Solar Panel Cost Guide in Jewett City, CT (2023 Update)
- Jewett City Solar Installation Cost: $8,859
- 25-Year Savings: $20,837
- Payback Period: 7.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Jewett City
Let's take a look at the average cost of solar in Jewett City.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Jewett City, the average cost of solar panels is 2.8 per watt. The average solar panel system size in Jewett City is around 4.5 kilowatts, meaning a cost of about $8,859 for a solar installation, or $12,668 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Jewett City depending on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. Even with the high upfront cost, the average Jewett City homeowner can save around $25,000 on their electricity bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Jewett City
| Year | Return on Investment |
|---|---|
| 1 years | $-7,671 |
| 3 years | $-5,296 |
| 5 years | $-2,920 |
| 7 years | $-544 |
| 9 years | $1,831 |
| 11 years | $4,207 |
| 13 years | $6,583 |
| 15 years | $8,958 |
| 17 years | $11,334 |
| 19 years | $13,710 |
| 21 years | $16,085 |
| 23 years | $18,461 |
| 25 years | $20,837 |
Top Solar Installers in Jewett City
Many homeowners opt for a solar panel company since trying to put up solar panels on your own can be challenging. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
There are a number of 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 Jewett City
Factors that Affect Solar Panel Costs in Jewett City
Though the average cost of a solar system in Jewett City is $8,859, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,800. The type of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Further, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Jewett City, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. Although solar loans make switching to solar energy more accessible for Jewett City homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Jewett City, you'll have many options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have 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 | $2.91 | $12,230 | $27,218 | 7.8 years |
| 8 kW | $2.86 | $15,994 | $36,604 | 7.6 years |
| 10 kW | $2.80 | $19,600 | $46,147 | 7.5 years |
| 12 kW | $2.74 | $23,050 | $55,847 | 7.3 years |
| 14 kW | $2.69 | $26,342 | $65,704 | 7.2 years |
| 16 kW | $2.63 | $29,478 | $75,717 | 7.0 years |
| 18 kW | $2.58 | $32,458 | $85,887 | 6.9 years |
| 20 kW | $2.52 | $35,280 | $96,214 | 6.7 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Jewett City, CT Solar Cost FAQs
How much does it cost to install solar panels in Jewett City?
This is a hard question to answer precisely, because the cost depends on many factors. Generally 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 higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Jewett City?
Solar panels can be a great investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Jewett City?
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 their energy production will have decreased significantly after that point. You can choose to replace them after having 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.