Solar Panel Cost Guide in Haddam, CT (2023 Update)
- Haddam Solar Installation Cost: $8,898
- 25-Year Savings: $18,121
- Payback Period: 8.2 Years
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Updated March 14, 2023
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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 2.8 per watt. Using this figure, a typical 4.5-kW system 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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
What is the average cost of installing solar panels in Haddam?
This is a tough question to answer exactly, because the cost depends on a few different 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. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and the amount of direct sunlight your roof gets.
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 should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can 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.