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

  • Haddam Solar Installation Cost: $8,898
  • 25-Year Savings: $18,121
  • Payback Period: 8.2 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Haddam

Find out what the average cost of installing solar panels is in Haddam.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Haddam, the typical cost of a solar system is $3 per watt. Using this figure, a typical 4.5 would cost about $8,898 before the 30% federal solar tax credit is applied.

These figures are just estimates, and how much solar costs for you may differ based on your energy needs and what company you go with. With typical savings of about $23,000 on energy bills over 20 years, many homeowners in Haddam find going solar can pay off big.

For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.

Solar savings over time in Haddam

Year Return on Investment
1 years $-7,818
3 years $-5,656
5 years $-3,494
7 years $-1,333
9 years $829
11 years $2,990
13 years $5,152
15 years $7,313
17 years $9,475
19 years $11,636
21 years $13,798
23 years $15,960
25 years $18,121

Top Solar Installers in Haddam

When making the switch to solar, many homeowners choose to go with a solar installer since overseeing your solar installation yourself can be a challenging project. The expertise that solar companies offer can be useful as well, particularly if you aren't sure what type of solar equipment would be right for your home.

You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:

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 Haddam

Factors that Affect Solar Panel Costs in Haddam

There are several factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,800 per kilowatt in Haddam. 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, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Haddam average.

Solar Financing Terms

Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Haddam homeowners choose to finance their solar panel systems to make going solar more affordable. Although solar loans make switching to solar energy more accessible for Haddam homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

Finally, the company you hire to install your solar panel system can impact the cost. Haddam's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 $23,511 8.6 years
8 kW $2.86 $15,994 $31,661 8.4 years
10 kW $2.80 $19,600 $39,968 8.2 years
12 kW $2.74 $23,050 $48,432 8.1 years
14 kW $2.69 $26,342 $57,053 7.9 years
16 kW $2.63 $29,478 $65,831 7.7 years
18 kW $2.58 $32,458 $74,765 7.6 years
20 kW $2.52 $35,280 $83,856 7.4 years

How to Save on Solar Panels

There are a large number of companies available in Haddam, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:

  • Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
  • Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you ask for their list of options before deciding.
  • Contract: Before you sign a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.

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 Haddam, CT Solar Cost FAQs

How much does it cost to install solar panels in Haddam?

The average cost of solar panels in 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 stuff like the model of solar panels you want, what size system you need and how much energy you consume.

Is it better to lease or buy solar panels in Haddam?

Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.

Do solar panels increase your home value?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Haddam is currently $285,604, so you can expect a value of about $11,710 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Haddam is a worthwhile investment.

How long do solar panels last in Haddam?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.

solar panel and sunny sky
Invest in clean solar energy, save thousands of dollars.

Save $$ on your electricity bill by getting a free quote today.

Follow us