Solar Panel Cost Guide in Central Falls, RI (Oct 2022)

  • Central Falls Solar Installation Cost: $8,270
  • 25-Year Savings: $13,677
  • Payback Period: 9.4 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Central Falls

See how much it might cost to make the switch to solar in Central Falls.

The national average cost of solar panels is $2.66 per watt, but in Central Falls it's $3 per watt. The average solar panel system size in Central Falls is around 4.2 kilowatts, meaning a cost of about $8,270 for a solar installation, or $6,120 after the 30% federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy needs, the type of solar panels you want, your solar contractor and more. With typical savings of about $20,000 on utility bills over 20 years, many homeowners in Central Falls find investing in solar can be quite rewarding.

To calculate your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Central Falls

Year Return on Investment
1 years $-7,392
3 years $-5,636
5 years $-3,881
7 years $-2,125
9 years $-369
11 years $1,386
13 years $3,142
15 years $4,898
17 years $6,654
19 years $8,409
21 years $10,165
23 years $11,921
25 years $13,677

Top Solar Installers in Central Falls

Installing solar panels by yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. Some solar companies, especially local ones, can help you make the most of incentives in Central Falls, optimizing your ROI.

If you're on the hunt for a solar installer in Central Falls, the EcoWatch team has organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • 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

The Green Panel

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Central Falls

Factors that Affect Solar Panel Costs in Central Falls

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 Central Falls: 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 Size

The size of the system you need is one of the largest factors that determines the overall cost of going solar. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. There are many different solar panel brands and the one you choose also affects the cost. In general, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Many homeowners find the average cost of solar in Central Falls to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.

Solar Panel Installation Company

The final major cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Central Falls, you'll have many options to choose from, but each comes at different price points for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.

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 $19,227 9.8 years
8 kW $2.90 $16,222 $25,954 9.6 years
10 kW $2.84 $19,880 $32,840 9.4 years
12 kW $2.78 $23,379 $39,885 9.2 years
14 kW $2.73 $26,719 $47,090 9.1 years
16 kW $2.67 $29,900 $54,453 8.9 years
18 kW $2.61 $32,921 $61,975 8.7 years
20 kW $2.56 $35,784 $69,657 8.5 years

Solar Incentives in Central Falls

Name Rhode Island C-PACE program
Incentive Amount
Website Visit here
More Info Click here

Name Renewable Energy Products Sales and Use Tax Exemption
Incentive Amount 100% exemption
Website Visit here
More Info Click here

Name Property Tax Exemption for Renewable Energy Equipment
Website Visit here
More Info Click here

Name Local Option - Property Tax Exemption for Renewable Energy Systems
More Info Click here

Name Small Scale Solar Grants (Commerce RI)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:

  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
  • Warranty: If you're concerned about the longevity of your solar system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline rebates and warranties.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • 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

The Green Panel

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Central Falls, RI Solar Cost FAQs

What is the average cost of installing solar panels in Central Falls?

The average cost of solar panels in Central Falls is about $14,200 for a 5-kW system and $28,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.

Can you get solar panels for free in Central Falls?

You can't get solar panels for free in Central Falls. 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 rather own your solar panels, you can finance them with a solar loan.

Does Central Falls have a net metering program?

Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future power bills.

What solar power system size is right for 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 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.

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