Solar Panel Cost Guide in Redding, CT (2023 Update)
- Redding Solar Installation Cost: $8,773
- 25-Year Savings: $20,474
- Payback Period: 7.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Redding
Let's have a look at the average cost of solar panels in Redding.
The average cost of a solar system in Redding is 2.8 per watt. The average Redding homeowner needs a 4.5-kilowatt system, which would cost about $8,781 with the federal tax credit, or $12,557 before the 30% tax credit is applied.
These figures are only estimates, and the cost of going solar for you may vary based on factors unique to your home and what company you choose to go with. Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Redding can save about $25,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Redding
| Year | Return on Investment |
|---|---|
| 1 years | $-8,675 |
| 3 years | $-8,480 |
| 5 years | $-8,285 |
| 7 years | $-8,090 |
| 9 years | $-7,895 |
| 11 years | $-7,700 |
| 13 years | $-7,505 |
| 15 years | $-7,310 |
| 17 years | $-7,115 |
| 19 years | $-6,920 |
| 21 years | $-6,725 |
| 23 years | $-6,530 |
| 25 years | $-6,335 |
Top Solar Installers in Redding
When making the switch to solar, many homeowners prefer to use a solar installer since overseeing your solar installation yourself can be a difficult project. The expertise that solar installers provide can be valuable as well, especially if you don't quite know what kind of solar equipment would be right for your home.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some in Redding:
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 Redding
Factors that Affect Solar Panel Costs in Redding
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Redding: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,800 per kilowatt in Redding. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are provided by most installers in Redding, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable. Though solar loans make switching to solar energy more accessible for Redding homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Redding, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $26,975 | 7.8 years |
| 8 kW | $2.86 | $15,994 | $36,280 | 7.6 years |
| 10 kW | $2.80 | $19,600 | $45,742 | 7.5 years |
| 12 kW | $2.74 | $23,050 | $55,361 | 7.3 years |
| 14 kW | $2.69 | $26,342 | $65,137 | 7.2 years |
| 16 kW | $2.63 | $29,478 | $75,070 | 7.0 years |
| 18 kW | $2.58 | $32,458 | $85,159 | 6.9 years |
| 20 kW | $2.52 | $35,280 | $95,405 | 6.7 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Redding, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project completion timeline.
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer good-quality solar panel installation and expertise.
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 Redding, CT Solar Cost FAQs
What is the average cost of installing solar panels in Redding?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Redding?
You can't get solar panels for free in Redding. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
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 needs 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 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.