Solar Panel Cost Guide in Ticonderoga, NY (2023 Update)
- Ticonderoga Solar Installation Cost: $9,585
- 25-Year Savings: $6,622
- Payback Period: 14.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ticonderoga
Find out how much it might cost to install solar panels in Ticonderoga.
The national average cost of solar panels is $2.66 per watt, but in Ticonderoga it's 2.95 per watt. The average Ticonderoga homeowner needs a 4.6-kilowatt system, which would cost about $9,582 with the federal tax credit, or $13,702 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of going solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what company you go with. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Ticonderoga can save about $13,000 on their electricity bills over 20 years.
To get a free estimate from a vetted solar company in Ticonderoga, you can click the button below.
Solar savings over time in Ticonderoga
| Year | Return on Investment |
|---|---|
| 1 years | $-9,531 |
| 3 years | $-9,423 |
| 5 years | $-9,314 |
| 7 years | $-9,206 |
| 9 years | $-9,098 |
| 11 years | $-8,990 |
| 13 years | $-8,882 |
| 15 years | $-8,774 |
| 17 years | $-8,666 |
| 19 years | $-8,558 |
| 21 years | $-8,450 |
| 23 years | $-8,342 |
| 25 years | $-8,234 |
Top Solar Installers in Ticonderoga
Many homeowners choose to use a solar panel installer since trying to put up solar panels by yourself can be time-consuming. Some solar installers, particularly local ones, can help you make the most of incentives in Ticonderoga, optimizing your ROI.
There are various licensed solar professionals that can install solar panels for you. 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 Ticonderoga
Factors that Affect Solar Panel Costs in Ticonderoga
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that determine your overall cost in Ticonderoga: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of solar panels in Ticonderoga, 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 usage, which you can gauge by looking at past power bills. Your total cost can increase by around $2,950 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are an affordable choice because they reduce your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Ticonderoga, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $8,065 | 15.4 years |
| 8 kW | $3.01 | $16,850 | $11,084 | 15.1 years |
| 10 kW | $2.95 | $20,650 | $14,268 | 14.8 years |
| 12 kW | $2.89 | $24,284 | $17,617 | 14.5 years |
| 14 kW | $2.83 | $27,754 | $21,131 | 14.2 years |
| 16 kW | $2.77 | $31,058 | $24,811 | 13.9 years |
| 18 kW | $2.71 | $34,196 | $28,656 | 13.6 years |
| 20 kW | $2.66 | $37,170 | $32,666 | 13.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, 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:
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
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 Ticonderoga, NY Solar Cost FAQs
How much does it cost to install solar panels in Ticonderoga?
The average cost of solar panels in Ticonderoga 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Ticonderoga?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $698.36 per year.
How long do solar panels last in Ticonderoga?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.