Solar Panel Cost Guide in Heritage Village, CT (2024 Update)
- Heritage Village Solar Installation Cost: $11,885
- 25-Year Savings: $18,146
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in Heritage Village
We go over average solar pricing in Heritage Village.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Heritage Village, the typical cost of solar panels is 4 per watt.The average solar panel system size in Heritage Village is around 4.5 kilowatts, meaning a cost of about $11,885 for a solar installation, or $16,996 before the 0 federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more.Despite the large initial cost, the average Heritage Village homeowner can save about $23,000 on their energy bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a top solar panel company in Heritage Village for a custom quote.
Solar savings over time in Heritage Village
Year | Return on Investment |
---|---|
1 years | $-10,041 |
3 years | $-6,353 |
5 years | $-2,665 |
7 years | $1,023 |
9 years | $4,711 |
11 years | $8,399 |
13 years | $12,087 |
15 years | $15,775 |
17 years | $19,463 |
19 years | $23,151 |
21 years | $26,839 |
23 years | $30,527 |
25 years | $34,215 |
Top Solar Installers in Heritage Village
Many homeowners choose to use a solar installation company since figuring out how to install solar panels on your own can be hard. Another great thing about choosing a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
If you’d like to start using solar energy but still aren’t certain which solar panel company 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
See all of the solar companies in Heritage Village
Factors that Affect Solar Panel Costs in Heritage Village
Even though the average cost of a solar system in Heritage Village is $11,885, your actual cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, 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 around $3,750. There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Heritage Village have solar loans, which reduce your upfront costs of installing solar panels.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies in Heritage Village, and each can charge varying amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fits within your budget.
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 | $19,427 | 11.4 years |
8 kW | $3.83 | $21,420 | $26,323 | 11.2 years |
10 kW | $3.75 | $26,250 | $33,429 | 11.0 years |
12 kW | $3.67 | $30,870 | $40,745 | 10.8 years |
14 kW | $3.60 | $35,280 | $48,270 | 10.6 years |
16 kW | $3.52 | $39,480 | $56,006 | 10.3 years |
18 kW | $3.45 | $43,470 | $63,952 | 10.1 years |
20 kW | $3.38 | $47,250 | $72,108 | 9.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installer you choose has an impact on your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Contract: Although reading through a contract can be tedious, it’s important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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
EcoWatch's Heritage Village, CT Solar Cost FAQs
What is the average cost of installing solar panels in Heritage Village?
The average cost of solar panels in Heritage Village is about $18,750 for a 5-kW system and $37,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my energy bills?
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 $1,193.58 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 buy 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.