Solar Panel Cost Guide in Middletown, CT (2024 Update)
- Middletown 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 Middletown
Here’s how much it might cost to make the switch to solar in Middletown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Middletown, the average cost of solar panels is 4 per watt.Because a 4.5-kW system is needed to cover the energy needs of a typical home in Middletown, the average price of going solar will be about $11,907 after claiming the federal solar tax credit of 0.
These figures are just averages, and your own solar costs may differ based on your energy needs and what company you choose to go with.For many homeowners, the upfront cost of solar power is worth paying. On average homeowners in Middletown see about $23,000 in savings on electricity bills over 20 years.
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Solar savings over time in Middletown
| 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 Middletown
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using an installer can make switching to solar power much easier. In addition, if you’d like to maximize your investment in solar power, opting for a solar installer can help with that too. Different providers can offer repairs, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Middletown:
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 Middletown
Factors that Affect Solar Panel Costs in Middletown
For many Middletown homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Middletown, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production 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 $3,750.There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you’re looking to install 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 companies in Middletown have solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also increases your all-in costs, so it’s crucial to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panel system can affect the cost. Middletown’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Middletown know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Installation Process: When making the switch to solar energy, it’s essential to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the completion timeline.
- Contract: Before you sign a contract with a solar installer, be sure to look it over carefully 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.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panels running for a long time and save you money on repairs and maintenance.
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 Middletown, CT Solar Cost FAQs
What is the average cost of installing solar panels in Middletown?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $18,750 for a 5-kW system and $37,500 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Middletown?
You can’t get solar panels for free in Middletown. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How will solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Middletown is currently $303,054, which means you can expect a value of about $12,425 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Middletown is a fruitful investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use 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.