Solar Panel Cost Guide in Pascoag, RI (Mar 2023)
- Pascoag Solar Installation Cost: $8,270
- 25-Year Savings: $14,470
- Payback Period: 9.1 Years
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Updated March 14, 2023
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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 2.84. 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 $11,826 before 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 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 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, which is measured in kilowatts, 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 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 Pascoag, RI Solar Cost FAQs
How much does it cost to install solar panels in Pascoag?
This is a difficult question to answer exactly, because the cost depends on many 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 extra solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Pascoag?
You can't get solar panels for free in Pascoag. 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 prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,092.53 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 install 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.