Solar Panel Cost Guide in East Haddam, CT (2024 Update)
- East Haddam Solar Installation Cost: $11,907
- 25-Year Savings: $18,593
- Payback Period: 10.8 Years
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Average Cost of Solar Panels in East Haddam
See how much it might cost to make the switch to solar in East Haddam.
Currently, the national average cost of solar panels is $2.66 per watt. However, in East Haddam, the typical cost of solar panels is 4 per watt.To account for the typical energy needs of the average home in East Haddam, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs about $11,907, or $17,027 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of equipment you want to get, your solar contractor and more.Even with the significant initial cost, the average East Haddam homeowner can save around $23,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free estimate from a vetted solar company in East Haddam, you can click the button below.
Solar savings over time in East Haddam
| Year | Return on Investment |
|---|---|
| 1 years | $-10,063 |
| 3 years | $-6,375 |
| 5 years | $-2,687 |
| 7 years | $1,001 |
| 9 years | $4,689 |
| 11 years | $8,377 |
| 13 years | $12,065 |
| 15 years | $15,753 |
| 17 years | $19,441 |
| 19 years | $23,129 |
| 21 years | $26,817 |
| 23 years | $30,505 |
| 25 years | $34,193 |
Top Solar Installers in East Haddam
When going solar, many homeowners prefer to hire a solar installer since putting up solar panels yourself can be a difficult project. Local solar companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
If you’d like to start using solar energy but still aren’t certain 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in East Haddam
Factors that Affect Solar Panel Costs in East Haddam
The cost of installing a solar system in East Haddam can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,750. There are many different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you’re looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in East Haddam provide solar loans, which reduce the initial cost of installing solar.Although solar loans make adopting solar energy more accessible for East Haddam homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you opt for to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies in East Haddam, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $19,974 | 11.3 years |
| 8 kW | $3.83 | $21,420 | $27,052 | 11.0 years |
| 10 kW | $3.75 | $26,250 | $34,340 | 10.8 years |
| 12 kW | $3.67 | $30,870 | $41,838 | 10.6 years |
| 14 kW | $3.60 | $35,280 | $49,546 | 10.4 years |
| 16 kW | $3.52 | $39,480 | $57,464 | 10.2 years |
| 18 kW | $3.45 | $43,470 | $65,592 | 10.0 years |
| 20 kW | $3.38 | $47,250 | $73,930 | 9.7 years |
How to Save on Solar Panels
Since the model of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have proven 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 satisfied reviews from past customers.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you opt for.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to read your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's East Haddam, CT Solar Cost FAQs
How much does it cost to install solar panels in East Haddam?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $18,750 for a 5-kW system and $37,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in East Haddam?
Leasing solar panels can be an appealing choice, as it often 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.
Does East Haddam have a net metering program?
The majority of 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 electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.