Solar Panel Cost Guide in Woodstock, CT (2024 Update)
- Woodstock 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 Woodstock
Find out what the average cost of a solar system is in Woodstock.
The national average cost of solar panels is $2.66 per watt, but in Woodstock it’s 4 per watt.Using this figure, a typical 4.7-kW system would cost about $12,271 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Woodstock homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a solid investment. The average homeowner in Woodstock can save around $22,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar company in Woodstock for a personalized quote.
Solar savings over time in Woodstock
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 Woodstock
When switching to solar energy, many homeowners decide to use a solar installation company since DIY solar panel installation can be a difficult project. Another great thing about using a reputable solar installer is that it'll usually provide warranties and free repairs, which help protect your solar system over time.
If you’d like to go solar but still aren’t certain which solar installer to go with, here are our recommendations for providers nearby:
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 Woodstock
Factors that Affect Solar Panel Costs in Woodstock
Even though the average cost of a solar system in Woodstock is $12,271, your final cost may be above or below the average. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar panel system in Woodstock, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $3,750 for each additional kilowatt you need.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Woodstock, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Woodstock homeowners decide to finance their solar panel systems to make paying for solar more affordable.It’s a good idea to factor 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 how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installer you pick will play a role in your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.Companies that only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the company that offers the products, warranties and services you’re looking for and also is within 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 | $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
There are a lot of companies available in Woodstock, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Warranty: If you’re worried about the endurance of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
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 Woodstock, CT Solar Cost FAQs
What is the average cost of installing solar panels in Woodstock?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $18,750 for a 5-kW system and $37,500 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 above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is a very important 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 take into account are the quality and durability of your solar panels.
Do solar panels increase your home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.