Solar Panel Cost Guide in Ulysses, NY (2023 Update)
- Ulysses Solar Installation Cost: $9,623
- 25-Year Savings: $5,177
- Payback Period: 16.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ulysses
We go over average solar pricing in Ulysses.
While the national average of solar panels is $2.66 per watt, solar panels in Ulysses typically cost about 2.95. The average solar panel system size in Ulysses is around 4.7 kilowatts, meaning a cost of about $9,623 for a solar installation, or $13,761 before the 30% federal solar tax credit is applied.
The actual price you pay can be above or below the average in Ulysses depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire. Even with the large initial cost, the average Ulysses homeowner can save around $12,000 on their energy bills over 20 years, which is one of the advantages of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Ulysses
| Year | Return on Investment |
|---|---|
| 1 years | $-9,031 |
| 3 years | $-7,847 |
| 5 years | $-6,663 |
| 7 years | $-5,479 |
| 9 years | $-4,295 |
| 11 years | $-3,111 |
| 13 years | $-1,927 |
| 15 years | $-743 |
| 17 years | $441 |
| 19 years | $1,625 |
| 21 years | $2,809 |
| 23 years | $3,993 |
| 25 years | $5,177 |
Top Solar Installers in Ulysses
Installing solar panels by yourself can be a difficult task, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:
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 Ulysses
Factors that Affect Solar Panel Costs in Ulysses
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Ulysses: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,950. The brand and type of equipment you get 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 will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Ulysses to be too steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time because of interest. Though solar loans make going solar more accessible for Ulysses homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Ulysses, and each can charge different amounts for labor and equipment. Some companies 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 come at a higher cost. It's best to do some research and choose a company that has the products, warranties and services you want and also is 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 | $6,171 | 16.9 years |
| 8 kW | $3.01 | $16,850 | $8,559 | 16.6 years |
| 10 kW | $2.95 | $20,650 | $11,112 | 16.3 years |
| 12 kW | $2.89 | $24,284 | $13,829 | 15.9 years |
| 14 kW | $2.83 | $27,754 | $16,713 | 15.6 years |
| 16 kW | $2.77 | $31,058 | $19,761 | 15.3 years |
| 18 kW | $2.71 | $34,196 | $22,974 | 15.0 years |
| 20 kW | $2.66 | $37,170 | $26,353 | 14.6 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When making the switch to solar energy, it's crucial to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project timeline.
- Contract: Review the contract terms thoroughly to make sure you understand the overall cost, completion timeline rebates and warranties.
- 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 considerable role in the company you go with.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Ulysses, NY Solar Cost FAQs
How much does it cost to install solar panels in Ulysses?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Ulysses?
You can't get solar panels for free in Ulysses. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ulysses is currently $244,391, which means you could be looking at a value of about $10,020 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Ulysses is a rewarding investment.
How long do solar panels last in Ulysses?
Though 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 the amount of energy they produce will have decreased significantly after that point. You can opt to 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.