Solar Panel Cost Guide in New Britain, CT (2024 Update)

  • New Britain Solar Installation Cost: $12,323
  • 25-Year Savings: $17,819
  • Payback Period: 11.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in New Britain

Here’s how much it might cost to make the switch to solar in New Britain.

The average cost of a solar panel system in New Britain is 4 per watt.To cover the typical energy needs of the average home in New Britain, most homeowners require a 4.7-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,323, or $17,622 before the federal solar tax credit of 0 is applied.

Bear in mind that the figures above are only estimates based on the average New Britain homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the significant upfront cost, the average New Britain homeowner can save about $22,000 on their power bills over 20 years, which is one of the advantages of solar.

To calculate your potential savings and connect with a local solar company, click the button below.

Solar savings over time in New Britain

Year Return on Investment
1 years $-10,479
3 years $-6,791
5 years $-3,103
7 years $585
9 years $4,273
11 years $7,961
13 years $11,649
15 years $15,337
17 years $19,025
19 years $22,713
21 years $26,401
23 years $30,089
25 years $33,777

Top Solar Installers in New Britain

Trying to put up solar panels on your own can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. The expertise that solar installers provide can be helpful as well, particularly if you aren’t sure what brand of solar equipment you need.

If you're looking for a solar installer in New Britain, we've organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 New Britain

Factors that Affect Solar Panel Costs in New Britain

While the average cost of a solar system in New Britain is $12,323, your actual cost may be higher or lower than that. There are several factors that can have a sizable 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 panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation use 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.The kind of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many New Britain homeowners decide to finance their solar panel systems to make paying for solar more affordable.When figuring out your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.

Solar Panel Installation Company

A final consideration when trying to estimate the cost of solar for your home or business in New Britain is the company you hire to install your solar system. As with choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services at different costs.Some companies only sell high-efficiency and high-priced products — 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 go with the company that provides the products, warranties and services you want and also fit into 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 $18,154 11.9 years
8 kW $3.83 $21,420 $24,626 11.6 years
10 kW $3.75 $26,250 $31,307 11.4 years
12 kW $3.67 $30,870 $38,198 11.2 years
14 kW $3.60 $35,280 $45,300 10.9 years
16 kW $3.52 $39,480 $52,611 10.7 years
18 kW $3.45 $43,470 $60,133 10.5 years
20 kW $3.38 $47,250 $67,864 10.3 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:

  • Solar Panel Brands: Not all solar companies offer 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.
  • Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
  • Contract: Read the contract terms carefully to make sure you understand the overall cost, completion timeline incentives and warranties.
  • Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's New Britain, CT Solar Cost FAQs

What is the average cost of installing solar panels in New Britain?

The average cost of solar panels in New Britain 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 things like the type of solar panels you want, what size system you need and how much energy you use.

Should I lease or buy solar panels in New Britain?

Leasing solar panels can be an option if you are unable to pay upfront or get 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 financial benefits from going solar.

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 $1,151.14 per year.

How many solar panels do I need 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 generally produce about 250 to 400 watt-hours per hour, the average home 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.

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