Solar Panel Cost Guide in Wallingford, CT (Mar 2023)
- Wallingford Solar Installation Cost: $8,879
- 25-Year Savings: $20,112
- Payback Period: 7.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wallingford
We go over average solar pricing in Wallingford.
The average cost of a solar system in Wallingford is 2.8 per watt. To cover the typical energy needs of the average home in Wallingford, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $8,879, or $12,697 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of installing solar panels can vary depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $24,000 in savings on energy bills over 20 years.
To get a free estimate from a top solar installation company in Wallingford, you can click the button below.
Solar savings over time in Wallingford
| Year | Return on Investment |
|---|---|
| 1 years | $-7,719 |
| 3 years | $-5,400 |
| 5 years | $-3,081 |
| 7 years | $-761 |
| 9 years | $1,558 |
| 11 years | $3,877 |
| 13 years | $6,196 |
| 15 years | $8,516 |
| 17 years | $10,835 |
| 19 years | $13,154 |
| 21 years | $15,473 |
| 23 years | $17,792 |
| 25 years | $20,112 |
Top Solar Installers in Wallingford
Installing solar panels on your own can be a difficult project, which is why using a solar installation company is a good option for many homeowners. Plus, if you're not certain what brand of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar company in Wallingford, 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 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 Wallingford
Factors that Affect Solar Panel Costs in Wallingford
For many Wallingford homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Wallingford, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of solar panels in Wallingford, 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 gauge by looking at past power bills. Your total cost can increase by about $2,800 for each additional kilowatt you need. The type of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, 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 a solar system in cash is too expensive, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Although solar loans make adopting solar energy more accessible for Wallingford homeowners, they can also raise the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The last major cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Wallingford, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. The company's size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $26,189 | 8.0 years |
| 8 kW | $2.86 | $15,994 | $35,232 | 7.8 years |
| 10 kW | $2.80 | $19,600 | $44,432 | 7.7 years |
| 12 kW | $2.74 | $23,050 | $53,789 | 7.5 years |
| 14 kW | $2.69 | $26,342 | $63,302 | 7.3 years |
| 16 kW | $2.63 | $29,478 | $72,973 | 7.2 years |
| 18 kW | $2.58 | $32,458 | $82,800 | 7.0 years |
| 20 kW | $2.52 | $35,280 | $92,784 | 6.9 years |
How to Save on Solar Panels
The solar panel company you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Warranty: If you're concerned about the durability of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- 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.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
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 Wallingford, CT Solar Cost FAQs
What is the average cost of installing solar panels in Wallingford?
This is a hard question to answer exactly, because the cost depends on a variety of 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels eliminate my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Wallingford, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
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.