Solar Panel Cost Guide in North Haven, CT (2024 Update)
- North Haven Solar Installation Cost: $11,885
- 25-Year Savings: $21,462
- Payback Period: 9.8 Years
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Average Cost of Solar Panels in North Haven
See how much it might cost to switch to solar power in North Haven.
Although the national average of solar panels is $2.66 per watt, solar panels in North Haven typically cost around 4.The average North Haven homeowner needs a 4.5-kilowatt system, which would cost about $11,885 with the federal tax credit, or $16,996 before the 0 tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely differ based on your specific situation and what company you want to go with.But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $25,000 over 20 years on power bills.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in North Haven
Year | Return on Investment |
---|---|
1 years | $-9,852 |
3 years | $-5,786 |
5 years | $-1,721 |
7 years | $2,345 |
9 years | $6,411 |
11 years | $10,476 |
13 years | $14,542 |
15 years | $18,607 |
17 years | $22,673 |
19 years | $26,738 |
21 years | $30,804 |
23 years | $34,870 |
25 years | $38,935 |
Top Solar Installers in North Haven
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Taking advantage of a solar company can make your switch to solar power much easier. Plus, if you’re not certain what brand of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in North Haven
Factors that Affect Solar Panel Costs in North Haven
For many North Haven homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in North Haven, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in North Haven, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $3,750 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you’re looking to get 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
Most solar companies in North Haven have solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also increases your all-in costs, so it’s crucial to keep that in mind 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
A final factor to consider when trying to evaluate the cost of solar for your home or business in North Haven is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that provide a range of services at different costs.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 come at a higher cost. It’s best to do some research and choose a company that has the products, warranties and services you want and also is within 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 | $23,822 | 10.2 years |
8 kW | $3.83 | $21,420 | $32,183 | 10.0 years |
10 kW | $3.75 | $26,250 | $40,754 | 9.8 years |
12 kW | $3.67 | $30,870 | $49,535 | 9.6 years |
14 kW | $3.60 | $35,280 | $58,526 | 9.4 years |
16 kW | $3.52 | $39,480 | $67,726 | 9.2 years |
18 kW | $3.45 | $43,470 | $77,137 | 9.0 years |
20 kW | $3.38 | $47,250 | $86,758 | 8.8 years |
How to Save on Solar Panels
There are a large number of companies to choose from in North Haven, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Before signing a contract with a solar installer, be sure to look it over fully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: The model of solar panel you want to get plays a role in which installer you should opt for, since different companies provide different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of 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.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's North Haven, CT Solar Cost FAQs
What is the average cost of installing solar panels in North Haven?
The average cost of solar panels in North Haven is about $18,750 for a 5-kW system and $37,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically 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.