Solar Panel Cost Guide in Glocester, RI (Mar 2023)
- Glocester Solar Installation Cost: $8,270
- 25-Year Savings: $14,153
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Glocester
Here's how much it might cost to make the switch to solar in Glocester.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Glocester, the average cost of solar panels is 2.84 per watt. The average Glocester 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 averages, and the cost of going solar for you will most likely look different based on your specific situation and what company you want to go with. Even with the significant upfront cost, the average Glocester homeowner can save about $20,000 on their energy bills over 20 years, which is one of the perks of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Glocester
| Year | Return on Investment |
|---|---|
| 1 years | $-7,373 |
| 3 years | $-5,579 |
| 5 years | $-3,786 |
| 7 years | $-1,992 |
| 9 years | $-198 |
| 11 years | $1,596 |
| 13 years | $3,390 |
| 15 years | $5,184 |
| 17 years | $6,977 |
| 19 years | $8,771 |
| 21 years | $10,565 |
| 23 years | $12,359 |
| 25 years | $14,153 |
Top Solar Installers in Glocester
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be hard. The payback period of solar panels will vary based on factors like your roof configuration and energy consumption, but going with a solar company can help you reach a break-even point sooner. Your provider will be able to help you apply for incentives available in your area.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Technology
Tesla Energy
- 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
See all of the solar companies in Glocester
Factors that Affect Solar Panel Costs in Glocester
There are a number of criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, 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 principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The final major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Glocester, you'll have many options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Glocester have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 | $2.95 | $12,405 | $19,913 | 9.6 years |
| 8 kW | $2.90 | $16,222 | $26,869 | 9.4 years |
| 10 kW | $2.84 | $19,880 | $33,984 | 9.2 years |
| 12 kW | $2.78 | $23,379 | $41,258 | 9.0 years |
| 14 kW | $2.73 | $26,719 | $48,691 | 8.9 years |
| 16 kW | $2.67 | $29,900 | $56,283 | 8.7 years |
| 18 kW | $2.61 | $32,921 | $64,034 | 8.5 years |
| 20 kW | $2.56 | $35,784 | $71,944 | 8.3 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Glocester, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It's important to read through your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
Best Technology
Tesla Energy
- 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
EcoWatch's Glocester, RI Solar Cost FAQs
How much does it cost to install solar panels in Glocester?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,200 for a 5-kW system and $28,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Glocester?
You can't get solar panels for free in Glocester. 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 want to own your solar panels, you can finance them with a solar loan.
Does Glocester 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 electricity bills.
How long do solar panels last in Glocester?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had 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.