Solar Panel Cost Guide in East Haddam, CT (2023 Update)
- East Haddam Solar Installation Cost: $8,898
- 25-Year Savings: $18,585
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in East Haddam
Find out what the average cost of solar panels are in East Haddam.
In East Haddam, solar panels cost about 2.8 per watt on average. The average solar panel system size in East Haddam is around 4.5 kilowatts, meaning a cost of about $8,898 for a solar installation, or $12,724 before the 30% federal solar tax credit is applied.
How much you pay can be higher or lower than the average in East Haddam based on several factors, such as the brand of solar panels you choose and the solar company you hire. For many homeowners, the upfront investment in solar panels is worth paying. On average homeowners in East Haddam see about $23,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in East Haddam
| Year | Return on Investment |
|---|---|
| 1 years | $-7,799 |
| 3 years | $-5,600 |
| 5 years | $-3,402 |
| 7 years | $-1,203 |
| 9 years | $995 |
| 11 years | $3,194 |
| 13 years | $5,393 |
| 15 years | $7,591 |
| 17 years | $9,790 |
| 19 years | $11,989 |
| 21 years | $14,187 |
| 23 years | $16,386 |
| 25 years | $18,585 |
Top Solar Installers in East Haddam
Many homeowners decide to hire a solar panel company since trying to install solar panels on your own can be hard. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are various licensed solar professionals that can take care of your solar installation project. 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 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 the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,800. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like East Haddam, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular option because they cut back 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 loans, including the total 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 remarkably.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can influence the cost. East Haddam's solar companies all have different labor costs and add varying upcharges to equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk prices, 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 | $2.91 | $12,230 | $24,123 | 8.4 years |
| 8 kW | $2.86 | $15,994 | $32,478 | 8.2 years |
| 10 kW | $2.80 | $19,600 | $40,990 | 8.1 years |
| 12 kW | $2.74 | $23,050 | $49,658 | 7.9 years |
| 14 kW | $2.69 | $26,342 | $58,483 | 7.8 years |
| 16 kW | $2.63 | $29,478 | $67,465 | 7.6 years |
| 18 kW | $2.58 | $32,458 | $76,604 | 7.4 years |
| 20 kW | $2.52 | $35,280 | $85,900 | 7.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in East Haddam, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can be tedious, it's important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
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 Haddam, CT Solar Cost FAQs
What is the average cost of installing solar panels in East Haddam?
The average cost of solar panels in East Haddam is about $14,000 for a 5-kW system and $28,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in East Haddam, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in East Haddam?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level 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.