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 solar panels 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.
These figures are just estimates, and how much solar costs for you will most likely vary based on the amount of energy your home requires and what company you want to go with.Despite the significant upfront cost, the average Wilton homeowner can save around $16,000 on their energy bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
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
Installing solar panels on your own can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. Some solar companies, particularly local ones, can help you make the most of incentives in Wilton, thereby optimizing your ROI.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Wilton
Factors that Affect Solar Panel Costs in Wilton
For many Wilton homeowners, the decision to go solar comes down to 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 few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $3,800. The solar equipment you choose can increase or decrease your cost 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 energy bills. Additionally, add-on products, like solar batteries, can bring your total well above the Wilton average.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are a popular option because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.When estimating your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you select will impact your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Wilton know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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 | $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
The solar installer you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should keep in mind, including:
- 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 completed and what the project timeline is.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar companies 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 opt for.
EcoWatch's Wilton, ME Solar Cost FAQs
What is the average cost of installing solar panels in Wilton?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $19,000 for a 5-kW system and $38,000 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Are solar panels free in Wilton?
A solar panel system isn’t free in Wilton, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Is it worth going solar in Wilton?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home requires 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 home 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.