Solar Panel Cost Guide in West Warwick, RI (2024 Update)
- West Warwick Solar Installation Cost: $11,600
- 25-Year Savings: $13,852
- Payback Period: 13.2 Years
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Average Cost of Solar Panels in West Warwick
Find out what the average cost of solar panel installation is in West Warwick.
The average cost of a solar system in West Warwick is 4 per watt.Using this figure, a typical 4.1-kW system would cost about $11,600 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of West Warwick homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find going solar is a rewarding investment. The average homeowner in West Warwick can save around $20,000 on their energy bills over 20 years.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in West Warwick
| Year | Return on Investment |
|---|---|
| 1 years | $-10,069 |
| 3 years | $-7,007 |
| 5 years | $-3,945 |
| 7 years | $-883 |
| 9 years | $2,179 |
| 11 years | $5,241 |
| 13 years | $8,303 |
| 15 years | $11,365 |
| 17 years | $14,427 |
| 19 years | $17,489 |
| 21 years | $20,551 |
| 23 years | $23,614 |
| 25 years | $26,676 |
Top Solar Installers in West Warwick
When making the switch to solar, many homeowners prefer to use a solar installation company since installing solar panels yourself can be a time-consuming project. Another great thing about using a vetted solar installer is that it'll likely provide warranties and free repairs, which help protect your investment.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in West Warwick
Factors that Affect Solar Panel Costs in West Warwick
The cost of installing a solar system in West Warwick can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.There are many different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are an affordable choice because they cut back your upfront costs and let you pay for your system over five to seven years on average.However, the interest on solar loans also adds to your total costs, so it’s vital to keep that in mind as well. You can always bring down the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in West Warwick is the company you hire to install your PV system. As with choosing a company to renovate your kitchen, for instance, there’s no shortage of solar installers that offer a range of services at different price points.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 go with the company that has the products, warranties and services you want and also fit into 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 | $14,563 | 13.7 years |
| 8 kW | $4.15 | $23,248 | $19,873 | 13.5 years |
| 10 kW | $4.07 | $28,490 | $25,411 | 13.2 years |
| 12 kW | $3.99 | $33,504 | $31,177 | 12.9 years |
| 14 kW | $3.91 | $38,291 | $37,171 | 12.7 years |
| 16 kW | $3.83 | $42,849 | $43,393 | 12.4 years |
| 18 kW | $3.74 | $47,179 | $49,843 | 12.2 years |
| 20 kW | $3.66 | $51,282 | $56,520 | 11.9 years |
How to Save on Solar Panels
The solar panel company you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should take into account, such as:
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before making your decision.
- Reputation: Long-standing companies likely have a solid 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 service, such as part repairs and replacements.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's West Warwick, RI Solar Cost FAQs
What is the average cost of installing solar panels in West Warwick?
The average cost of solar panels in West Warwick 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in West Warwick?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $1,078.02 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily 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 buy 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.