Solar Panel Cost Guide in North Haven, CT (2023 Update)
- North Haven Solar Installation Cost: $8,874
- 25-Year Savings: $21,462
- Payback Period: 7.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in North Haven
Find out how much it might cost to go solar in North Haven.
Currently, the national average cost of solar panels is $2.66 per watt. However, in North Haven, the average cost of solar panels is 2.8 per watt. To account for the typical energy needs of the average home in North Haven, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs about $8,879, or $12,697 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of North Haven homeowners. The cost 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. Many homeowners find going solar is a fruitful investment. The average homeowner in North Haven can save about $25,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in North Haven
| Year | Return on Investment |
|---|---|
| 1 years | $-6,841 |
| 3 years | $-2,775 |
| 5 years | $1,290 |
| 7 years | $5,356 |
| 9 years | $9,421 |
| 11 years | $13,487 |
| 13 years | $17,552 |
| 15 years | $21,618 |
| 17 years | $25,684 |
| 19 years | $29,749 |
| 21 years | $33,815 |
| 23 years | $37,880 |
| 25 years | $41,946 |
Top Solar Installers in North Haven
Many homeowners opt for a solar installation company since trying to put up solar panels yourself can be hard. The expertise that solar companies provide can be useful as well, particularly if you aren't sure what kind of solar equipment you need.
Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:
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 North Haven
Factors that Affect Solar Panel Costs in North Haven
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also changes the cost. Typically, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can impact your pricing. North Haven'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 the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $27,972 | 7.6 years |
| 8 kW | $2.86 | $15,994 | $37,610 | 7.5 years |
| 10 kW | $2.80 | $19,600 | $47,404 | 7.3 years |
| 12 kW | $2.74 | $23,050 | $57,355 | 7.2 years |
| 14 kW | $2.69 | $26,342 | $67,463 | 7.0 years |
| 16 kW | $2.63 | $29,478 | $77,728 | 6.9 years |
| 18 kW | $2.58 | $32,458 | $88,150 | 6.7 years |
| 20 kW | $2.52 | $35,280 | $98,728 | 6.6 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases offer high-quality solar panel installation and expertise.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: The brand of solar panel you need to get plays a part in which installer you should opt for, since different companies provide different panels.
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 North Haven, CT Solar Cost FAQs
How much does it cost to install solar panels in North Haven?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $14,000 for a 5-kW system and $28,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to consider when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does North Haven have a net metering program?
Most states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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 buy between 20 and 35 panels to account for 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.