Solar Panel Cost Guide in Warren, RI (2024 Update)
- Warren Solar Installation Cost: $11,673
- 25-Year Savings: $13,802
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Warren
We go over average solar pricing in Warren.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Warren, the typical cost of solar panels is 4 per watt.To account for the typical energy usage of the average home in Warren, most homeowners require a 4.1-kilowatt system. Using the per-watt figure above, a solar installation costs about $11,673, or $16,692 before the federal solar tax credit of 0 is applied.
These figures are only averages, and how much solar costs for you will most likely vary based on your specific situation and what company you choose to go with.But, once you've paid the upfront cost of installation, the return on investment for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar installer in Warren for a quote for your home.
Solar savings over time in Warren
| Year | Return on Investment |
|---|---|
| 1 years | $-10,142 |
| 3 years | $-7,079 |
| 5 years | $-4,017 |
| 7 years | $-955 |
| 9 years | $2,107 |
| 11 years | $5,169 |
| 13 years | $8,231 |
| 15 years | $11,293 |
| 17 years | $14,355 |
| 19 years | $17,417 |
| 21 years | $20,479 |
| 23 years | $23,541 |
| 25 years | $26,603 |
Top Solar Installers in Warren
Many homeowners opt for a solar panel installer since figuring out how to install solar panels by yourself can be hard. Another perk of working with a solar company is that they can help you maximize your ROI by bringing down your future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you're searching for a solar company in Warren, we've compiled a list of our top suggestions here:
Best National Provider
SunPower
- 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
- 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
- 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 Warren
Factors that Affect Solar Panel Costs in Warren
The cost of installing a solar system in Warren can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,070.Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Warren, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Warren homeowners opt to finance their solar panel systems to make going solar more affordable.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Warren is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there are plenty of solar installers that provide a range of services at different price points.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 prices because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $14,362 | 13.8 years |
| 8 kW | $4.15 | $23,248 | $19,606 | 13.6 years |
| 10 kW | $4.07 | $28,490 | $25,077 | 13.3 years |
| 12 kW | $3.99 | $33,504 | $30,776 | 13.0 years |
| 14 kW | $3.91 | $38,291 | $36,703 | 12.8 years |
| 16 kW | $3.83 | $42,849 | $42,858 | 12.5 years |
| 18 kW | $3.74 | $47,179 | $49,241 | 12.2 years |
| 20 kW | $3.66 | $51,282 | $55,851 | 12.0 years |
How to Save on Solar Panels
There are a lot of companies available in Warren, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to align on any details you should know with your solar company, such as what permits you should secure and what the project timeline is.
Best National Provider
SunPower
- 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
- 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
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Warren, RI Solar Cost FAQs
How much does it cost to install solar panels in Warren?
The average cost of solar panels in Warren is about $20,350 for a 5-kW system and $40,700 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is a crucial factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Is it worth going solar in Warren?
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 many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know 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 household 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.