Solar Panel Cost Guide in Pawcatuck, CT (2023 Update)
- Pawcatuck Solar Installation Cost: $8,859
- 25-Year Savings: $18,160
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pawcatuck
Here's how much it might cost to switch to solar power in Pawcatuck.
The national average cost of solar panels is $2.66 per watt, but in Pawcatuck it's 2.8 per watt. Since a 4.5-kW system is needed to cover the energy needs of a typical home in Pawcatuck, the average price of going solar will be about $8,859 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average energy use of Pawcatuck homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. With average savings of about $23,000 on power bills over 20 years, many homeowners in Pawcatuck find investing in solar can pay off big.
Click the button below to get connected to a reputable solar panel company in Pawcatuck for a personalized estimate.
Solar savings over time in Pawcatuck
| 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 Pawcatuck
When going solar, many homeowners choose to hire a solar installation company since DIY solar panel installation can be a difficult project. Also, if you'd like to maximize your investment in solar, going with a solar company can help with that too. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
There are several licensed solar professionals that can help you install your solar panels. 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
See all of the solar companies in Pawcatuck
Factors that Affect Solar Panel Costs in Pawcatuck
For many Pawcatuck homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Pawcatuck, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel 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. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 power bills. In addition, extra products, like solar batteries, can bring your total well above the Pawcatuck average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Pawcatuck, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. When trying to figure out 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 lower the total interest paid over time.
Solar Panel Installation Company
The solar company you pick will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. Additionally, some companies in Pawcatuck have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Your solar installer should have a sound reputation as a company and have proven 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 satisfied reviews from past customers.
- Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one indication of a good company.
- Contract: Review the contract terms carefully to make sure you understand the total cost, project completion timeline rebates and warranties.
- Solar Panel Brands: Different companies have various brands and models of panels. If you know you want a specific brand, make sure the solar installer you're considering has it.
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 Pawcatuck, CT Solar Cost FAQs
How much does it cost to install solar panels in Pawcatuck?
This is a tough question to answer precisely, because the cost depends on a variety of 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. It will cost more if you want other solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Pawcatuck?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Do solar panels increase your home value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Pawcatuck is currently $271,700, which means you could be looking at a value of about $11,140 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Pawcatuck is a worthwhile investment.
How many solar panels should I get to power my home?
To figure out how many solar panels 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 usually 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.