Solar Panel Cost Guide in Pascoag, RI (2023 Update)
- Pascoag Solar Installation Cost: $8,276
- 25-Year Savings: $14,465
- Payback Period: 9.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pascoag
Find out how much it might cost to go solar in Pascoag.
The national average cost of solar panels is $2.66 per watt, but in Pascoag it's 2.84 per watt. To cover the typical energy needs 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.
The actual price you pay can be above or below the average in Pascoag based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. For most homeowners, the upfront cost of solar power is worth paying. On average you could be looking at about $21,000 in savings on utility bills over 20 years.
To get a free estimate from a top solar company in Pascoag, you can click the button below.
Solar savings over time in Pascoag
| Year | Return on Investment |
|---|---|
| 1 years | $-8,200 |
| 3 years | $-8,048 |
| 5 years | $-7,897 |
| 7 years | $-7,745 |
| 9 years | $-7,594 |
| 11 years | $-7,442 |
| 13 years | $-7,290 |
| 15 years | $-7,139 |
| 17 years | $-6,987 |
| 19 years | $-6,836 |
| 21 years | $-6,684 |
| 23 years | $-6,532 |
| 25 years | $-6,381 |
Top Solar Installers in Pascoag
Many homeowners decide to use a solar installation company since trying to put up solar panels yourself can be a lot of work. Some solar installers, particularly local ones, can help you make the most of incentives in Pascoag, optimizing your ROI.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Pascoag
Factors that Affect Solar Panel Costs in Pascoag
For many Pascoag homeowners, the decision to install a solar energy system 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 numerous factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. 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 brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Pascoag have solar loans, which reduce the initial cost of installing a solar system. You'll have to consider the long-term cost of loans, including the total 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Pascoag, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. The company's size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
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.