Solar Panel Cost Guide in Torrington, CT (2023 Update)
- Torrington 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 Torrington
Let's have a look at the average cost of solar in Torrington.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Torrington, the typical cost of solar panels is 2.8 per watt. Using this figure, a typical 4.7-kW system would cost about $9,192 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of making the switch to solar can vary depending on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find installing a solar system is a solid investment. The average homeowner in Torrington can save about $22,000 on their power bills over 20 years.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Torrington
| 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 Torrington
Installing solar panels by yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. The expertise that solar installers provide can be useful as well, particularly if you aren't sure what type of solar equipment you need.
If you're searching for a solar company in Torrington, 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
See all of the solar companies in Torrington
Factors that Affect Solar Panel Costs in Torrington
There are several criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of solar panels in Torrington, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $2,800 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Torrington, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Torrington have solar loans, which reduce your upfront costs of installing a solar system. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Torrington is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services at different price points. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that provides the products, warranties and services you want and also fit into your budget.
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 | $54,238 | 8.2 years |
| 16 kW | $2.63 | $29,478 | $62,614 | 8.0 years |
| 18 kW | $2.58 | $32,458 | $71,146 | 7.8 years |
| 20 kW | $2.52 | $35,280 | $79,835 | 7.7 years |
How to Save on Solar Panels
There are a large number of companies available in Torrington, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, 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 operating for many years likely provide quality solar panel installation and expertise.
- Installation Process: When going solar, it's crucial to maintain an open line of communication with your solar company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Not all solar installers 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 hire.
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 Torrington, CT Solar Cost FAQs
What is the average cost of installing solar panels in Torrington?
The average cost of solar panels in Torrington 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Torrington?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.