Solar Panel Cost Guide in Ridgefield, CT (Oct 2022)

  • Ridgefield Solar Installation Cost: $8,781
  • 25-Year Savings: $18,239
  • Payback Period: 8.1 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Ridgefield

Let's take a look at the average cost of solar in Ridgefield.

The average cost of a solar system in Ridgefield is $3 per watt. The average Ridgefield homeowner needs a 4.5-kilowatt system, which would cost about $8,781, or $6,498 after the federal solar tax credit of 30% is applied.

The actual price you pay can be higher or lower than the average in Ridgefield depending on several factors, such as the brand of solar panels you choose and the solar installer you hire. With average savings of about $23,000 on electricity bills over 20 years, many homeowners in Ridgefield find investing in solar can pay off big.

To calculate your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Ridgefield

Year Return on Investment
1 years $-7,700
3 years $-5,538
5 years $-3,377
7 years $-1,215
9 years $946
11 years $3,108
13 years $5,269
15 years $7,431
17 years $9,592
19 years $11,754
21 years $13,916
23 years $16,077
25 years $18,239

Top Solar Installers in Ridgefield

Many homeowners choose to use a solar panel installer since trying to install solar panels yourself can be a labor-intensive endeavor. The expertise that solar installers offer can be valuable as well, especially if you don't quite know what kind of solar equipment you need.

If you'd like to switch to solar energy but still aren't sure which solar panel company to go with, here are our recommendations for providers nearby:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Ridgefield

Factors that Affect Solar Panel Costs in Ridgefield

For many Ridgefield homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Ridgefield, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment Size

When it comes to estimating the price of a solar panel system in Ridgefield, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past energy bills. Your total cost can increase by around $2,800 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.

Solar Financing Terms

Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Ridgefield homeowners opt to finance their solar panel systems to make paying for solar more affordable. Though solar loans make adopting solar energy more accessible for Ridgefield homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

Finally, the company you get to install your solar system can affect the cost. Ridgefield's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.

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 $23,990 8.4 years
8 kW $2.86 $15,994 $32,300 8.3 years
10 kW $2.80 $19,600 $40,767 8.1 years
12 kW $2.74 $23,050 $49,391 8.0 years
14 kW $2.69 $26,342 $58,172 7.8 years
16 kW $2.63 $29,478 $67,109 7.6 years
18 kW $2.58 $32,458 $76,204 7.5 years
20 kW $2.52 $35,280 $85,455 7.3 years

Solar Incentives in Ridgefield

Name Sales and Use Tax Exemption for Solar and Geothermal Systems
Incentive Amount 100% exemption
More Info Click here

Name Residential Solar Investment Program
Website Visit here
More Info Click here

Name Connecticut Green Energy Building Solutions
Incentive Amount
Website Visit here
More Info Click here

Name Smart-E loans
Incentive Amount
Website Visit here
More Info Click here

Name Local Option - Property Tax Exemption for Renewable Energy Systems
Incentive Amount Local Option
More Info Click here

Name Property Tax Exemption for Renewable Energy Systems
More Info Click here

Name Sales and Use Tax Exemption for Energy-Efficient Products
Incentive Amount 100% exemption
More Info Click here

Name Energy Conservation Loan
Website Visit here
More Info Click here

Name The United Illuminating Company - Small ZREC Tariff
Website Visit here
More Info Click here

Name Eversource - Small ZREC Tariff
Website Visit here
More Info Click here

Name (Electric and Gas) Residential Rebate Program
Website Visit here
More Info Click here

Name Local Option - Residential Sustainable Energy Program
Incentive Amount Locally determined
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

There are many companies to choose from in Ridgefield, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:

  • Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
  • Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
  • Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • 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 Ridgefield, CT Solar Cost FAQs

How much does it cost to install solar panels in Ridgefield?

The average cost of solar panels in Ridgefield 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 stuff like the model of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Ridgefield?

A solar panel system isn't free in Ridgefield, 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.

How will solar panels impact my 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 Ridgefield is currently $653,400, so you could be looking at a value of about $26,789 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Ridgefield is a worthwhile investment.

How long do solar panels last in Ridgefield?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can keep using them at a lower efficiency.

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.

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