Solar Panel Cost Guide in Tupper Lake, NY (2024 Update)
- Tupper Lake Solar Installation Cost: $12,331
- 25-Year Savings: $5,538
- Payback Period: 19.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Tupper Lake
Let’s have a look at the average cost of solar in Tupper Lake.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Tupper Lake, the average cost of a solar system is 4 per watt.To cover the typical energy usage of the average home in Tupper Lake, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs around $12,331, or $17,633 before the federal solar tax credit of 0 is applied.
How much you pay can be above or below the average in Tupper Lake depending on several factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find installing solar panels is a fruitful investment. The average homeowner in Tupper Lake can save around $12,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Tupper Lake that can help you get a more accurate cost estimate for your home.
Solar savings over time in Tupper Lake
| Year | Return on Investment |
|---|---|
| 1 years | $-11,505 |
| 3 years | $-9,853 |
| 5 years | $-8,201 |
| 7 years | $-6,549 |
| 9 years | $-4,897 |
| 11 years | $-3,245 |
| 13 years | $-1,594 |
| 15 years | $58 |
| 17 years | $1,710 |
| 19 years | $3,362 |
| 21 years | $5,014 |
| 23 years | $6,666 |
| 25 years | $8,317 |
Top Solar Installers in Tupper Lake
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make converting to solar power much easier. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
There are various licensed solar professionals that can help you install your solar panels. Here are our suggestions:
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 Tupper Lake
Factors that Affect Solar Panel Costs in Tupper Lake
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few major factors that will push your cost above or below the average in Tupper Lake: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy 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 largely based on your home’s energy usage, which you can gauge by looking at past power bills. Your overall cost can increase by around $3,650 for each additional kilowatt you need.The kind of solar panels and equipment you choose is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, solar equipment consists of more than 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
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are available from most installers in Tupper Lake, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable.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 can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Tupper Lake, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Companies that 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 find a company that has the products, warranties and services you want 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 | $3,331 | 20.7 years |
| 8 kW | $3.72 | $20,849 | $4,851 | 20.3 years |
| 10 kW | $3.65 | $25,550 | $6,574 | 19.9 years |
| 12 kW | $3.58 | $30,047 | $8,502 | 19.5 years |
| 14 kW | $3.50 | $34,339 | $10,635 | 19.1 years |
| 16 kW | $3.43 | $38,427 | $12,972 | 18.7 years |
| 18 kW | $3.36 | $42,311 | $15,513 | 18.3 years |
| 20 kW | $3.29 | $45,990 | $18,259 | 17.9 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- Solar Panel Brands: Different companies will have different brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: If you care about the durability of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
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 Tupper Lake, NY Solar Cost FAQs
How much does it cost to install solar panels in Tupper Lake?
The average cost of solar panels in Tupper Lake 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Tupper Lake?
You can’t get solar panels for free in Tupper Lake. 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 want to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact the value of my home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Tupper Lake is currently $244,950, which means you could be looking at a value of about $10,043 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Tupper Lake is a rewarding investment.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much 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.