Solar Panel Cost Guide in Willimantic, CT (2024 Update)
- Willimantic Solar Installation Cost: $12,271
- 25-Year Savings: $17,857
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Willimantic
Let’s have a look at the average cost of solar panels in Willimantic.
Although the national average of solar panels is $2.66 per watt, solar panels in Willimantic typically cost about 4.To cover the typical energy usage of the average home in Willimantic, most homeowners require a 4.7-kilowatt system. Using the per-watt figure above, a solar installation costs about $12,271, or $17,548 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more.For most homeowners, the upfront cost of solar is worth paying. On average homeowners in Willimantic see about $22,000 in savings on energy bills over 20 years.
To receive a free quote from a top solar installer in Willimantic, you can click the button below.
Solar savings over time in Willimantic
Year | Return on Investment |
---|---|
1 years | $-10,427 |
3 years | $-6,739 |
5 years | $-3,051 |
7 years | $637 |
9 years | $4,325 |
11 years | $8,013 |
13 years | $11,701 |
15 years | $15,389 |
17 years | $19,077 |
19 years | $22,765 |
21 years | $26,453 |
23 years | $30,141 |
25 years | $33,829 |
Top Solar Installers in Willimantic
Many homeowners opt for a solar panel installer since trying to install solar panels yourself can be a lot of work. The payback period on an investment in solar panels will vary depending on factors like your location and energy use, but working with a solar company can shorten it. Your provider will be able to help you get the most out of incentives available in your area.
If you're looking for a solar installer in Willimantic, we've compiled 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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Willimantic
Factors that Affect Solar Panel Costs in Willimantic
While the average cost of a solar system in Willimantic is $12,271, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend about $3,750 per kilowatt in Willimantic.The type of solar panels and equipment you want is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than 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 searching for a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Willimantic, which can lower, or in some cases totally eliminate, your upfront costs to make solar more affordable.Even though solar loans make adopting solar energy more accessible for Willimantic homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor.The size of the company can sometimes play the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to more resources and bulk 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 | $3.90 | $16,380 | $18,301 | 11.8 years |
8 kW | $3.83 | $21,420 | $24,821 | 11.6 years |
10 kW | $3.75 | $26,250 | $31,551 | 11.4 years |
12 kW | $3.67 | $30,870 | $38,491 | 11.1 years |
14 kW | $3.60 | $35,280 | $45,641 | 10.9 years |
16 kW | $3.52 | $39,480 | $53,001 | 10.7 years |
18 kW | $3.45 | $43,470 | $60,572 | 10.4 years |
20 kW | $3.38 | $47,250 | $68,352 | 10.2 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: If you’re worried about the longevity of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Contract: When looking through your solar company’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Willimantic, CT Solar Cost FAQs
What is the average cost of installing solar panels in Willimantic?
This is a difficult question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $18,750 for a 5-kW system and $37,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In places 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 switching to solar power worth it?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can 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 install between 20 and 35 panels to cover 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.