Solar Panel Cost Guide in Cheshire Village, CT (2024 Update)
- Cheshire Village Solar Installation Cost: $11,885
- 25-Year Savings: $20,117
- Payback Period: 10.2 Years
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Average Cost of Solar Panels in Cheshire Village
Find out how much it might cost to install solar panels in Cheshire Village.
The average cost of a solar panel system in Cheshire Village is 4 per watt.The average solar panel system size in Cheshire Village is around 4.5 kilowatts, meaning a cost of about $11,885 for a solar installation, or $16,996 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy consumption and what solar installer you go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is usually good, with a net average savings of about $24,000 over 20 years on utility bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Cheshire Village
| Year | Return on Investment |
|---|---|
| 1 years | $-10,041 |
| 3 years | $-6,353 |
| 5 years | $-2,665 |
| 7 years | $1,023 |
| 9 years | $4,711 |
| 11 years | $8,399 |
| 13 years | $12,087 |
| 15 years | $15,775 |
| 17 years | $19,463 |
| 19 years | $23,151 |
| 21 years | $26,839 |
| 23 years | $30,527 |
| 25 years | $34,215 |
Top Solar Installers in Cheshire Village
Many homeowners opt for a solar installer since installing solar panels by yourself can be a labor-intensive endeavor. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for your home.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Cheshire Village
Factors that Affect Solar Panel Costs in Cheshire Village
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few key factors that affect your total cost in Cheshire Village: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Cheshire Village average.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a solid route because they reduce your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panel system can affect how much you pay. Cheshire Village’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Cheshire Village know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.90 | $16,380 | $22,039 | 10.7 years |
| 8 kW | $3.83 | $21,420 | $29,806 | 10.5 years |
| 10 kW | $3.75 | $26,250 | $37,782 | 10.2 years |
| 12 kW | $3.67 | $30,870 | $45,968 | 10.0 years |
| 14 kW | $3.60 | $35,280 | $54,365 | 9.8 years |
| 16 kW | $3.52 | $39,480 | $62,971 | 9.6 years |
| 18 kW | $3.45 | $43,470 | $71,788 | 9.4 years |
| 20 kW | $3.38 | $47,250 | $80,814 | 9.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Contract: When reading over your solar installer’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.
- Warranty: If you care about the longevity of your solar panels, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and how long the project will take.
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 Cheshire Village, CT Solar Cost FAQs
How much does it cost to install solar panels in Cheshire Village?
The average cost of solar panels in Cheshire Village is about $18,750 for a 5-kW system and $37,500 for a 10-kW system before the ITC, but the real 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.
Are solar panels 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 you can take advantage of.
How will having solar panels impact my home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Cheshire Village is currently $371,569, so you can look forward to a value of about $15,234 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Cheshire Village is a worthwhile investment.
How many solar panels should I get to power my home?
To figure out how many solar panels 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 household 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.