Solar Panel Cost Guide in Danbury, OH (2023 Update)
- Danbury Solar Installation Cost: $13,619
- 25-Year Savings: $13,383
- Payback Period: 12.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Danbury
Let's take a look at the average cost of solar panels in Danbury.
The average cost of a solar panel system in Danbury is 2.56 per watt. Since a 7.6-kW system is needed to cover the energy needs of a typical home in Danbury, the average price of going solar will be about $13,619 after claiming the federal solar tax credit of 30%.
Bear in mind that the figures above are only estimates based on the average Danbury homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. With typical savings of about $14,000 on power bills over 20 years, many homeowners in Danbury find going solar can be quite rewarding.
To receive a free quote from a top solar company in Danbury, you can click the button below.
Solar savings over time in Danbury
| Year | Return on Investment |
|---|---|
| 1 years | $-12,539 |
| 3 years | $-10,379 |
| 5 years | $-8,219 |
| 7 years | $-6,059 |
| 9 years | $-3,898 |
| 11 years | $-1,738 |
| 13 years | $422 |
| 15 years | $2,582 |
| 17 years | $4,742 |
| 19 years | $6,902 |
| 21 years | $9,062 |
| 23 years | $11,223 |
| 25 years | $13,383 |
Top Solar Installers in Danbury
Although it's possible to install solar panels yourself, it takes extra energy and handiness. Because of that, most homeowners choose to go with a solar panel installer. The expertise that solar companies offer can be useful as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
See all of the solar companies in Danbury
Factors that Affect Solar Panel Costs in Danbury
For many Danbury homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Danbury, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your home, 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 $2,560. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Danbury provide solar loans, which reduce the initial cost of installing a solar system. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $2.66 | $11,182 | $10,143 | 13.1 years |
| 8 kW | $2.61 | $14,623 | $13,811 | 12.9 years |
| 10 kW | $2.56 | $17,920 | $17,623 | 12.6 years |
| 12 kW | $2.51 | $21,074 | $21,577 | 12.4 years |
| 14 kW | $2.46 | $24,084 | $25,675 | 12.1 years |
| 16 kW | $2.41 | $26,952 | $29,916 | 11.8 years |
| 18 kW | $2.36 | $29,676 | $34,301 | 11.6 years |
| 20 kW | $2.30 | $32,256 | $38,829 | 11.3 years |
How to Save on Solar Panels
The solar panel company you opt for will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies offer different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
Best Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Warranty Coverage
Sunpro Solar
- Industry-leading warranty coverage
- Expansive service area
- Some reported communication issues
- No leases or PPAs
EcoWatch's Danbury, OH Solar Cost FAQs
How much does it cost to install solar panels in Danbury?
The average cost of solar panels in Danbury is about $12,800 for a 5-kW system and $25,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider aside from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Does Danbury have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Danbury?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can decide to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.