Solar Panel Cost Guide in Pascoag, RI (2024 Update)

  • Pascoag Solar Installation Cost: $11,860
  • 25-Year Savings: $14,465
  • Payback Period: 13.0 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Pascoag

Let’s have a look at the average cost of solar panels in Pascoag.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Pascoag, the typical cost of a solar system is 4 per watt.The average solar panel system size in Pascoag is around 4.2 kilowatts, meaning a cost of about $11,860 for a solar installation, or $16,960 before the 0 federal solar tax credit 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 panels you want, your solar contractor and more.Even with the large initial cost, the average Pascoag homeowner can save about $21,000 on their power bills over 20 years, which is one of the perks of solar.

Click the button below to get connected to a top solar installer in your area for a custom quote.

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

When going solar, many homeowners prefer to hire a solar installation company since DIY solar panel installation can be a time-consuming project. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance over the lifespan of your panels.

There are several licensed solar professionals that can install solar panels for you. 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 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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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 comes down to 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 number of factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the price of a solar panel system in Pascoag, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $4,070 for each additional kilowatt you need.The brand of solar panels and equipment you want is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Further, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking for a solar system that’s in your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Pascoag to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.Although solar loans make adopting solar energy more accessible for Pascoag homeowners, they can also add to 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 cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar installer you hire to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Pascoag, and each can charge varying amounts for labor and equipment.Additionally, some companies in Pascoag know more about local solar incentives and can help you take advantage of 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 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

There are numerous companies available in Pascoag, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:

  • Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
  • Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
  • Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
  • Contract: Although reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.

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 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

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • 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?

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 real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.

Is cost the most important thing to consider when buying solar panels?

Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase the value of your home?

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 can expect 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 rewarding investment.

What solar power system size is right for my home?

To figure out how many solar panels you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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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