Solar Panel Cost Guide in Schaghticoke, NY (2024 Update)
- Schaghticoke Solar Installation Cost: $11,657
- 25-Year Savings: $6,364
- Payback Period: 18.5 Years
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Average Cost of Solar Panels in Schaghticoke
Find out what the average cost of solar panels are in Schaghticoke.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Schaghticoke, the average cost of a solar system is 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,657 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in Schaghticoke based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire.But, after you've paid the initial cost of installation, the ROI for most homeowners is usually fruitful, with a net average savings of about $13,000 over 20 years on utility bills.
To get a free quote from a vetted solar installer in Schaghticoke, you can click the button below.
Solar savings over time in Schaghticoke
| Year | Return on Investment |
|---|---|
| 1 years | $-10,783 |
| 3 years | $-9,037 |
| 5 years | $-7,291 |
| 7 years | $-5,545 |
| 9 years | $-3,798 |
| 11 years | $-2,052 |
| 13 years | $-306 |
| 15 years | $1,441 |
| 17 years | $3,187 |
| 19 years | $4,933 |
| 21 years | $6,680 |
| 23 years | $8,426 |
| 25 years | $10,172 |
Top Solar Installers in Schaghticoke
When going solar, many homeowners choose to go with a solar company since DIY solar panel installation can be a difficult project. Solar installers offer key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Schaghticoke
Factors that Affect Solar Panel Costs in Schaghticoke
There are many factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $3,650. There are several different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Schaghticoke, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $4,816 | 19.2 years |
| 8 kW | $3.72 | $20,849 | $6,830 | 18.8 years |
| 10 kW | $3.65 | $25,550 | $9,048 | 18.5 years |
| 12 kW | $3.58 | $30,047 | $11,471 | 18.1 years |
| 14 kW | $3.50 | $34,339 | $14,099 | 17.7 years |
| 16 kW | $3.43 | $38,427 | $16,930 | 17.4 years |
| 18 kW | $3.36 | $42,311 | $19,966 | 17.0 years |
| 20 kW | $3.29 | $45,990 | $23,207 | 16.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which installer you should opt for, since different companies provide different panels.
- Warranty: If you’re concerned about the endurance of your solar panel system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms closely to make sure you understand the total cost, project timeline incentives and warranties.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Schaghticoke, NY Solar Cost FAQs
What is the average cost of installing solar panels in Schaghticoke?
The average cost of solar panels in Schaghticoke 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 certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property 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 Schaghticoke is currently $313,944, which means you can look forward to a value of about $12,872 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Schaghticoke is a fruitful investment.
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 the amount of 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 continue to use 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.