Solar Panel Cost Guide in Jerusalem, NY (2023 Update)
- Jerusalem Solar Installation Cost: $9,549
- 25-Year Savings: $5,251
- Payback Period: 16.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Jerusalem
Find out what the average cost of installing solar panels is in Jerusalem.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Jerusalem, the typical cost of a solar system is 2.95 per watt. The average solar panel system size in Jerusalem is around 4.6 kilowatts, meaning a cost of about $9,540 for a solar installation, or $13,642 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Jerusalem homeowners. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront investment in solar power is worth paying. On average Jerusalem homeowners see about $12,000 in savings on electricity bills over 20 years.
To get a free estimate from a highly rated solar installer in Jerusalem, you can click the button below.
Solar savings over time in Jerusalem
| Year | Return on Investment |
|---|---|
| 1 years | $-9,500 |
| 3 years | $-9,401 |
| 5 years | $-9,303 |
| 7 years | $-9,204 |
| 9 years | $-9,105 |
| 11 years | $-9,007 |
| 13 years | $-8,908 |
| 15 years | $-8,809 |
| 17 years | $-8,711 |
| 19 years | $-8,612 |
| 21 years | $-8,513 |
| 23 years | $-8,415 |
| 25 years | $-8,316 |
Top Solar Installers in Jerusalem
When going solar, many homeowners choose to hire a solar company since DIY solar panel installation can be a challenging project. Another perk of utilizing a solar company is that they can help you make the most of your investment by reducing your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar panels. 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
See all of the solar companies in Jerusalem
Factors that Affect Solar Panel Costs in Jerusalem
There are several factors that can determine your solar system 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 panel 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 nearly $2,950. The brand of solar panels and equipment you want is another factor that will greatly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Jerusalem provide solar loans, which reduce the initial cost of installing solar panels. However, the interest on solar loans also adds to your overall costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installation company you choose will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Jerusalem have more knowledge 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 | $3.07 | $12,886 | $6,317 | 16.8 years |
| 8 kW | $3.01 | $16,850 | $8,753 | 16.5 years |
| 10 kW | $2.95 | $20,650 | $11,354 | 16.1 years |
| 12 kW | $2.89 | $24,284 | $14,120 | 15.8 years |
| 14 kW | $2.83 | $27,754 | $17,052 | 15.5 years |
| 16 kW | $2.77 | $31,058 | $20,149 | 15.2 years |
| 18 kW | $2.71 | $34,196 | $23,411 | 14.8 years |
| 20 kW | $2.66 | $37,170 | $26,838 | 14.5 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 challenge, we have some tips to help you, such as:
- 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.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Jerusalem, NY Solar Cost FAQs
How much does it cost to install solar panels in Jerusalem?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $14,750 for a 5-kW system and $29,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want other 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.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase your home value considerably 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% with a solar installation."
How long do solar panels last in Jerusalem?
Although 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 how much energy they produce will have decreased significantly after that point. You can decide to 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.