Solar Panel Cost Guide in Fort Edward, NY (2024 Update)
- Fort Edward Solar Installation Cost: $11,763
- 25-Year Savings: $6,348
- Payback Period: 18.5 Years
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Average Cost of Solar Panels in Fort Edward
Find out what the average cost of installing solar panels is in Fort Edward.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fort Edward, the average cost of solar panels is 4 per watt.To cover the typical energy usage of the average home in Fort Edward, most homeowners require a 4.6-kilowatt system. Using the per-watt figure above, a solar installation costs around $11,763, or $16,821 before the federal solar tax credit of 0 is applied.
The true cost of your system can be above or below the average in Fort Edward based on several factors, such as the model of solar panels you choose and the solar installer you hire.With typical savings of about $13,000 on utility bills over 20 years, many homeowners in Fort Edward find going solar has a decent ROI.
You can click the button below to get connected with a top solar company in Fort Edward that can help you get a more accurate cost estimate for your home.
Solar savings over time in Fort Edward
| Year | Return on Investment |
|---|---|
| 1 years | $-10,896 |
| 3 years | $-9,161 |
| 5 years | $-7,427 |
| 7 years | $-5,692 |
| 9 years | $-3,958 |
| 11 years | $-2,223 |
| 13 years | $-489 |
| 15 years | $1,246 |
| 17 years | $2,980 |
| 19 years | $4,715 |
| 21 years | $6,449 |
| 23 years | $8,184 |
| 25 years | $9,918 |
Top Solar Installers in Fort Edward
Many homeowners choose to use a solar panel company since installing solar panels yourself can be time-consuming. Plus, if you aren’t sure what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Fort Edward
Factors that Affect Solar Panel Costs in Fort Edward
Though the average cost of a solar system in Fort Edward is $11,763, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,650.There are many different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Fort Edward to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to higher prices over time because of 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 panel system can influence your pricing. Fort Edward’s solar companies all have different labor costs and add varying upcharges to 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 cost more. It’s best to do some research and decide on the company that offers the products, warranties and services you’re looking for and also fit into 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 | $3.80 | $15,943 | $4,720 | 19.3 years |
| 8 kW | $3.72 | $20,849 | $6,702 | 18.9 years |
| 10 kW | $3.65 | $25,550 | $8,888 | 18.5 years |
| 12 kW | $3.58 | $30,047 | $11,279 | 18.2 years |
| 14 kW | $3.50 | $34,339 | $13,875 | 17.8 years |
| 16 kW | $3.43 | $38,427 | $16,674 | 17.4 years |
| 18 kW | $3.36 | $42,311 | $19,678 | 17.1 years |
| 20 kW | $3.29 | $45,990 | $22,887 | 16.7 years |
How to Save on Solar Panels
The solar installer you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Before signing a contract with a solar company, make sure to look it over fully so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Different companies will have various brands and models of panels. If you prefer a specific brand, make sure the solar installer you’re considering has it.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide quality solar panel installation and expertise.
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar installer. Make sure you understand how the installation process will go and the completion timeline.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Fort Edward, NY Solar Cost FAQs
What is the average cost of installing solar panels in Fort Edward?
The average cost of solar panels in Fort Edward is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Fort Edward?
You can’t get solar panels for free in Fort Edward. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
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 should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them after having 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.