Solar Panel Cost Guide in New Britain, CT (Jan 2023)

  • New Britain Solar Installation Cost: $9,192
  • 25-Year Savings: $17,827
  • Payback Period: 8.5 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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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

We break down average solar pricing in New Britain.

Currently, the national average cost of solar panels is $2.66 per watt. However, in New Britain, the typical cost of solar panels is $3 per watt. To account for 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 $9,192, or $6,802 after the federal solar tax credit of 30% is applied.

Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. For most homeowners, the upfront investment in solar power is worth paying. On average New Britain homeowners see about $22,000 in savings on energy bills over 20 years.

To receive a free estimate from a pre-vetted solar installation company in New Britain, you can click the button below.

Solar savings over time in New Britain

Year Return on Investment
1 years $-8,112
3 years $-5,950
5 years $-3,789
7 years $-1,627
9 years $535
11 years $2,696
13 years $4,858
15 years $7,019
17 years $9,181
19 years $11,342
21 years $13,504
23 years $15,666
25 years $17,827

Top Solar Installers in New Britain

When making the switch to solar, many homeowners choose to go with a solar company since installing solar panels yourself can be a difficult project. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your family.

There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:

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 Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in New Britain

Factors that Affect Solar Panel Costs in New Britain

There are many criteria that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.

Solar Equipment

The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,800. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like New Britain, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many New Britain homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in New Britain, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Some companies 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 cost more. It's best to do some research and go with the company that has the products, warranties and services you're looking for 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 $2.91 $12,230 $22,304 8.9 years
8 kW $2.86 $15,994 $30,052 8.7 years
10 kW $2.80 $19,600 $37,957 8.5 years
12 kW $2.74 $23,050 $46,019 8.3 years
14 kW $2.69 $26,342 $54,237 8.2 years
16 kW $2.63 $29,478 $62,613 8.0 years
18 kW $2.58 $32,458 $71,145 7.8 years
20 kW $2.52 $35,280 $79,834 7.7 years

How to Save on Solar Panels

Since the brand of solar panels and the installer you choose greatly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:

  • Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
  • Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, completion timeline incentives and warranties.
  • Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
  • Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.

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 Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

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 $14,000 for a 5-kW system and $28,000 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you consume.

Should I lease or buy solar panels in New Britain?

Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.

How much can I save on electricity bills after installing solar panels?

Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. 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 often do you have to replace solar panels?

Even 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 choose to replace them once you've had 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.

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