Solar Panel Cost Guide in Endicott, NY (Mar 2023)
- Endicott Solar Installation Cost: $9,582
- 25-Year Savings: $5,218
- Payback Period: 16.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Endicott
Find out what the average cost of installing solar panels is in Endicott.
While the national average of solar panels is $2.66 per watt, solar panels in Endicott generally cost about 2.95. Using this figure, a typical 4.6-kW system would cost about $9,582 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. With typical savings of about $12,000 on energy bills over 20 years, many homeowners in Endicott find going solar has a decent ROI.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Endicott
| Year | Return on Investment |
|---|---|
| 1 years | $-8,990 |
| 3 years | $-7,806 |
| 5 years | $-6,622 |
| 7 years | $-5,438 |
| 9 years | $-4,254 |
| 11 years | $-3,070 |
| 13 years | $-1,886 |
| 15 years | $-702 |
| 17 years | $482 |
| 19 years | $1,666 |
| 21 years | $2,850 |
| 23 years | $4,034 |
| 25 years | $5,218 |
Top Solar Installers in Endicott
Although you can install solar panels by yourself, it takes extra energy and handiness. Because of that, most people choose to go with a solar panel installer. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be best for your home.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Endicott
Factors that Affect Solar Panel Costs in Endicott
There are many criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need to offset your energy usage, 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 $2,950. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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 over time on your power bills. Additionally, extra products, like solar batteries, can bring your total well above the Endicott average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular option because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your overall costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Endicott, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and find a company that offers the products, warranties and services you're looking for and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.07 | $12,886 | $6,249 | 16.8 years |
| 8 kW | $3.01 | $16,850 | $8,662 | 16.5 years |
| 10 kW | $2.95 | $20,650 | $11,241 | 16.2 years |
| 12 kW | $2.89 | $24,284 | $13,984 | 15.9 years |
| 14 kW | $2.83 | $27,754 | $16,893 | 15.5 years |
| 16 kW | $2.77 | $31,058 | $19,967 | 15.2 years |
| 18 kW | $2.71 | $34,196 | $23,207 | 14.9 years |
| 20 kW | $2.66 | $37,170 | $26,611 | 14.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Warranty: If you're worried about the endurance of your solar energy system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When reading over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you go with.
- Installation Process: Make sure you're aligned with the company regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating your electrical system or roof.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Endicott, NY Solar Cost FAQs
How much does it cost to install solar panels in Endicott?
The average cost of solar panels in Endicott is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Endicott?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 savings from going solar.
Do solar panels increase your property 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 Endicott is currently $126,400, so you can expect a value of about $5,182 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Endicott is a rewarding investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 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.