Solar Panel Cost Guide in Conning Towers Nautilus Park, CT (2023 Update)
- Conning Towers Nautilus Park Solar Installation Cost: $8,859
- 25-Year Savings: $18,380
- Payback Period: 8.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Conning Towers Nautilus Park
We break down average solar pricing in Conning Towers Nautilus Park.
Although the national average of solar panels is $2.66 per watt, solar panels in Conning Towers Nautilus Park typically cost around 2.8. Because a 4.5-kW system is needed to cover the energy consumption of a typical home in Conning Towers Nautilus Park, the average price of going solar will be about $8,859 after claiming the federal solar tax credit of 30%.
The true price you pay can go higher or lower than the average in Conning Towers Nautilus Park depending on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire. But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically good, with a net average savings of about $23,000 over 20 years on power bills.
You can click the button below to get connected with a top solar installer in Conning Towers Nautilus Park that can help you get a more accurate cost estimate for your home.
Solar savings over time in Conning Towers Nautilus Park
| Year | Return on Investment |
|---|---|
| 1 years | $-7,770 |
| 3 years | $-5,591 |
| 5 years | $-3,411 |
| 7 years | $-1,232 |
| 9 years | $947 |
| 11 years | $3,126 |
| 13 years | $5,305 |
| 15 years | $7,484 |
| 17 years | $9,663 |
| 19 years | $11,842 |
| 21 years | $14,022 |
| 23 years | $16,201 |
| 25 years | $18,380 |
Top Solar Installers in Conning Towers Nautilus Park
Trying to install solar panels yourself can be a time-consuming project, which is why using a solar installer is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you decide which one will be right for your family.
If you'd like to start using solar energy but still aren't sure which solar installer to go with, here are our suggestions for providers near you:
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 Conning Towers Nautilus Park
Factors that Affect Solar Panel Costs in Conning Towers Nautilus Park
For many Conning Towers Nautilus Park homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Conning Towers Nautilus Park, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,800. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Conning Towers Nautilus Park, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Conning Towers Nautilus Park, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. While solar loans make going solar more accessible for Conning Towers Nautilus Park homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Conning Towers Nautilus Park, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Conning Towers Nautilus Park know more about local solar incentives and can help you learn about 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 | $23,954 | 8.4 years |
| 8 kW | $2.86 | $15,994 | $32,253 | 8.3 years |
| 10 kW | $2.80 | $19,600 | $40,708 | 8.1 years |
| 12 kW | $2.74 | $23,050 | $49,320 | 8.0 years |
| 14 kW | $2.69 | $26,342 | $58,089 | 7.8 years |
| 16 kW | $2.63 | $29,478 | $67,014 | 7.6 years |
| 18 kW | $2.58 | $32,458 | $76,097 | 7.5 years |
| 20 kW | $2.52 | $35,280 | $85,336 | 7.3 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Conning Towers Nautilus Park, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
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 Conning Towers Nautilus Park, CT Solar Cost FAQs
How much does it cost to install solar panels in Conning Towers Nautilus Park?
The average cost of solar panels in Conning Towers Nautilus Park 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 stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Conning Towers Nautilus Park?
A solar panel system isn't free in Conning Towers Nautilus Park, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Conning Towers Nautilus Park?
Most states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Conning Towers Nautilus Park?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.