Solar Panel Cost Guide in Wilton, ME (2023 Update)
- Wilton Solar Installation Cost: $11,133
- 25-Year Savings: $12,351
- Payback Period: 11.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wilton
Let's have a look at the average cost of solar in Wilton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wilton, the average cost of a solar system is 2.83 per watt. To cover the typical energy usage of the average home in Wilton, most homeowners require a 5.6-kilowatt system. Using the figure above, a solar installation costs around $11,133, or $15,920 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of going solar can vary based on a few factors, such as what size system you need, your energy usage and what installation company you go with. With typical savings of about $16,000 on energy bills over 20 years, many homeowners in Wilton find installing solar panels can be quite rewarding.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Wilton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,194 |
| 3 years | $-8,315 |
| 5 years | $-6,436 |
| 7 years | $-4,558 |
| 9 years | $-2,679 |
| 11 years | $-800 |
| 13 years | $1,078 |
| 15 years | $2,957 |
| 17 years | $4,836 |
| 19 years | $6,714 |
| 21 years | $8,593 |
| 23 years | $10,472 |
| 25 years | $12,351 |
Top Solar Installers in Wilton
Putting up solar panels yourself can be a dangerous undertaking, which is why getting a solar installation company is a good option for many homeowners. Some solar installers, especially local ones, can help you make the most of incentives in Wilton, optimizing your ROI.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers near you:
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 Wilton
Factors that Affect Solar Panel Costs in Wilton
The cost of installing a solar system in Wilton can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The type of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than 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 for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Wilton, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar company you pick will influence 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 come at a higher cost. It's best to do some research and choose a company that provides the products, warranties and services you want and also fits 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 | $2.94 | $12,361 | $12,701 | 12.3 years |
| 8 kW | $2.89 | $16,165 | $17,251 | 12.1 years |
| 10 kW | $2.83 | $19,810 | $21,960 | 11.9 years |
| 12 kW | $2.77 | $23,297 | $26,828 | 11.6 years |
| 14 kW | $2.72 | $26,625 | $31,854 | 11.4 years |
| 16 kW | $2.66 | $29,794 | $37,038 | 11.1 years |
| 18 kW | $2.60 | $32,805 | $42,381 | 10.9 years |
| 20 kW | $2.55 | $35,658 | $47,883 | 10.7 years |
How to Save on Solar Panels
There are many companies to choose from in Wilton, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When reading through your solar installer'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 component breaking or the company going out of business.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
- Solar Panel Brands: The kind of solar panel you'd like plays a role in which company you should opt for, since different companies offer different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two 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 positive reviews from previous customers.
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 Wilton, ME Solar Cost FAQs
How much does it cost to install solar panels in Wilton?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $14,150 for a 5-kW system and $28,300 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 above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
The upfront cost is a crucial 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 keep in mind are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
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 higher amount 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.