Solar Panel Cost Guide in Burrillville, RI (2023 Update)
- Burrillville Solar Installation Cost: $8,270
- 25-Year Savings: $14,073
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Burrillville
We break down average solar pricing in Burrillville.
Although the national average of solar panels is $2.66 per watt, solar panels in Burrillville generally cost around 2.84. The average Burrillville homeowner needs a 4.2-kilowatt system, which would cost about $8,270 with the federal tax credit, or $11,826 before the 30% tax credit is applied.
These figures are only estimates, and your own solar costs may differ based on factors unique to your home and what company you want to go with. But, after you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $20,000 over 20 years on energy bills.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Burrillville
| Year | Return on Investment |
|---|---|
| 1 years | $-7,376 |
| 3 years | $-5,589 |
| 5 years | $-3,801 |
| 7 years | $-2,014 |
| 9 years | $-226 |
| 11 years | $1,561 |
| 13 years | $3,349 |
| 15 years | $5,136 |
| 17 years | $6,924 |
| 19 years | $8,711 |
| 21 years | $10,498 |
| 23 years | $12,286 |
| 25 years | $14,073 |
Top Solar Installers in Burrillville
Although you can install solar panels on your own, it involves extra energy and know-how. That's why most homeowners choose a solar panel installer. Solar installers offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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 Burrillville
Factors that Affect Solar Panel Costs in Burrillville
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that will push your cost above or below the average in Burrillville: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of solar panels in Burrillville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by around $2,840 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Burrillville homeowners choose to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the amount of 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 original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to estimate the cost of solar for your home or business in Burrillville is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services at different price points. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have 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 | $2.95 | $12,405 | $19,799 | 9.6 years |
| 8 kW | $2.90 | $16,222 | $26,717 | 9.4 years |
| 10 kW | $2.84 | $19,880 | $33,793 | 9.3 years |
| 12 kW | $2.78 | $23,379 | $41,029 | 9.1 years |
| 14 kW | $2.73 | $26,719 | $48,424 | 8.9 years |
| 16 kW | $2.67 | $29,900 | $55,978 | 8.7 years |
| 18 kW | $2.61 | $32,921 | $63,691 | 8.5 years |
| 20 kW | $2.56 | $35,784 | $71,563 | 8.3 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 find the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Burrillville, RI Solar Cost FAQs
How much does it cost to install solar panels in Burrillville?
The average cost of solar panels in Burrillville is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the real cost will depend on things like the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider other than cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Burrillville, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household 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.