Solar Panel Cost Guide in Durham, CT (Dec 2022)

  • Durham Solar Installation Cost: $8,898
  • 25-Year Savings: $20,092
  • Payback Period: 7.7 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Durham

Let's take a look at the average cost of solar in Durham.

The average cost of solar panels in Durham is $3 per watt. Since a 4.5-kW system is needed to cover the energy costs of a typical home in Durham, the average price of going solar will be about $8,898 before claiming the federal solar tax credit of 30%.

Bear in mind that the figures above are only estimates based on the average Durham homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $24,000 over 20 years on electricity bills.

To calculate your potential ROI and connect with a local solar expert, click the button below.

Solar savings over time in Durham

Year Return on Investment
1 years $-7,739
3 years $-5,420
5 years $-3,100
7 years $-781
9 years $1,538
11 years $3,857
13 years $6,177
15 years $8,496
17 years $10,815
19 years $13,134
21 years $15,454
23 years $17,773
25 years $20,092

Top Solar Installers in Durham

When making the switch to solar, many homeowners choose to use a solar company since overseeing your solar installation yourself can be a time-consuming project. Some solar companies, especially local ones, can help you take advantage of incentives in Durham, thereby optimizing your ROI.

There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Durham

Factors that Affect Solar Panel Costs in Durham

There are a number of criteria that can influence your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.

Solar Equipment

When it comes to estimating the cost of a solar energy system in Durham, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past power bills. Your total cost can increase by around $2,800 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Durham average.

Solar Financing Terms

If paying for a solar system out of pocket is out of reach, solar loans are a solid choice because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only 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 interest rate could reduce your costs significantly.

Solar Panel Installation Company

The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Durham, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 $26,118 8.0 years
8 kW $2.86 $15,994 $35,137 7.8 years
10 kW $2.80 $19,600 $44,313 7.7 years
12 kW $2.74 $23,050 $53,646 7.5 years
14 kW $2.69 $26,342 $63,136 7.4 years
16 kW $2.63 $29,478 $72,783 7.2 years
18 kW $2.58 $32,458 $82,586 7.1 years
20 kW $2.52 $35,280 $92,547 6.9 years

How to Save on Solar Panels

The solar installer you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, such as:

  • Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
  • Solar Panel Brands: The model of solar panel you'd like to install plays a part in which installer you should opt for, since different companies provide different panels.
  • Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Durham, CT Solar Cost FAQs

What is the average cost of installing solar panels in Durham?

The average cost of solar panels in Durham 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 certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in Durham?

Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

Can solar panels completely eradicate my power bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Durham, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.

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 uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.

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