Solar Panel Cost Guide in Tiverton, RI (2024 Update)
- Tiverton Solar Installation Cost: $11,205
- 25-Year Savings: $14,128
- Payback Period: 12.8 Years
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Average Cost of Solar Panels in Tiverton
We break down average solar pricing in Tiverton.
The average cost of a solar panel system in Tiverton is 4 per watt.The average solar panel system size in Tiverton is around 3.9 kilowatts, meaning a cost of about $11,205 for a solar installation, or $16,023 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what company you go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $21,000 over 20 years on energy bills.
To get a free quote from a pre-vetted solar installer in Tiverton, you can click the button below.
Solar savings over time in Tiverton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,674 |
| 3 years | $-6,612 |
| 5 years | $-3,550 |
| 7 years | $-488 |
| 9 years | $2,574 |
| 11 years | $5,636 |
| 13 years | $8,698 |
| 15 years | $11,760 |
| 17 years | $14,822 |
| 19 years | $17,884 |
| 21 years | $20,946 |
| 23 years | $24,009 |
| 25 years | $27,071 |
Top Solar Installers in Tiverton
Although it's possible to install solar panels by yourself, it takes extra energy and expertise. That's one of the reasons most people choose to hire a solar panel installer. Solar installers provide key benefits that can help you get the most out of your investment, like warranties, monitoring and free repairs.
If you're looking for a solar installer in Tiverton, we've compiled a list of our top suggestions here:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship 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
See all of the solar companies in Tiverton
Factors that Affect Solar Panel Costs in Tiverton
For many Tiverton homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Tiverton, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $4,070 per kilowatt in Tiverton.The solar equipment you choose can bring your price up or down 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 in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Tiverton average.
Solar Financing Terms
Many homeowners find the average cost of solar in Tiverton to be too costly, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time because of interest.While solar loans make adopting solar energy more accessible for Tiverton homeowners, they can also increase the total you pay for your system, depending on your interest rate. 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 last key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Tiverton, you’ll have many options to choose from, but each comes at different price points for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also is within your budget.
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 | $15,703 | 13.3 years |
| 8 kW | $4.15 | $23,248 | $21,393 | 13.0 years |
| 10 kW | $4.07 | $28,490 | $27,311 | 12.8 years |
| 12 kW | $3.99 | $33,504 | $33,458 | 12.5 years |
| 14 kW | $3.91 | $38,291 | $39,831 | 12.3 years |
| 16 kW | $3.83 | $42,849 | $46,433 | 12.0 years |
| 18 kW | $3.74 | $47,179 | $53,263 | 11.7 years |
| 20 kW | $3.66 | $51,282 | $60,321 | 11.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- 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 the terms of the warranty.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship 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 Tiverton, RI Solar Cost FAQs
What is the average cost of installing solar panels in Tiverton?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $20,350 for a 5-kW system and $40,700 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Tiverton?
You can’t get solar panels for free in Tiverton. 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.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Tiverton?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.