Solar Panel Cost Guide in Woodbridge, CT (2023 Update)
- Woodbridge Solar Installation Cost: $8,879
- 25-Year Savings: $21,481
- Payback Period: 7.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Woodbridge
Here's how much it might cost to switch to solar power in Woodbridge.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Woodbridge, the typical cost of a solar system is 2.8 per watt. Using this figure, a typical 4.5-kW system would cost about $8,879 before the 30% federal solar tax credit is applied.
These figures are only estimates, and how much solar costs for you may vary based on the amount of energy your home requires and what company you go with. Despite the significant upfront cost, the average Woodbridge homeowner can save about $25,000 on their electricity bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a vetted solar company in Woodbridge for a quote for your home.
Solar savings over time in Woodbridge
| Year | Return on Investment |
|---|---|
| 1 years | $-7,664 |
| 3 years | $-5,236 |
| 5 years | $-2,807 |
| 7 years | $-378 |
| 9 years | $2,051 |
| 11 years | $4,479 |
| 13 years | $6,908 |
| 15 years | $9,337 |
| 17 years | $11,766 |
| 19 years | $14,195 |
| 21 years | $16,623 |
| 23 years | $19,052 |
| 25 years | $21,481 |
Top Solar Installers in Woodbridge
Many homeowners decide to use a solar installation company since figuring out how to install solar panels by yourself can be time-consuming. Plus, if you're not certain what type of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
You can get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Woodbridge:
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 Woodbridge
Factors that Affect Solar Panel Costs in Woodbridge
While the average cost of a solar system in Woodbridge is $8,879, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Woodbridge, 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 more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Woodbridge to be too steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher 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
The solar installer you hire to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Woodbridge, and each can charge varying amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional 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 | $2.91 | $12,230 | $28,003 | 7.6 years |
| 8 kW | $2.86 | $15,994 | $37,651 | 7.5 years |
| 10 kW | $2.80 | $19,600 | $47,456 | 7.3 years |
| 12 kW | $2.74 | $23,050 | $57,418 | 7.2 years |
| 14 kW | $2.69 | $26,342 | $67,536 | 7.0 years |
| 16 kW | $2.63 | $29,478 | $77,812 | 6.9 years |
| 18 kW | $2.58 | $32,458 | $88,244 | 6.7 years |
| 20 kW | $2.52 | $35,280 | $98,833 | 6.6 years |
How to Save on Solar Panels
There are many companies to choose from in Woodbridge, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most 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.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
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 Woodbridge, CT Solar Cost FAQs
How much does it cost to install solar panels in Woodbridge?
This is a tough question to answer precisely, because the cost depends on a few different 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 other 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 cheaper solar panels.
Should I lease or buy solar panels in Woodbridge?
Leasing solar panels can be an attractive choice, as it often 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Woodbridge, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for 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 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.