Solar Panel Cost Guide in East Granby, CT (2023 Update)
- East Granby Solar Installation Cost: $9,201
- 25-Year Savings: $17,819
- Payback Period: 8.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in East Granby
Let's have a look at the average cost of solar in East Granby.
In East Granby, solar panels cost about 2.8 per watt on average. The average East Granby homeowner needs a 4.7-kilowatt system, which would cost about $9,192 with the federal tax credit, or $13,145 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of East Granby homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar panels is worth paying. On average East Granby homeowners see about $22,000 in savings on electricity bills over 20 years.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in East Granby
| Year | Return on Investment |
|---|---|
| 1 years | $-7,357 |
| 3 years | $-3,669 |
| 5 years | $19 |
| 7 years | $3,707 |
| 9 years | $7,395 |
| 11 years | $11,083 |
| 13 years | $14,771 |
| 15 years | $18,459 |
| 17 years | $22,147 |
| 19 years | $25,835 |
| 21 years | $29,523 |
| 23 years | $33,211 |
| 25 years | $36,899 |
Top Solar Installers in East Granby
Installing solar panels by yourself can be a stressful task, which is why using a solar installation company is a good option for many homeowners. Another perk of working with a solar installer is that they can help you maximize your return of investment by reducing your future costs of repairs and replacements with the help of warranties and informing you of local incentives you can take advantage of.
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
See all of the solar companies in East Granby
Factors that Affect Solar Panel Costs in East Granby
For many East Granby homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in East Granby, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,800. The 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. However, higher efficiency could save you more over time on your power bills. In addition, extra products, such as solar batteries, can bring your total well above the East Granby average.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in East Granby, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The remaining significant cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in East Granby, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $22,304 | 8.9 years |
| 8 kW | $2.86 | $15,994 | $30,052 | 8.7 years |
| 10 kW | $2.80 | $19,600 | $37,957 | 8.5 years |
| 12 kW | $2.74 | $23,050 | $46,019 | 8.3 years |
| 14 kW | $2.69 | $26,342 | $54,237 | 8.2 years |
| 16 kW | $2.63 | $29,478 | $62,613 | 8.0 years |
| 18 kW | $2.58 | $32,458 | $71,145 | 7.8 years |
| 20 kW | $2.52 | $35,280 | $79,834 | 7.7 years |
How to Save on Solar Panels
There are a large number of companies to choose from in East Granby, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of options before deciding.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before signing a contract with a solar installer, be sure to read it through completely 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 if there are any guarantees about energy production.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's East Granby, CT Solar Cost FAQs
How much does it cost to install solar panels in East Granby?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,000 for a 5-kW system and $28,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to consider when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can you sell solar power back to the grid in East Granby?
Most states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system generates or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.