Solar Panel Cost Guide in Rockville, CT (2023 Update)
- Rockville Solar Installation Cost: $9,192
- 25-Year Savings: $17,827
- Payback Period: 8.5 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Rockville
We go over average solar pricing in Rockville.
The national average cost of solar panels is $2.66 per watt, but in Rockville it's 2.8 per watt. The average Rockville homeowner needs a 4.7-kilowatt system, which would cost about $9,192 with the federal tax credit, or $13,145 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of equipment you choose, your solar contractor and more. For many homeowners, the upfront cost of solar is worth paying. On average homeowners in Rockville see about $22,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar installer in Rockville for a custom quote.
Solar savings over time in Rockville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,112 |
| 3 years | $-5,950 |
| 5 years | $-3,789 |
| 7 years | $-1,627 |
| 9 years | $535 |
| 11 years | $2,696 |
| 13 years | $4,858 |
| 15 years | $7,019 |
| 17 years | $9,181 |
| 19 years | $11,342 |
| 21 years | $13,504 |
| 23 years | $15,666 |
| 25 years | $17,827 |
Top Solar Installers in Rockville
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with an installer can make your switch to solar power much easier. A solar company can also help save you money over time by providing warranties, repairs and component replacements.
If you'd like to go solar but still aren't certain which solar system company to go with, here are our suggestions for providers near you:
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 Rockville
Factors that Affect Solar Panel Costs in Rockville
The cost of installing a solar system in Rockville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use. The brand of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on 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's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Rockville to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time because of interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar panel installer you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor. The company's size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $22,306 | 8.9 years |
| 8 kW | $2.86 | $15,994 | $30,055 | 8.7 years |
| 10 kW | $2.80 | $19,600 | $37,961 | 8.5 years |
| 12 kW | $2.74 | $23,050 | $46,023 | 8.3 years |
| 14 kW | $2.69 | $26,342 | $54,243 | 8.2 years |
| 16 kW | $2.63 | $29,478 | $62,619 | 8.0 years |
| 18 kW | $2.58 | $32,458 | $71,152 | 7.8 years |
| 20 kW | $2.52 | $35,280 | $79,842 | 7.7 years |
How to Save on Solar Panels
There are a lot of companies available in Rockville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and how long the project will take.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
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 Rockville, CT Solar Cost FAQs
How much does it cost to install solar panels in Rockville?
This is a hard question to answer exactly, because the cost depends on many 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 cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Rockville?
A solar panel system isn't free in Rockville, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase the value of your home?
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 Rockville is currently $203,300, so you can expect a value of about $8,335 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Rockville is a fruitful investment.
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of 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.