Solar Panel Cost Guide in North Stonington, CT (Mar 2023)
- North Stonington Solar Installation Cost: $8,859
- 25-Year Savings: $18,160
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in North Stonington
Find out what the average cost of solar panel installation is in North Stonington.
Although the national average of solar panels is $2.66 per watt, solar panels in North Stonington generally cost around 2.8. Using this figure, a typical 4.5-kW system would cost about $8,859 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. Many homeowners find adopting solar power is a solid investment. The average homeowner in North Stonington can save around $23,000 on their power bills over 20 years.
Click the button below to get connected to a top solar panel company in your area for a custom quote.
Solar savings over time in North Stonington
| Year | Return on Investment |
|---|---|
| 1 years | $-7,778 |
| 3 years | $-5,617 |
| 5 years | $-3,455 |
| 7 years | $-1,294 |
| 9 years | $868 |
| 11 years | $3,029 |
| 13 years | $5,191 |
| 15 years | $7,352 |
| 17 years | $9,514 |
| 19 years | $11,676 |
| 21 years | $13,837 |
| 23 years | $15,999 |
| 25 years | $18,160 |
Top Solar Installers in North Stonington
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make swapping over to solar power much easier. Plus, if you're not certain what brand of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar installer can help you make the most of your investment in solar. 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
Best Technology
Tesla Energy
- 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 North Stonington
Factors that Affect Solar Panel Costs in North Stonington
There are several factors 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
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the North Stonington average.
Solar Financing Terms
Many homeowners find the average cost of solar in North Stonington to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in North Stonington, you'll have many options to choose from, but each comes at various price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $23,663 | 8.5 years |
| 8 kW | $2.86 | $15,994 | $31,864 | 8.4 years |
| 10 kW | $2.80 | $19,600 | $40,222 | 8.2 years |
| 12 kW | $2.74 | $23,050 | $48,737 | 8.0 years |
| 14 kW | $2.69 | $26,342 | $57,408 | 7.9 years |
| 16 kW | $2.63 | $29,478 | $66,237 | 7.7 years |
| 18 kW | $2.58 | $32,458 | $75,222 | 7.5 years |
| 20 kW | $2.52 | $35,280 | $84,364 | 7.4 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 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 $14,000 for a 5-kW system and $28,000 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in North Stonington?
Solar panels aren't free in North Stonington, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Does North Stonington have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How many solar panels should I get to power 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 generally produce about 250 to 400 watt-hours per hour, the average house 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.