Solar Panel Cost Guide in Pomfret, CT (2024 Update)
- Pomfret Solar Installation Cost: $12,271
- 25-Year Savings: $17,857
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Pomfret
We go over average solar pricing in Pomfret.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Pomfret, the average cost of a solar system is 4 per watt.Using this figure, a typical 4.7-kW system would cost about $12,271 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Pomfret can save about $22,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar installation company in Pomfret, you can click the button below.
Solar savings over time in Pomfret
| Year | Return on Investment |
|---|---|
| 1 years | $-10,427 |
| 3 years | $-6,739 |
| 5 years | $-3,051 |
| 7 years | $637 |
| 9 years | $4,325 |
| 11 years | $8,013 |
| 13 years | $11,701 |
| 15 years | $15,389 |
| 17 years | $19,077 |
| 19 years | $22,765 |
| 21 years | $26,453 |
| 23 years | $30,141 |
| 25 years | $33,829 |
Top Solar Installers in Pomfret
When making the switch to solar, many homeowners choose to go with a solar installer since putting up solar panels yourself can be a time-consuming project. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you're searching for a solar installer in Pomfret, we've organized a list of our top suggestions here:
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 Pomfret
Factors that Affect Solar Panel Costs in Pomfret
Although the average cost of a solar system in Pomfret is $12,271, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Pomfret, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Pomfret provide solar loans, which reduce the initial cost of installing a solar system.However, the interest on solar loans also adds to your all-in costs, so it’s important to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you go with to handle your switch to green energy can have an effect on your total costs. There are about 3 solar installation companies operating in Pomfret, and each can charge varying amounts for labor and equipment.Companies that 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 with an above-average cost. It’s best to do some research and find a company that provides 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 | $18,301 | 11.8 years |
| 8 kW | $3.83 | $21,420 | $24,821 | 11.6 years |
| 10 kW | $3.75 | $26,250 | $31,551 | 11.4 years |
| 12 kW | $3.67 | $30,870 | $38,491 | 11.1 years |
| 14 kW | $3.60 | $35,280 | $45,641 | 10.9 years |
| 16 kW | $3.52 | $39,480 | $53,001 | 10.7 years |
| 18 kW | $3.45 | $43,470 | $60,572 | 10.4 years |
| 20 kW | $3.38 | $47,250 | $68,352 | 10.2 years |
How to Save on Solar Panels
There are many companies available in Pomfret, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: It’s important to read your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you hire.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should secure and how long the project will take.
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 Pomfret, CT Solar Cost FAQs
What is the average cost of installing solar panels in Pomfret?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $18,750 for a 5-kW system and $37,500 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Pomfret?
Leasing solar panels can be an option if you can’t afford to 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 bang for your buck from going solar.
How will having solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Pomfret is currently $342,163, which means you can look forward to a value of about $14,029 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Pomfret is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.