Solar Panel Cost Guide in Tupper Lake, NY (2023 Update)
- Tupper Lake Solar Installation Cost: $9,974
- 25-Year Savings: $5,530
- Payback Period: 16.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Tupper Lake
See how much it might cost to install solar panels in Tupper Lake.
The national average cost of solar panels is $2.66 per watt, but in Tupper Lake it's 2.95 per watt. The average Tupper Lake homeowner needs a 4.8-kilowatt system, which would cost about $9,974 with the federal tax credit, or $14,263 before the 30% tax credit is applied.
The actual price you pay can go higher or lower than the average in Tupper Lake based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. For many homeowners, the upfront investment in solar panels is worth paying. On average you could be looking at about $12,000 in savings on utility bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Tupper Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-9,354 |
| 3 years | $-8,114 |
| 5 years | $-6,873 |
| 7 years | $-5,633 |
| 9 years | $-4,393 |
| 11 years | $-3,152 |
| 13 years | $-1,912 |
| 15 years | $-672 |
| 17 years | $568 |
| 19 years | $1,809 |
| 21 years | $3,049 |
| 23 years | $4,289 |
| 25 years | $5,530 |
Top Solar Installers in Tupper Lake
When switching to solar energy, many homeowners prefer to use a solar installation company since putting up solar panels yourself can be a difficult project. In addition, if you'd like to maximize your investment in solar energy, opting for a solar installer can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
If you'd like to start using solar energy but still aren't certain which solar system installer to go with, here are our suggestions for providers in Tupper Lake:
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 Tupper Lake
Factors that Affect Solar Panel Costs in Tupper Lake
For many Tupper Lake homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Tupper Lake, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Tupper Lake, 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 electricity bills. Your total cost can increase by about $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 opt for 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 over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Tupper Lake average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Tupper Lake, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. Though solar loans make going solar more accessible for Tupper Lake homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Tupper Lake, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — 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 choose a company that offers the products, warranties and services you're looking for and also fits within 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 | $3.07 | $12,886 | $6,389 | 16.7 years |
| 8 kW | $3.01 | $16,850 | $8,849 | 16.4 years |
| 10 kW | $2.95 | $20,650 | $11,474 | 16.1 years |
| 12 kW | $2.89 | $24,284 | $14,265 | 15.7 years |
| 14 kW | $2.83 | $27,754 | $17,220 | 15.4 years |
| 16 kW | $2.77 | $31,058 | $20,341 | 15.1 years |
| 18 kW | $2.71 | $34,196 | $23,627 | 14.8 years |
| 20 kW | $2.66 | $37,170 | $27,079 | 14.5 years |
How to Save on Solar Panels
There are numerous companies to choose from in Tupper Lake, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
- Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
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 Tupper Lake, NY Solar Cost FAQs
What is the average cost of installing solar panels in Tupper Lake?
The average cost of solar panels in Tupper Lake 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 things such as the model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Tupper Lake?
A solar panel system isn't free in Tupper Lake, 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 help lower the cost.
How much can I save on energy bills after switching to solar?
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 $642.49 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 buy 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.