Solar Panel Cost Guide in Saybrook, OH (2024 Update)
- Saybrook Solar Installation Cost: $18,687
- 25-Year Savings: $13,162
- Payback Period: 17.2 Years
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Average Cost of Solar Panels in Saybrook
Let’s take a look at the average cost of solar in Saybrook.
Although the national average of solar panels is $2.66 per watt, solar panels in Saybrook typically cost about 3.Because a 7.8-kW system is needed to cover the energy costs of a typical home in Saybrook, the average price of going solar will be about $18,687 after claiming the federal solar tax credit of 0.
The true cost of your system can be above or below the average in Saybrook depending on several factors, such as the model of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $13,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Saybrook for a customized estimate.
Solar savings over time in Saybrook
| Year | Return on Investment |
|---|---|
| 1 years | $-17,434 |
| 3 years | $-14,926 |
| 5 years | $-12,418 |
| 7 years | $-9,911 |
| 9 years | $-7,403 |
| 11 years | $-4,895 |
| 13 years | $-2,388 |
| 15 years | $120 |
| 17 years | $2,627 |
| 19 years | $5,135 |
| 21 years | $7,643 |
| 23 years | $10,150 |
| 25 years | $12,658 |
Top Solar Installers in Saybrook
Many homeowners opt for a solar installer since installing solar panels by yourself can be time-consuming. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by providing warranties and repairs.
If you’d like to make the switch to solar but still aren’t sure which solar company to go with, here are our suggestions for providers in Saybrook:
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Saybrook
Factors that Affect Solar Panel Costs in Saybrook
For many Saybrook homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Saybrook, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $3,410.The type of solar panels and equipment you want is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to think 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 researching a solar system that’s in your budget.
Solar Financing Terms
Most solar installers in Saybrook offer solar loans, which reduce your upfront costs of installing solar panels.However, the interest on solar loans also adds to your total costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installation company you pick will play a role in your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor.Additionally, some companies in Saybrook know more about local solar incentives and can help you take advantage of 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 help you save 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 | $3.55 | $14,895 | $5,944 | 17.9 years |
| 8 kW | $3.48 | $19,478 | $8,308 | 17.5 years |
| 10 kW | $3.41 | $23,870 | $10,862 | 17.2 years |
| 12 kW | $3.34 | $28,071 | $13,608 | 16.8 years |
| 14 kW | $3.27 | $32,081 | $16,544 | 16.5 years |
| 16 kW | $3.21 | $35,900 | $19,671 | 16.2 years |
| 18 kW | $3.14 | $39,529 | $22,989 | 15.8 years |
| 20 kW | $3.07 | $42,966 | $26,499 | 15.5 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Warranty: If you’re concerned about the longevity of your solar panels, ensuring your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: Though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking how long it's been in business and reading reviews by past customers and solar experts like EcoWatch.
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 Solar Financing
Blue Raven Solar
- Industry-leading in-house financing
- Competitive pricing
- Excellent reputation
- Doesn't offer solar batteries
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Saybrook, OH Solar Cost FAQs
How much does it cost to install solar panels in Saybrook?
The average cost of solar panels in Saybrook is about $17,050 for a 5-kW system and $34,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost 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 reasons for going solar. In cities 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.
Can you sell solar power back to the grid in Saybrook?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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 cover 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.