Solar Panel Cost Guide in Thompsonville, CT (Dec 2022)

  • Thompsonville Solar Installation Cost: $9,192
  • 25-Year Savings: $17,827
  • Payback Period: 8.5 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated December 8, 2022

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Average Cost of Solar Panels in Thompsonville

Find out what the average cost of solar panel installation is in Thompsonville.

The national average cost of solar panels is $2.66 per watt, but in Thompsonville it's $3 per watt. The average solar panel system size in Thompsonville is around 4.7 kilowatts, meaning a cost of about $9,192 for a solar installation, or $6,802 after the 30% federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average Thompsonville homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a solid investment. The average homeowner in Thompsonville can save about $22,000 on their energy bills over 20 years.

To get a free quote from a vetted solar company in Thompsonville, you can click the button below.

Solar savings over time in Thompsonville

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 Thompsonville

Trying to install solar panels yourself can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. Some solar installers, particularly local ones, can help you take advantage of incentives in Thompsonville, therefore optimizing your ROI.

If you're searching for a solar company in Thompsonville, the EcoWatch team has put together a list of our top suggestions here:

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

Tesla Energy

★★★★★
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 Thompsonville

Factors that Affect Solar Panel Costs in Thompsonville

Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Thompsonville: 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

The size of the solar system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,800. The solar equipment you choose can increase or decrease your cost 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. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Thompsonville average.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Thompsonville, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Thompsonville, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may come across national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 $22,304 8.9 years
8 kW $2.86 $15,994 $30,052 8.7 years
10 kW $2.80 $19,600 $37,957 8.5 years
12 kW $2.74 $23,050 $46,019 8.3 years
14 kW $2.69 $26,342 $54,237 8.2 years
16 kW $2.63 $29,478 $62,613 8.0 years
18 kW $2.58 $32,458 $71,145 7.8 years
20 kW $2.52 $35,280 $79,834 7.7 years

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you peruse their list of offerings before making your decision.
  • Reputation: Your solar installer should have a solid reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
  • Contract: Before signing a contract with a solar installer, make sure you read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Warranty: Each company may 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

Tesla Energy

★★★★★
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 Thompsonville, CT Solar Cost FAQs

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

The average cost of solar panels in Thompsonville is about $14,000 for a 5-kW system and $28,000 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider in addition to cost when buying solar panels?

Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase your property value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Thompsonville is currently $190,400, which means you could be looking at a value of about $7,806 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Thompsonville is a rewarding investment.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home uses 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 household 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.

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