Solar Panel Cost Guide in Riverside, CT (Jan 2023)
- Riverside Solar Installation Cost: $8,781
- 25-Year Savings: $18,239
- Payback Period: 8.1 Years
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Top Solar Installers in Riverside
Although it's possible to install solar panels on your own, it involves extra energy and knowledge. For that reason, most people choose a solar panel installer. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you're on the hunt for a solar installer in Riverside, the EcoWatch team has compiled a list of our top suggestions here:
See all of the solar companies in Riverside
Factors that Affect Solar Panel Costs in Riverside
The cost of installing a solar system in Riverside can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,800. The brand of solar panels and equipment you choose is another factor that will substantially affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond 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 for a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Riverside have solar loans, which reduce your upfront costs of installing solar panels. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Riverside, you'll have plenty of options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions 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||$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|
How to Save on Solar Panels
The solar installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should take into account, such as:
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you're considering has it.
- 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 the cost.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer quality solar panel installation and expertise.
- Warranty: If you're worried about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Riverside, CT Solar Cost FAQs
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.