Solar Panel Cost Guide in Pascoag, RI (2025 Update)
- Pascoag Solar Installation Cost: $11,860
- 25-Year Savings: $14,465
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Pascoag
Let’s have a look at the average cost of solar panels in Pascoag.
The national average cost of solar panels is $2.66 per watt, but in Pascoag it’s 4 per watt.The average Pascoag homeowner needs a 4.2-kilowatt system, which would cost about $11,860 with the federal tax credit, or $16,960 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The true cost of installing solar panels can vary quite a bit based on multiple factors, such as what size system you need, your energy usage and what company you go with.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Pascoag see about $21,000 in savings on energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Pascoag
| Year | Return on Investment |
|---|---|
| 1 years | $-10,329 |
| 3 years | $-7,267 |
| 5 years | $-4,205 |
| 7 years | $-1,143 |
| 9 years | $1,919 |
| 11 years | $4,981 |
| 13 years | $8,043 |
| 15 years | $11,105 |
| 17 years | $14,168 |
| 19 years | $17,230 |
| 21 years | $20,292 |
| 23 years | $23,354 |
| 25 years | $26,416 |
Top Solar Installers in Pascoag
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your swap to solar power much easier. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Pascoag
Factors that Affect Solar Panel Costs in Pascoag
For many Pascoag homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Pascoag, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Pascoag average.
Solar Financing Terms
Most solar companies in Pascoag offer solar loans, which reduce the initial cost of installing solar panels.Though solar loans make switching to solar energy more accessible for Pascoag homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Pascoag have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $4.23 | $17,778 | $14,998 | 13.6 years |
| 8 kW | $4.15 | $23,248 | $20,453 | 13.3 years |
| 10 kW | $4.07 | $28,490 | $26,136 | 13.0 years |
| 12 kW | $3.99 | $33,504 | $32,047 | 12.8 years |
| 14 kW | $3.91 | $38,291 | $38,186 | 12.5 years |
| 16 kW | $3.83 | $42,849 | $44,553 | 12.3 years |
| 18 kW | $3.74 | $47,179 | $51,148 | 12.0 years |
| 20 kW | $3.66 | $51,282 | $57,971 | 11.7 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
EcoWatch's Pascoag, RI Solar Cost FAQs
What is the average cost of installing solar panels in Pascoag?
The average cost of solar panels in Pascoag is about $20,350 for a 5-kW system and $40,700 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider apart from cost when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase your property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Pascoag is currently $456,941, which means you could be looking at a value of about $18,735 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Pascoag is a worthwhile investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can 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.