Solar Panel Cost Guide in Byram, CT (Mar 2023)
- Byram Solar Installation Cost: $8,781
- 25-Year Savings: $22,763
- Payback Period: 7.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Byram
Find out how much it might cost to go solar in Byram.
The national average cost of solar panels is $2.66 per watt, but in Byram it's 2.8 per watt. The average solar panel system size in Byram is around 4.5 kilowatts, meaning a cost of about $8,781 for a solar installation, or $12,557 before the 30% federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will look different based on your energy needs and what company you want to go with. For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Byram see about $27,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Byram
| Year | Return on Investment |
|---|---|
| 1 years | $-7,519 |
| 3 years | $-4,996 |
| 5 years | $-2,472 |
| 7 years | $51 |
| 9 years | $2,575 |
| 11 years | $5,098 |
| 13 years | $7,622 |
| 15 years | $10,145 |
| 17 years | $12,669 |
| 19 years | $15,192 |
| 21 years | $17,716 |
| 23 years | $20,239 |
| 25 years | $22,763 |
Top Solar Installers in Byram
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar panel installer can make switching to solar power much easier. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Byram
Factors that Affect Solar Panel Costs in Byram
Even though the average cost of a solar system in Byram is $8,781, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar energy system in Byram, one of the most important 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 gauge by looking at past power bills. Your total cost can increase by about $2,800 for each additional kilowatt you need. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Byram, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. Although solar loans make adopting solar energy more accessible for Byram homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you pick will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. 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 add-on 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 | $2.91 | $12,230 | $30,055 | 7.2 years |
| 8 kW | $2.86 | $15,994 | $40,387 | 7.1 years |
| 10 kW | $2.80 | $19,600 | $50,875 | 7.0 years |
| 12 kW | $2.74 | $23,050 | $61,521 | 6.8 years |
| 14 kW | $2.69 | $26,342 | $72,323 | 6.7 years |
| 16 kW | $2.63 | $29,478 | $83,282 | 6.5 years |
| 18 kW | $2.58 | $32,458 | $94,398 | 6.4 years |
| 20 kW | $2.52 | $35,280 | $105,671 | 6.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Byram, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- 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 choose.
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 Byram, CT Solar Cost FAQs
How much does it cost to install solar panels in Byram?
The average cost of solar panels in Byram is about $14,000 for a 5-kW system and $28,000 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 consume.
Can you get solar panels for free in Byram?
A solar panel system isn't free in Byram, 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.
Do solar panels increase your property value?
Solar panels can increase your property's value considerably as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Byram?
Though 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 the amount of energy they produce will have decreased significantly after that point. You can decide to 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.