Solar Panel Cost Guide in Jericho, VT (2025 Update)
- Jericho Solar Installation Cost: $15,413
- 25-Year Savings: $23,191
- Payback Period: 11.1 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 Jericho
Find out what the average cost of solar panels are in Jericho.
The average cost of a solar panel system in Jericho is 4 per watt.To cover the typical energy usage of the average home in Jericho, most homeowners require a 5.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $15,413, or $22,041 before the federal solar tax credit of 0 is applied.
These figures are only averages, and your own solar costs may look different based on your specific situation and what company you go with.For most homeowners, the upfront investment in solar is worth paying. On average homeowners in Jericho see about $23,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Jericho
| Year | Return on Investment |
|---|---|
| 1 years | $-14,052 |
| 3 years | $-11,331 |
| 5 years | $-8,609 |
| 7 years | $-5,887 |
| 9 years | $-3,165 |
| 11 years | $-444 |
| 13 years | $2,278 |
| 15 years | $5,000 |
| 17 years | $7,722 |
| 19 years | $10,443 |
| 21 years | $13,165 |
| 23 years | $15,887 |
| 25 years | $18,609 |
Top Solar Installers in Jericho
Trying to put up solar panels on your own can be a challenging task, which is why hiring a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and bring down the cost of maintenance over the lifespan of your panels.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
See all of the solar companies in Jericho
Factors that Affect Solar Panel Costs in Jericho
The cost of installing a solar system in Jericho can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Jericho, one of the most crucial 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 figure out by looking at past power bills. Your total cost can increase by about $3,850 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher 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 you don’t have a lot of 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 companies in Jericho provide solar loans, which reduce the initial cost of installing solar.However, the interest on solar loans also increases your overall costs, so it’s important to keep that in mind as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Jericho is the company you hire to install your PV system. Similar to choosing a company to install new cabinets, for instance, there are plenty of solar installers that offer a range of services for different budgets.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.00 | $16,817 | $19,567 | 11.6 years |
| 8 kW | $3.93 | $21,991 | $26,520 | 11.3 years |
| 10 kW | $3.85 | $26,950 | $33,689 | 11.1 years |
| 12 kW | $3.77 | $31,693 | $41,074 | 10.9 years |
| 14 kW | $3.70 | $36,221 | $48,674 | 10.7 years |
| 16 kW | $3.62 | $40,533 | $56,490 | 10.4 years |
| 18 kW | $3.54 | $44,629 | $64,521 | 10.2 years |
| 20 kW | $3.47 | $48,510 | $72,768 | 10.0 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have proven 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 satisfied reviews from past customers.
- Contract: Before signing a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Installation Process: When going solar, it’s necessary to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the completion timeline.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering such a warranty is one sign of a good company.
EcoWatch's Jericho, VT Solar Cost FAQs
How much does it cost to install solar panels in Jericho?
The average cost of solar panels in Jericho is about $19,250 for a 5-kW system and $38,500 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 use.
Are solar panels free in Jericho?
You can’t get solar panels for free in Jericho. 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.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,212.78 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 cover 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.