Solar Panel Cost Guide in Charlestown, RI (Feb 2023)
- Charlestown Solar Installation Cost: $7,853
- 25-Year Savings: $14,094
- Payback Period: 9.0 Years
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Top Solar Installers in Charlestown
Although you can install solar panels by yourself, it involves extra energy and handiness. For that reason, almost all homeowners choose to hire a solar panel installer. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for your home.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
See all of the solar companies in Charlestown
Factors that Affect Solar Panel Costs in Charlestown
The cost of installing a solar system in Charlestown can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
The size of the solar 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, your total will most likely increase by nearly $2,840. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Charlestown average.
Solar Financing Terms
Many homeowners find the average cost of solar in Charlestown to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time due to interest. However, the interest on solar loans also increases your all-in costs, so it's vital to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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||$20,906||9.3 years|
|8 kW||$2.90||$16,222||$28,193||9.1 years|
|10 kW||$2.84||$19,880||$35,639||9.0 years|
|12 kW||$2.78||$23,379||$43,244||8.8 years|
|14 kW||$2.73||$26,719||$51,008||8.6 years|
|16 kW||$2.67||$29,900||$58,931||8.4 years|
|18 kW||$2.61||$32,921||$67,013||8.2 years|
|20 kW||$2.56||$35,784||$75,254||8.1 years|
How to Save on Solar Panels
The solar installer you go with will affect 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 keep in mind, including:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. 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 make sure you peruse their list of offerings before making your decision.
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
EcoWatch's Charlestown, RI Solar Cost FAQs
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.