Solar Panel Cost Guide in Norwich, VT (2025 Update)
- Norwich Solar Installation Cost: $14,767
- 25-Year Savings: $22,749
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Norwich
Let’s take a look at the average cost of solar in Norwich.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Norwich, the average cost of solar panels is 4 per watt.To cover the typical energy needs of the average home in Norwich, most homeowners require a 5.5-kilowatt system. Using the figure above, a solar installation costs around $14,767, or $21,117 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy use, the type of solar panels you want, your solar contractor and more.For many homeowners, the upfront investment in solar power is worth paying. On average Norwich homeowners see about $23,000 in savings on electricity bills over 20 years.
To get a free estimate from a vetted solar installation company in Norwich, you can click the button below.
Solar savings over time in Norwich
| Year | Return on Investment |
|---|---|
| 1 years | $-13,406 |
| 3 years | $-10,685 |
| 5 years | $-7,963 |
| 7 years | $-5,241 |
| 9 years | $-2,519 |
| 11 years | $202 |
| 13 years | $2,924 |
| 15 years | $5,646 |
| 17 years | $8,368 |
| 19 years | $11,089 |
| 21 years | $13,811 |
| 23 years | $16,533 |
| 25 years | $19,255 |
Top Solar Installers in Norwich
When making the switch to solar, many homeowners opt to use a solar company since installing a solar system yourself can be a difficult project. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're looking for a solar company in Norwich, the EcoWatch team has organized 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
See all of the solar companies in Norwich
Factors that Affect Solar Panel Costs in Norwich
Though the average cost of a solar system in Norwich is $14,767, your actual cost may differ. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $3,850. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Norwich, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don’t have a lot of 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
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are offered by most installers in Norwich, which can lower, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can affect the cost. Norwich’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Norwich know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $4.00 | $16,817 | $20,147 | 11.4 years |
| 8 kW | $3.93 | $21,991 | $27,294 | 11.2 years |
| 10 kW | $3.85 | $26,950 | $34,657 | 10.9 years |
| 12 kW | $3.77 | $31,693 | $42,235 | 10.7 years |
| 14 kW | $3.70 | $36,221 | $50,029 | 10.5 years |
| 16 kW | $3.62 | $40,533 | $58,038 | 10.3 years |
| 18 kW | $3.54 | $44,629 | $66,263 | 10.1 years |
| 20 kW | $3.47 | $48,510 | $74,703 | 9.8 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 decide on the right company for you, here are some tips to keep in mind:
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a sound reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Contract: Before signing a contract with a solar company, be sure to look it over completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
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 Norwich, VT Solar Cost FAQs
How much does it cost to install solar panels in Norwich?
The average cost of solar panels in Norwich is about $19,250 for a 5-kW system and $38,500 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Norwich?
Leasing solar panels can be an appealing choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels completely eradicate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Norwich, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How many solar panels should I get to power my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.