Solar Panel Cost Guide in Tolland, CT (2024 Update)
- Tolland Solar Installation Cost: $12,322
- 25-Year Savings: $17,819
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Tolland
Let’s take a look at the average cost of solar in Tolland.
Although the national average of solar panels is $2.66 per watt, solar panels in Tolland typically cost about 4.To account for the typical energy usage of the average home in Tolland, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs around $12,322, or $17,620 before the federal solar tax credit of 0 is applied.
These figures are only averages, and your own solar costs will most likely look different based on your specific situation and what company you go with.Many homeowners find installing a solar system is a solid investment. The average homeowner in Tolland can save about $22,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Tolland
| Year | Return on Investment |
|---|---|
| 1 years | $-10,478 |
| 3 years | $-6,790 |
| 5 years | $-3,102 |
| 7 years | $586 |
| 9 years | $4,274 |
| 11 years | $7,962 |
| 13 years | $11,650 |
| 15 years | $15,338 |
| 17 years | $19,026 |
| 19 years | $22,714 |
| 21 years | $26,402 |
| 23 years | $30,090 |
| 25 years | $33,778 |
Top Solar Installers in Tolland
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be a lot of work. The payback period of solar panels will vary based on factors like your roof configuration and energy needs, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
If you're looking for a solar installer in Tolland, the EcoWatch team has put together a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Tolland
Factors that Affect Solar Panel Costs in Tolland
For many Tolland homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Tolland, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,750.The brand of solar panels and equipment you get is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, 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
If paying for solar panels out of pocket is out of reach, solar loans are a solid option because they decrease your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also increases your overall costs, so it’s vital to consider that as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Tolland, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.90 | $16,380 | $18,156 | 11.9 years |
| 8 kW | $3.83 | $21,420 | $24,629 | 11.6 years |
| 10 kW | $3.75 | $26,250 | $31,311 | 11.4 years |
| 12 kW | $3.67 | $30,870 | $38,203 | 11.2 years |
| 14 kW | $3.60 | $35,280 | $45,305 | 10.9 years |
| 16 kW | $3.52 | $39,480 | $52,617 | 10.7 years |
| 18 kW | $3.45 | $43,470 | $60,139 | 10.5 years |
| 20 kW | $3.38 | $47,250 | $67,872 | 10.3 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar company. See to it that you understand how the installation process works and the completion timeline.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Tolland, CT Solar Cost FAQs
How much does it cost to install solar panels in Tolland?
The average cost of solar panels in Tolland is about $18,750 for a 5-kW system and $37,500 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Tolland?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Tolland?
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 choose to replace them after having them for that long or you can continue to use 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.