Solar Panel Cost Guide in North Stonington, CT (2024 Update)
- North Stonington Solar Installation Cost: $11,856
- 25-Year Savings: $18,167
- Payback Period: 11.0 Years
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Average Cost of Solar Panels in North Stonington
We go over average solar pricing in North Stonington.
Although the national average of solar panels is $2.66 per watt, solar panels in North Stonington generally cost around 4.To cover the typical energy usage of the average home in North Stonington, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,856, or $16,954 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in North Stonington based on several factors, such as the type of solar panels you choose and the solar company you hire.Even with the large upfront cost, the average North Stonington homeowner can save around $23,000 on their power bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a vetted solar panel company in your area for a personalized quote.
Solar savings over time in North Stonington
| Year | Return on Investment |
|---|---|
| 1 years | $-10,012 |
| 3 years | $-6,324 |
| 5 years | $-2,636 |
| 7 years | $1,052 |
| 9 years | $4,740 |
| 11 years | $8,428 |
| 13 years | $12,116 |
| 15 years | $15,804 |
| 17 years | $19,492 |
| 19 years | $23,180 |
| 21 years | $26,868 |
| 23 years | $30,556 |
| 25 years | $34,244 |
Top Solar Installers in North Stonington
Many homeowners decide to use a solar installer since trying to put up solar panels yourself can be challenging. The expertise that solar installers offer can be useful as well, especially if you aren’t sure what kind of solar equipment you need.
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
See all of the solar companies in North Stonington
Factors that Affect Solar Panel Costs in North Stonington
The cost of installing a solar system in North Stonington can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of financing options, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $19,513 | 11.4 years |
| 8 kW | $3.83 | $21,420 | $26,438 | 11.2 years |
| 10 kW | $3.75 | $26,250 | $33,572 | 11.0 years |
| 12 kW | $3.67 | $30,870 | $40,916 | 10.8 years |
| 14 kW | $3.60 | $35,280 | $48,471 | 10.5 years |
| 16 kW | $3.52 | $39,480 | $56,235 | 10.3 years |
| 18 kW | $3.45 | $43,470 | $64,209 | 10.1 years |
| 20 kW | $3.38 | $47,250 | $72,394 | 9.9 years |
How to Save on Solar Panels
There are many companies available in North Stonington, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Contract: When reading over your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from past customers.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar company. See to it that you understand how the installation process will go and the project completion timeline.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
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
EcoWatch's North Stonington, CT Solar Cost FAQs
How much does it cost to install solar panels in North Stonington?
The average cost of solar panels in North Stonington 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 such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in North Stonington?
A solar panel system isn’t free in North Stonington, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 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.