Solar Panel Cost Guide in Ticonderoga, NY (2024 Update)
- Ticonderoga Solar Installation Cost: $11,859
- 25-Year Savings: $6,622
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in Ticonderoga
Let’s take a look at the average cost of solar panels in Ticonderoga.
The national average cost of solar panels is $2.66 per watt, but in Ticonderoga it’s 4 per watt.The average Ticonderoga homeowner needs a 4.6-kilowatt system, which would cost about $11,859 with the federal tax credit, or $16,958 before the 0 tax credit is applied.
These figures are only averages, and your own solar costs may differ based on your specific situation and what company you go with.For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Ticonderoga see about $13,000 in savings on utility bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Ticonderoga
| Year | Return on Investment |
|---|---|
| 1 years | $-10,950 |
| 3 years | $-9,133 |
| 5 years | $-7,316 |
| 7 years | $-5,499 |
| 9 years | $-3,682 |
| 11 years | $-1,865 |
| 13 years | $-47 |
| 15 years | $1,770 |
| 17 years | $3,587 |
| 19 years | $5,404 |
| 21 years | $7,221 |
| 23 years | $9,038 |
| 25 years | $10,855 |
Top Solar Installers in Ticonderoga
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Using a solar panel installer can make swapping over to solar power much easier. Some solar installers, especially local ones, can help you better understand incentives in Ticonderoga, thereby optimizing your ROI.
If you're on the hunt for a solar company in Ticonderoga, the EcoWatch team has put together a list of our top suggestions here:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
See all of the solar companies in Ticonderoga
Factors that Affect Solar Panel Costs in Ticonderoga
Even though the average cost of a solar system in Ticonderoga is $11,859, your final cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are provided by most installers in Ticonderoga, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s important to include that in your estimate as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you pick will play a role in your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Ticonderoga know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $3.80 | $15,943 | $5,008 | 19.0 years |
| 8 kW | $3.72 | $20,849 | $7,085 | 18.7 years |
| 10 kW | $3.65 | $25,550 | $9,368 | 18.3 years |
| 12 kW | $3.58 | $30,047 | $11,855 | 17.9 years |
| 14 kW | $3.50 | $34,339 | $14,546 | 17.6 years |
| 16 kW | $3.43 | $38,427 | $17,441 | 17.2 years |
| 18 kW | $3.36 | $42,311 | $20,541 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $23,846 | 16.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- 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 the EcoWatch team.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
- Warranty: An all-inclusive, long-term warranty can help keep your solar system running for a long time and save you money on part replacement and repairs.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
EcoWatch's Ticonderoga, NY Solar Cost FAQs
What is the average cost of installing solar panels in Ticonderoga?
The average cost of solar panels in Ticonderoga 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 type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Ticonderoga?
A solar panel system isn’t free in Ticonderoga, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
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 Ticonderoga is currently $380,678, which means you can look forward to a value of about $15,608 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Ticonderoga 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 needs and the average daily 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 install 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.