Solar Panel Cost Guide in Clayton, DE (Mar 2023)
- Clayton Solar Installation Cost: $11,883
- 25-Year Savings: $19,967
- Payback Period: 9.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Clayton
See how much it might cost to install solar panels in Clayton.
The average cost of solar panels in Clayton is 2.58 per watt. Using this figure, a typical 6.6-kW system would cost about $11,883 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Clayton based on several factors, such as the kind of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $18,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a personalized quote.
Solar savings over time in Clayton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,609 |
| 3 years | $-8,061 |
| 5 years | $-5,513 |
| 7 years | $-2,965 |
| 9 years | $-417 |
| 11 years | $2,131 |
| 13 years | $4,679 |
| 15 years | $7,227 |
| 17 years | $9,775 |
| 19 years | $12,323 |
| 21 years | $14,871 |
| 23 years | $17,419 |
| 25 years | $19,967 |
Top Solar Installers in Clayton
Although it's possible to install solar panels by yourself, it takes extra time and expertise. That's why the majority of homeowners choose a solar panel installer. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
Working with a professional solar installer can help you make the most of your investment in solar. Here are our recommendations:
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
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 Clayton
Factors that Affect Solar Panel Costs in Clayton
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that determine your overall cost in Clayton: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are available from most installers in Clayton, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable. Although solar loans make going solar more accessible for Clayton homeowners, they can also increase 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
Lastly, the company you opt for to install your solar panel system can affect how much it costs. Clayton's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Clayton are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.68 | $11,269 | $17,765 | 9.7 years |
| 8 kW | $2.63 | $14,737 | $23,976 | 9.5 years |
| 10 kW | $2.58 | $18,060 | $30,331 | 9.3 years |
| 12 kW | $2.53 | $21,239 | $36,831 | 9.1 years |
| 14 kW | $2.48 | $24,273 | $43,475 | 9.0 years |
| 16 kW | $2.43 | $27,162 | $50,264 | 8.8 years |
| 18 kW | $2.37 | $29,907 | $57,197 | 8.6 years |
| 20 kW | $2.32 | $32,508 | $64,274 | 8.4 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- Contract: Read the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Solar Panel Brands: The model of solar panel you'd like to install plays a part in which company you should choose, since different companies provide different panels.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Clayton, DE Solar Cost FAQs
What is the average cost of installing solar panels in Clayton?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $12,900 for a 5-kW system and $25,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Clayton?
Leasing solar panels can be an attractive choice, as it typically 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 get the most savings.
Can solar panels completely eradicate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Clayton, 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 long do solar panels last in Clayton?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.