Solar Panel Cost Guide in Pascoag, RI (Nov 2022)

  • Pascoag Solar Installation Cost: $8,270
  • 25-Year Savings: $14,470
  • Payback Period: 9.1 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Pascoag

Find out what the average cost of solar panel installation is in Pascoag.

Although the national average of solar panels is $2.66 per watt, solar panels in Pascoag generally cost around $3. To cover the typical energy usage of the average home in Pascoag, most homeowners require a 4.2-kilowatt system. Using the figure above, a solar installation costs around $8,270, or $6,120 after the federal solar tax credit of 30% is applied.

Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of solar system you want to get, your solar contractor and more. But, once you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on electricity bills.

You can click the button below to get connected with a top solar company in Pascoag that can help you get a more accurate cost estimate for your home.

Solar savings over time in Pascoag

Year Return on Investment
1 years $-7,360
3 years $-5,541
5 years $-3,722
7 years $-1,903
9 years $-84
11 years $1,736
13 years $3,555
15 years $5,374
17 years $7,193
19 years $9,013
21 years $10,832
23 years $12,651
25 years $14,470

Top Solar Installers in Pascoag

Although you can install solar panels yourself, it involves extra effort and expertise. That's why almost all homeowners choose to go with a solar panel installer. Another upside of working with a solar company is that they can help you maximize your investment by lowering your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.

There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:

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

Tesla Energy

★★★★★
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 Pascoag

Factors that Affect Solar Panel Costs in Pascoag

For many Pascoag homeowners, the decision to install solar panels 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 several factors that greatly influence the price you'll pay, which we'll go over below.

Solar Equipment

The size of the solar energy system you need for your household is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,840. The kind of solar equipment you choose can bring your price up or down 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, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Pascoag average.

Solar Financing Terms

If paying for a solar system in cash is difficult, solar loans are a solid option because they lower your upfront costs and let you pay for your system over five to seven years on average. However, the interest on solar loans also increases your total costs, so it's vital to take that into consideration as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Pascoag is the company you choose to install your solar panel system. As with choosing a company to install new cabinets, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Additionally, some companies in Pascoag know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you 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 $20,371 9.5 years
8 kW $2.90 $16,222 $27,479 9.3 years
10 kW $2.84 $19,880 $34,746 9.1 years
12 kW $2.78 $23,379 $42,173 8.9 years
14 kW $2.73 $26,719 $49,758 8.7 years
16 kW $2.67 $29,900 $57,503 8.6 years
18 kW $2.61 $32,921 $65,406 8.4 years
20 kW $2.56 $35,784 $73,469 8.2 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 brands and price points. To help you pick the right company for you, here are some tips to keep in mind:

  • Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer's reputation is by reading reviews.
  • Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before making your decision.
  • Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand what services your solar company will provide and the terms of the warranty.

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

Tesla Energy

★★★★★
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 Pascoag, RI Solar Cost FAQs

How much does it cost to install solar panels in Pascoag?

The average cost of solar panels in Pascoag 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 use.

Are solar panels free in Pascoag?

Solar panels aren't free in Pascoag, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.

How will having solar panels impact my home value?

Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy usage and how much 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 buy between 20 and 35 panels to account for 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.

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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