Solar Panel Cost Guide in Middlefield, CT (2023 Update)
- Middlefield Solar Installation Cost: $8,898
- 25-Year Savings: $19,529
- Payback Period: 7.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Middlefield
Let's take a look at the average cost of solar panels in Middlefield.
The national average cost of solar panels is $2.66 per watt, but in Middlefield it's 2.8 per watt. The average solar panel system size in Middlefield is around 4.5 kilowatts, meaning a cost of about $8,898 for a solar installation, or $12,724 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of equipment you want to get, your solar contractor and more. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $24,000 over 20 years on energy bills.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Middlefield
| Year | Return on Investment |
|---|---|
| 1 years | $-7,761 |
| 3 years | $-5,487 |
| 5 years | $-3,213 |
| 7 years | $-939 |
| 9 years | $1,336 |
| 11 years | $3,610 |
| 13 years | $5,884 |
| 15 years | $8,158 |
| 17 years | $10,432 |
| 19 years | $12,706 |
| 21 years | $14,981 |
| 23 years | $17,255 |
| 25 years | $19,529 |
Top Solar Installers in Middlefield
Although it's possible to install solar panels yourself, it requires extra effort and know-how. Because of that, most homeowners choose a solar panel installer. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
You can get a free estimate from a local solar installer on the cost of solar panels for your home. Here are some in Middlefield:
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 Middlefield
Factors that Affect Solar Panel Costs in Middlefield
For many Middlefield homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Middlefield, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,800 per kilowatt in Middlefield. There are a lot of different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Middlefield to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in paying more over time because of interest. Even though solar loans make switching to solar energy more accessible for Middlefield homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Middlefield is the company you choose to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services at different costs. 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 come at a higher cost. It's best to do some research and choose a company that provides the products, warranties and services you want 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 | $2.91 | $12,230 | $25,373 | 8.1 years |
| 8 kW | $2.86 | $15,994 | $34,144 | 8.0 years |
| 10 kW | $2.80 | $19,600 | $43,072 | 7.8 years |
| 12 kW | $2.74 | $23,050 | $52,157 | 7.7 years |
| 14 kW | $2.69 | $26,342 | $61,398 | 7.5 years |
| 16 kW | $2.63 | $29,478 | $70,797 | 7.3 years |
| 18 kW | $2.58 | $32,458 | $80,352 | 7.2 years |
| 20 kW | $2.52 | $35,280 | $90,064 | 7.0 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 durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
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 Middlefield, CT Solar Cost FAQs
What is the average cost of installing solar panels in Middlefield?
The average cost of solar panels in Middlefield 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost 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.
How much can I save on energy bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,253.44 per year.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.