Solar to the People – Helping you get the best price on solar
How Much do Solar Panels Cost in the Ithaca Area?
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Cost of Solar Panels in the Ithaca Area
Interest in solar power is flourishing throughout Ithaca and Tompkins County. Despite the lack of an abundance of sunny days, high electricity prices and compelling state incentives make Ithaca an ideal location for solar.
$12,361
Average Price of Solar Installations, AFTER Rebates and Tax Incentives
The average cost of installing solar in the first half of 2016 for Ithaca and Tompkins County area homeowners once tax incentives and rebates are applied.
$24,959
Average Price of Solar Installations, BEFORE Rebates and Tax Incentives
The average full price homeowners in the Ithaca and Tompkins County metro area would have paid for their solar panels in the first six months of 2016 without rebates and New York state property tax incentives.
50%
Cost Savings on Solar Installations Due to Rebates and Tax Incentives
Ithaca and Tompkins County area homeowners can save almost HALF the full cost of home solar installations using Federal and State rebates and tax incentives.
Finding reliable cost estimates for solar installation and panels can be overwhelming. The information isn’t always readily available because installers generally don’t provide estimates on their websites, and solar calculators have a tendency to be inaccurate or too generic. To give homeowners accessibility to real financial data, we created the Home Solar Cost Index which allows you to see the actual prices homeowners are paying to go solar in Ithaca and Tompkins County. We’ve also created a state-wide index on the cost of solar in New York State and made it available here.
Cost and Size of Average Solar Panel Installations in the Ithaca Area
Our goal at Solar to the People is to provide information to help inform homeowners so they can make the most educated decision possible when it comes to solar. By presenting data on what homeowners in the Ithaca and Tompkins county have actually paid over the course of the past year, it’s much easier to determine if the benefits of solar power are the right fit for your home.
As you can see in the data below, the Ithaca area has seen strong drops in average prices per kW for residential solar over the past four years. Unsubsidized prices have dropped form a high of roughly $5,600 per kW in 2012 to roughly $3,500 in 2016. Prices including incentives and rebates dropped from roughly $2,400 per kW in 2012 to $1,800 per kW in 2016.
In addition, average sizes of installations have increased sharply. In 2012, the average residential solar installation in Ithaca was roughly 5.6 kW, with a spike to 8.3 kW in 2015 before settling back down to roughly 7.2 kW in 2016.
7.13 KW
Average Size of Home Solar Installations
Ithaca area homeowners have been installing larger and larger solar systems, with the average size of systems installed in first half of 2016 being roughly 7.13 KWs.
$1,733 / KW
Average Price Per KW Paid AFTER Incentive and Rebates
The per KW price that the Ithaca area homeowners have paid for solar installations AFTER all tax incentives and rebates have been factored in, in the first six months of 2016.
$3,499 / KW
Average Price Paid Per KW BEFORE Incentives and Rebates
The price per KW BEFORE tax incentives and rebates for solar installations in the Ithaca metro area in the first six months of 2016.
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