Solar Panel Cost Guide in Jericho, VT (2023 Update)
- Jericho Solar Installation Cost: $11,490
- 25-Year Savings: $23,191
- Payback Period: 8.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Jericho
Find out what the average cost of a solar system is in Jericho.
The average cost of a solar panel system in Jericho is 2.87 per watt. Since a 5.7-kW system is needed to cover the energy consumption of a typical home in Jericho, the average price of going solar will be about $11,491 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what company you go with. Even with the significant initial cost, the average Jericho homeowner can save around $23,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar installer in Jericho that can help you get a more accurate cost estimate for your home.
Solar savings over time in Jericho
| Year | Return on Investment |
|---|---|
| 1 years | $-10,129 |
| 3 years | $-7,407 |
| 5 years | $-4,685 |
| 7 years | $-1,964 |
| 9 years | $758 |
| 11 years | $3,480 |
| 13 years | $6,202 |
| 15 years | $8,923 |
| 17 years | $11,645 |
| 19 years | $14,367 |
| 21 years | $17,089 |
| 23 years | $19,810 |
| 25 years | $22,532 |
Top Solar Installers in Jericho
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Going with a solar panel installer can make converting to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and component replacements.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Jericho
Factors that Affect Solar Panel Costs in Jericho
There are several criteria that can influence your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $2,870 per kilowatt in Jericho. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Jericho, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Jericho offer solar loans, which reduce the initial cost of installing solar. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can influence how much it costs. Jericho's solar companies all have different labor costs and add varying upcharges to equipment. Companies that 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 has the products, warranties and services you want 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 | $2.98 | $12,536 | $23,847 | 8.6 years |
| 8 kW | $2.93 | $16,393 | $32,118 | 8.4 years |
| 10 kW | $2.87 | $20,090 | $40,549 | 8.3 years |
| 12 kW | $2.81 | $23,626 | $49,141 | 8.1 years |
| 14 kW | $2.76 | $27,001 | $57,894 | 8.0 years |
| 16 kW | $2.70 | $30,215 | $66,807 | 7.8 years |
| 18 kW | $2.64 | $33,269 | $75,881 | 7.6 years |
| 20 kW | $2.58 | $36,162 | $85,116 | 7.5 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 decide on the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Jericho, VT Solar Cost FAQs
What is the average cost of installing solar panels in Jericho?
The average cost of solar panels in Jericho is about $14,350 for a 5-kW system and $28,700 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 use.
Is it better to lease or buy solar panels in Jericho?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Jericho?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future utility bills.
How long do solar panels last in Jericho?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production 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.