Solar Panel Cost Guide in Wilton, ME (2024 Update)
- Wilton Solar Installation Cost: $14,955
- 25-Year Savings: $12,346
- Payback Period: 15.9 Years
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Average Cost of Solar Panels in Wilton
Let’s have a look at the average cost of solar in Wilton.
The average cost of a solar system in Wilton is 4 per watt.Using this figure, a typical 5.6-kW system would cost about $14,955 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar will differ based on your household energy needs, the type of solar system you choose, your solar contractor and more.Despite the significant upfront cost, the average Wilton homeowner can save about $16,000 on their electricity bills over 20 years, which is one of the positives of solar.
Click the button below to get connected to a top solar installer in Wilton for a customized quote.
Solar savings over time in Wilton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,816 |
| 3 years | $-11,540 |
| 5 years | $-9,263 |
| 7 years | $-6,987 |
| 9 years | $-4,710 |
| 11 years | $-2,434 |
| 13 years | $-157 |
| 15 years | $2,119 |
| 17 years | $4,396 |
| 19 years | $6,672 |
| 21 years | $8,948 |
| 23 years | $11,225 |
| 25 years | $13,501 |
Top Solar Installers in Wilton
Many homeowners choose to use a solar installation company since installing solar panels yourself can be challenging. The payback period on a solar system will vary depending on factors like your location and energy usage, but working with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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
For many Wilton homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Wilton, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Wilton, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past power bills. Your overall cost can increase by about $3,800 for each additional kilowatt you need.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, like solar batteries, can bring your total well above the Wilton average.
Solar Financing Terms
Most solar installers in Wilton have solar loans, which reduce the initial cost of installing solar panels.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’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to solar energy can play a part in your total costs. There are about 3 solar installation companies in Wilton, and each can charge different amounts for labor and equipment.Larger national companies usually have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $3.95 | $16,598 | $8,464 | 16.6 years |
| 8 kW | $3.88 | $21,706 | $11,711 | 16.2 years |
| 10 kW | $3.80 | $26,600 | $15,170 | 15.9 years |
| 12 kW | $3.72 | $31,282 | $18,843 | 15.6 years |
| 14 kW | $3.65 | $35,750 | $22,728 | 15.3 years |
| 16 kW | $3.57 | $40,006 | $26,826 | 15.0 years |
| 18 kW | $3.50 | $44,050 | $31,137 | 14.6 years |
| 20 kW | $3.42 | $47,880 | $35,661 | 14.3 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 efficiency, production, and durability, it’s important to select the right ones for you. Here are some things 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, such as when the site survey will be completed and how long it will take.
- Contract: Before signing a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: If you’re concerned about the longevity of your solar system, making sure your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity 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 National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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?
The average cost of solar panels in Wilton is about $19,000 for a 5-kW system and $38,000 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Wilton?
You can’t get solar panels for free in Wilton. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Wilton?
Solar panels can be a great investment for most 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 fairly low, solar panels might not be for you.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption 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 get between 20 and 35 panels to account for 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.