Solar Panel Cost Guide in Cheshire Village, CT (2023 Update)
- Cheshire Village Solar Installation Cost: $8,879
- 25-Year Savings: $20,112
- Payback Period: 7.7 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Cheshire Village
Let's have a look at the average cost of solar in Cheshire Village.
The average cost of a solar panel system in Cheshire Village is 2.8 per watt. The average solar panel system size in Cheshire Village is around 4.5 kilowatts, meaning a cost of about $8,879 for a solar installation, or $12,697 before the 30% federal solar tax credit is applied.
The actual price you pay can go above or below the average in Cheshire Village depending on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. But, after you've paid the initial cost of installation, the payback for most homeowners is quite good, with a net average savings of about $24,000 over 20 years on energy bills.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Cheshire Village
| Year | Return on Investment |
|---|---|
| 1 years | $-7,719 |
| 3 years | $-5,400 |
| 5 years | $-3,081 |
| 7 years | $-761 |
| 9 years | $1,558 |
| 11 years | $3,877 |
| 13 years | $6,196 |
| 15 years | $8,516 |
| 17 years | $10,835 |
| 19 years | $13,154 |
| 21 years | $15,473 |
| 23 years | $17,792 |
| 25 years | $20,112 |
Top Solar Installers in Cheshire Village
Putting up solar panels on your own can be a dangerous task, which is why using a solar installation company is a good option for many homeowners. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be right for your home.
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 Cheshire Village
Factors that Affect Solar Panel Costs in Cheshire Village
There are a number of factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production 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. There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Cheshire Village, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's crucial to consider that as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you select will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Cheshire Village know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $26,189 | 8.0 years |
| 8 kW | $2.86 | $15,994 | $35,232 | 7.8 years |
| 10 kW | $2.80 | $19,600 | $44,432 | 7.7 years |
| 12 kW | $2.74 | $23,050 | $53,789 | 7.5 years |
| 14 kW | $2.69 | $26,342 | $63,302 | 7.3 years |
| 16 kW | $2.63 | $29,478 | $72,973 | 7.2 years |
| 18 kW | $2.58 | $32,458 | $82,800 | 7.0 years |
| 20 kW | $2.52 | $35,280 | $92,784 | 6.9 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
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 Cheshire Village, CT Solar Cost FAQs
What is the average cost of installing solar panels in Cheshire Village?
The average cost of solar panels in Cheshire Village is about $14,000 for a 5-kW system and $28,000 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Cheshire Village?
Solar panels aren't free in Cheshire Village, 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 can help lower the cost.
Can you sell solar power back to the grid in Cheshire Village?
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 electricity bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.