Solar Panel Cost Guide in Fort Edward, NY (2023 Update)
- Fort Edward Solar Installation Cost: $9,499
- 25-Year Savings: $6,356
- Payback Period: 15.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Fort Edward
Let's take a look at the average cost of solar panels in Fort Edward.
In Fort Edward, solar panels cost about 2.95 per watt on average. The average Fort Edward homeowner needs a 4.6-kilowatt system, which would cost about $9,499 with the federal tax credit, or $13,584 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Fort Edward homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $13,000 on power bills over 20 years, many homeowners in Fort Edward find going solar has a decent ROI.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Fort Edward
| Year | Return on Investment |
|---|---|
| 1 years | $-8,865 |
| 3 years | $-7,596 |
| 5 years | $-6,328 |
| 7 years | $-5,060 |
| 9 years | $-3,791 |
| 11 years | $-2,523 |
| 13 years | $-1,254 |
| 15 years | $14 |
| 17 years | $1,283 |
| 19 years | $2,551 |
| 21 years | $3,819 |
| 23 years | $5,088 |
| 25 years | $6,356 |
Top Solar Installers in Fort Edward
Although it's possible to install solar panels on your own, it involves extra energy and expertise. That's why most people choose to go with a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you'd like to go solar but still aren't certain which solar company to go with, here are our recommendations for providers nearby:
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 Fort Edward
Factors that Affect Solar Panel Costs in Fort Edward
The cost of installing a solar system in Fort Edward can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Fort Edward, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can determine by looking at past power bills. Your overall cost can increase by around $2,950 for each additional kilowatt you need. The type 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. However, higher efficiency could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Fort Edward average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Fort Edward homeowners opt to finance their solar panel systems to offset upfront costs. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Fort Edward is the company you choose to install your solar system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services for different budgets. The size of the company can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $7,777 | 15.6 years |
| 8 kW | $3.01 | $16,850 | $10,700 | 15.3 years |
| 10 kW | $2.95 | $20,650 | $13,788 | 15.0 years |
| 12 kW | $2.89 | $24,284 | $17,042 | 14.7 years |
| 14 kW | $2.83 | $27,754 | $20,460 | 14.4 years |
| 16 kW | $2.77 | $31,058 | $24,044 | 14.1 years |
| 18 kW | $2.71 | $34,196 | $27,793 | 13.8 years |
| 20 kW | $2.66 | $37,170 | $31,707 | 13.5 years |
How to Save on Solar Panels
The company that does your solar 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 a tough decision, we have some tips to help you, such as:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely offer high-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers 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 hire.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates 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 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 Fort Edward, NY Solar Cost FAQs
How much does it cost to install solar panels in Fort Edward?
The average cost of solar panels in Fort Edward is about $14,750 for a 5-kW system and $29,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Fort Edward?
Solar panels aren't free in Fort Edward, 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 you can take advantage of.
Is it worth going solar in Fort Edward?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.