Solar Panel Cost Guide in North Syracuse, NY (2024 Update)
- North Syracuse Solar Installation Cost: $11,835
- 25-Year Savings: $6,642
- Payback Period: 18.3 Years
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Average Cost of Solar Panels in North Syracuse
We go over average solar pricing in North Syracuse.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North Syracuse, the typical cost of solar panels is 4 per watt.Using this figure, a typical 4.6-kW system would cost about $11,835 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in North Syracuse depending on several factors, such as the model of solar panels you choose and the solar company you hire.For many homeowners, the upfront cost of solar is worth paying. On average North Syracuse homeowners see about $13,000 in savings on electricity bills over 20 years.
To calculate your potential savings and connect with a local solar company, click the button below.
Solar savings over time in North Syracuse
| Year | Return on Investment |
|---|---|
| 1 years | $-10,926 |
| 3 years | $-9,109 |
| 5 years | $-7,292 |
| 7 years | $-5,475 |
| 9 years | $-3,658 |
| 11 years | $-1,840 |
| 13 years | $-23 |
| 15 years | $1,794 |
| 17 years | $3,611 |
| 19 years | $5,428 |
| 21 years | $7,245 |
| 23 years | $9,063 |
| 25 years | $10,880 |
Top Solar Installers in North Syracuse
Many homeowners choose to hire a solar installer since trying to put up solar panels by yourself can be challenging. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar installer in North Syracuse, the EcoWatch team has organized a list of our top suggestions here:
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 North Syracuse
Factors that Affect Solar Panel Costs in North Syracuse
For many North Syracuse homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in North Syracuse, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar panel system in North Syracuse, one of the most crucial 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 consumption, which you can determine by looking at past energy bills. Your total cost can increase by about $3,650 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider 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 offered by most installers in North Syracuse, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable.Even though solar loans make going solar more accessible for North Syracuse homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in North Syracuse is the company you hire to install your solar 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.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $5,050 | 19.0 years |
| 8 kW | $3.72 | $20,849 | $7,143 | 18.6 years |
| 10 kW | $3.65 | $25,550 | $9,439 | 18.3 years |
| 12 kW | $3.58 | $30,047 | $11,940 | 17.9 years |
| 14 kW | $3.50 | $34,339 | $14,646 | 17.5 years |
| 16 kW | $3.43 | $38,427 | $17,555 | 17.2 years |
| 18 kW | $3.36 | $42,311 | $20,670 | 16.8 years |
| 20 kW | $3.29 | $45,990 | $23,988 | 16.4 years |
How to Save on Solar Panels
There are many companies to choose from in North Syracuse, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: If you’re worried about the durability of your solar system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
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 North Syracuse, NY Solar Cost FAQs
What is the average cost of installing solar panels in North Syracuse?
The average cost of solar panels in North Syracuse is about $18,250 for a 5-kW system and $36,500 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in North Syracuse?
A solar panel system isn’t free in North Syracuse, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in North Syracuse?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can 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.
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.