Solar Panel Cost Guide in Seymour, CT (2023 Update)
- Seymour Solar Installation Cost: $8,879
- 25-Year Savings: $21,481
- Payback Period: 7.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Seymour
We go over average solar pricing in Seymour.
The national average cost of solar panels is $2.66 per watt, but in Seymour it's 2.8 per watt. Using this figure, a typical 4.5-kW system would cost about $8,879 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. Despite the significant upfront cost, the average Seymour homeowner can save about $25,000 on their power bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a vetted solar installer in Seymour for a quote for your home.
Solar savings over time in Seymour
| Year | Return on Investment |
|---|---|
| 1 years | $-7,664 |
| 3 years | $-5,236 |
| 5 years | $-2,807 |
| 7 years | $-378 |
| 9 years | $2,051 |
| 11 years | $4,479 |
| 13 years | $6,908 |
| 15 years | $9,337 |
| 17 years | $11,766 |
| 19 years | $14,195 |
| 21 years | $16,623 |
| 23 years | $19,052 |
| 25 years | $21,481 |
Top Solar Installers in Seymour
Many homeowners decide to hire a solar panel installer since trying to install solar panels by yourself can be time-consuming. The expertise that solar installers offer can be invaluable as well, particularly if you don't quite know what type of solar equipment you need.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Seymour:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Seymour
Factors that Affect Solar Panel Costs in Seymour
The cost of installing a solar system in Seymour 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.
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 energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,800 per kilowatt in Seymour. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Seymour average.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Seymour, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Seymour are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $28,003 | 7.6 years |
| 8 kW | $2.86 | $15,994 | $37,651 | 7.5 years |
| 10 kW | $2.80 | $19,600 | $47,456 | 7.3 years |
| 12 kW | $2.74 | $23,050 | $57,418 | 7.2 years |
| 14 kW | $2.69 | $26,342 | $67,536 | 7.0 years |
| 16 kW | $2.63 | $29,478 | $77,812 | 6.9 years |
| 18 kW | $2.58 | $32,458 | $88,244 | 6.7 years |
| 20 kW | $2.52 | $35,280 | $98,833 | 6.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Seymour, CT Solar Cost FAQs
How much does it cost to install solar panels in Seymour?
This is a hard question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $14,000 for a 5-kW system and $28,000 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Seymour have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.