Solar Panel Cost Guide in Montville, CT (2023 Update)
- Montville Solar Installation Cost: $8,859
- 25-Year Savings: $19,340
- Payback Period: 7.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Montville
We break down average solar pricing in Montville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Montville, the average cost of a solar system is 2.8 per watt. The average Montville homeowner needs a 4.5-kilowatt system, which would cost about $8,859 with the federal tax credit, or $12,668 before the 30% tax credit is applied.
The true price you pay can be higher or lower than the average in Montville depending on several factors, such as the kind of solar panels you choose and the solar company you hire. But, after you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $24,000 over 20 years on utility bills.
Click the button below to get connected to a vetted solar installer in your area for a customized quote.
Solar savings over time in Montville
| Year | Return on Investment |
|---|---|
| 1 years | $-7,731 |
| 3 years | $-5,475 |
| 5 years | $-3,219 |
| 7 years | $-963 |
| 9 years | $1,293 |
| 11 years | $3,548 |
| 13 years | $5,804 |
| 15 years | $8,060 |
| 17 years | $10,316 |
| 19 years | $12,572 |
| 21 years | $14,828 |
| 23 years | $17,084 |
| 25 years | $19,340 |
Top Solar Installers in Montville
DIY solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Hiring an installer can make your swap to solar power much easier. Another upside of going with a solar installer is that they can help you make the most of your investment by cutting back on future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you'd like to make the switch to solar but still aren't sure which solar panel installer to go with, here are our suggestions 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
See all of the solar companies in Montville
Factors that Affect Solar Panel Costs in Montville
Although the average cost of a solar system in Montville is $8,859, your final cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,800 per kilowatt in Montville. The brand of solar panels and equipment you get is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about 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's in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can play a role in determining your pricing. Montville's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $25,230 | 8.2 years |
| 8 kW | $2.86 | $15,994 | $33,953 | 8.0 years |
| 10 kW | $2.80 | $19,600 | $42,834 | 7.8 years |
| 12 kW | $2.74 | $23,050 | $51,871 | 7.7 years |
| 14 kW | $2.69 | $26,342 | $61,065 | 7.5 years |
| 16 kW | $2.63 | $29,478 | $70,415 | 7.4 years |
| 18 kW | $2.58 | $32,458 | $79,923 | 7.2 years |
| 20 kW | $2.52 | $35,280 | $89,587 | 7.1 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a solid reputation as a company and have proven 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 past customers.
- 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.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
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 Montville, CT Solar Cost FAQs
What is the average cost of installing solar panels in Montville?
The average cost of solar panels in Montville 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 certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Montville?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can you sell solar power back to the grid in Montville?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future electricity bills.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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.