Solar Panel Cost Guide in Haddam, CT (2024 Update)
- Haddam Solar Installation Cost: $11,907
- 25-Year Savings: $18,129
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Haddam
Find out how much it might cost to switch to solar power in Haddam.
The national average cost of solar panels is $2.66 per watt, but in Haddam it’s 4 per watt.To cover the typical energy usage of the average home in Haddam, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs around $11,907, or $17,027 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Haddam homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the high upfront cost, the average Haddam homeowner can save about $23,000 on their energy bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in 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 Haddam
Although it's possible to install solar panels on your own, it requires extra labor and expertise. That's one of the reasons almost all homeowners choose a solar panel installer. Also, if you’d like to maximize your investment in solar energy, going with a solar installer can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
If you’d like to switch to solar energy but still aren’t sure which solar installer to go with, here are our recommendations for providers nearby:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Haddam
Factors that Affect Solar Panel Costs in Haddam
There are a number of criteria that can determine your 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
When it comes to estimating the cost of solar panels in Haddam, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $3,750 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Haddam, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. 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 too expensive, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over five to seven years on average.While solar loans make switching to solar energy more accessible for Haddam homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Haddam is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that offer a range of services at different costs.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 | $3.90 | $16,380 | $19,361 | 11.5 years |
| 8 kW | $3.83 | $21,420 | $26,235 | 11.2 years |
| 10 kW | $3.75 | $26,250 | $33,318 | 11.0 years |
| 12 kW | $3.67 | $30,870 | $40,612 | 10.8 years |
| 14 kW | $3.60 | $35,280 | $48,115 | 10.6 years |
| 16 kW | $3.52 | $39,480 | $55,829 | 10.4 years |
| 18 kW | $3.45 | $43,470 | $63,753 | 10.1 years |
| 20 kW | $3.38 | $47,250 | $71,886 | 9.9 years |
How to Save on Solar Panels
There are many companies available in Haddam, 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:
- Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Solar Panel Brands: Different companies will carry various brands and types of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a good company.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Haddam, CT Solar Cost FAQs
What is the average cost of installing solar panels in Haddam?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 other solar equipment or more efficient 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.
What other factors should I consider apart from cost when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,191.36 per year.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much 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 get between 20 and 35 panels to cover 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.