Solar Panel Cost Guide in Wethersfield, CT (2023 Update)
- Wethersfield Solar Installation Cost: $9,201
- 25-Year Savings: $17,819
- Payback Period: 8.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wethersfield
Let's have a look at the average cost of solar in Wethersfield.
The average cost of solar panels in Wethersfield is 2.8 per watt. The average solar panel system size in Wethersfield is around 4.7 kilowatts, meaning a cost of about $9,192 for a solar installation, or $13,145 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Wethersfield homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Even with the significant initial cost, the average Wethersfield homeowner can save around $22,000 on their power bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Wethersfield
| Year | Return on Investment |
|---|---|
| 1 years | $-9,111 |
| 3 years | $-8,931 |
| 5 years | $-8,751 |
| 7 years | $-8,570 |
| 9 years | $-8,390 |
| 11 years | $-8,210 |
| 13 years | $-8,030 |
| 15 years | $-7,850 |
| 17 years | $-7,670 |
| 19 years | $-7,490 |
| 21 years | $-7,310 |
| 23 years | $-7,129 |
| 25 years | $-6,949 |
Top Solar Installers in Wethersfield
When making the switch to solar, many homeowners prefer to go with a solar company since installing a solar system yourself can be a difficult project. The expertise that solar installers offer can be useful as well, especially if you don't quite know what type of solar equipment you need.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some in Wethersfield:
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 Wethersfield
Factors that Affect Solar Panel Costs in Wethersfield
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Wethersfield: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Wethersfield, one of the most crucial 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 energy bills. Your total cost can increase by around $2,800 for each additional kilowatt you need. The model of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about 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 into a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Wethersfield homeowners decide to finance their solar panel systems to offset upfront costs. Even though solar loans make adopting solar energy more accessible for Wethersfield 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installation company you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can verify your installer's reputation is by reading reviews.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
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 Wethersfield, CT Solar Cost FAQs
What is the average cost of installing solar panels in Wethersfield?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 other 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 want a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Wethersfield?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
Does Wethersfield have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Wethersfield?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them once you've had 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.