Solar Panel Cost Guide in Broad Brook, CT (Mar 2023)
- Broad Brook Solar Installation Cost: $9,192
- 25-Year Savings: $17,827
- Payback Period: 8.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Broad Brook
We go over average solar pricing in Broad Brook.
The national average cost of solar panels is $2.66 per watt, but in Broad Brook it's 2.8 per watt. To account for the typical energy usage of the average home in Broad Brook, most homeowners require a 4.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,192, or $13,145 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average Broad Brook homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the significant upfront cost, the average Broad Brook homeowner can save about $22,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar installer in Broad Brook for a quote for your home.
Solar savings over time in Broad Brook
| Year | Return on Investment |
|---|---|
| 1 years | $-8,112 |
| 3 years | $-5,950 |
| 5 years | $-3,789 |
| 7 years | $-1,627 |
| 9 years | $535 |
| 11 years | $2,696 |
| 13 years | $4,858 |
| 15 years | $7,019 |
| 17 years | $9,181 |
| 19 years | $11,342 |
| 21 years | $13,504 |
| 23 years | $15,666 |
| 25 years | $17,827 |
Top Solar Installers in Broad Brook
Trying to put up solar panels by yourself can be a time-consuming undertaking, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar companies offer can be valuable as well, particularly if you aren't sure what type of solar equipment you need.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Broad Brook
Factors that Affect Solar Panel Costs in Broad Brook
The cost of installing a solar system in Broad Brook 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
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 better efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,800. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar installers in Broad Brook provide solar loans, which reduce the initial cost of installing solar panels. It's wise to factor 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 the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Broad Brook, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.91 | $12,230 | $22,304 | 8.9 years |
| 8 kW | $2.86 | $15,994 | $30,052 | 8.7 years |
| 10 kW | $2.80 | $19,600 | $37,957 | 8.5 years |
| 12 kW | $2.74 | $23,050 | $46,019 | 8.3 years |
| 14 kW | $2.69 | $26,342 | $54,237 | 8.2 years |
| 16 kW | $2.63 | $29,478 | $62,613 | 8.0 years |
| 18 kW | $2.58 | $32,458 | $71,145 | 7.8 years |
| 20 kW | $2.52 | $35,280 | $79,834 | 7.7 years |
How to Save on Solar Panels
There are a large number of companies available in Broad Brook, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Broad Brook, CT Solar Cost FAQs
What is the average cost of installing solar panels in Broad Brook?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,000 for a 5-kW system and $28,000 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Broad Brook have a net metering program?
Each state has some form 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 give you credit toward your future energy bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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 account for 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.