
- Schodack Solar Installation Cost: $11,657
- 25-Year Savings: $7,089
- Payback Period: 17.7 Years
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Average Cost of Solar Panels in Schodack
Here’s how much it might cost to switch to solar power in Schodack.
In Schodack, solar panels cost about 4 per watt on average.To account for the typical energy needs of the average home in Schodack, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,657, or $16,670 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Schodack homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $14,000 on energy bills over 20 years, many homeowners in Schodack find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar company in Schodack for a customized quote.
Solar savings over time in Schodack
| Year | Return on Investment |
|---|---|
| 1 years | $-10,694 |
| 3 years | $-8,769 |
| 5 years | $-6,843 |
| 7 years | $-4,918 |
| 9 years | $-2,993 |
| 11 years | $-1,067 |
| 13 years | $858 |
| 15 years | $2,783 |
| 17 years | $4,709 |
| 19 years | $6,634 |
| 21 years | $8,559 |
| 23 years | $10,485 |
| 25 years | $12,410 |
Top Solar Installers in Schodack
When making the switch to solar, many homeowners opt to use a solar installation company since handling can be a difficult project. Because solar panels are exposed to the elements every day, 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’d like to make the switch to solar but still aren’t certain which solar system company to go with, here are our recommendations for providers near you:
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 Schodack
Factors that Affect Solar Panel Costs in Schodack
Though the average cost of a solar system in Schodack is $11,657, your actual cost may differ. There are quite a few factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $3,650 per kilowatt in Schodack.The solar equipment you choose can bring your price up or down 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. However, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Schodack average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Schodack homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also adds to your all-in costs, so it’s crucial to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of renewable energy solutions in Schodack, you’ll have lots of options to choose from, but each comes at varying price points for labor and equipment.Additionally, some companies in Schodack know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $5,770 | 18.4 years |
| 8 kW | $3.72 | $20,849 | $8,102 | 18.0 years |
| 10 kW | $3.65 | $25,550 | $10,639 | 17.7 years |
| 12 kW | $3.58 | $30,047 | $13,380 | 17.3 years |
| 14 kW | $3.50 | $34,339 | $16,325 | 16.9 years |
| 16 kW | $3.43 | $38,427 | $19,475 | 16.6 years |
| 18 kW | $3.36 | $42,311 | $22,829 | 16.2 years |
| 20 kW | $3.29 | $45,990 | $26,388 | 15.9 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: Make sure you’re aligned with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Not all solar companies 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 choose.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like the EcoWatch team.
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 Schodack, NY Solar Cost FAQs
What is the average cost of installing solar panels in Schodack?
This is a difficult question to answer exactly, because the cost depends on a few different 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Schodack?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Schodack?
Each state has some kind 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 utility bills.
How often do you have to replace solar panels?
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 how much energy they produce will have decreased significantly after that point. You can replace them once you've had 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.