Solar Panel Cost Guide in Springfield, VT (2025 Update)
- Springfield 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 Springfield
Here’s how much it might cost to go solar in Springfield.
While the national average of solar panels is $2.66 per watt, solar panels in Springfield generally cost about 4.The average Springfield homeowner needs a 5.5-kilowatt system, which would cost about $14,767 with the federal tax credit, or $21,117 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of making the switch to solar can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with.With average savings of about $23,000 on electricity bills over 20 years, many homeowners in Springfield find installing solar panels can pay off big.
To get a free quote from a top solar company in Springfield, you can click the button below.
Solar savings over time in Springfield
| 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 Springfield
When making the switch to solar, many homeowners choose to hire a solar installation company since handling can be a challenging project. Companies can also provide access to various kinds of the best solar panels and help you pick which one will be right for you.
If you’d like to switch to solar energy but still aren’t sure which solar panel installer to go with, here are our recommendations for providers in Springfield:
See all of the solar companies in Springfield
Factors that Affect Solar Panel Costs in Springfield
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Springfield: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,850. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get 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 over time on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Springfield average.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a popular option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.Though solar loans make switching to solar energy more accessible for Springfield 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 make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the growing popularity of clean energy solutions in Springfield, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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
Since the model of solar panels and the installation company you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
EcoWatch's Springfield, VT Solar Cost FAQs
What is the average cost of installing solar panels in Springfield?
The average cost of solar panels in Springfield is about $19,250 for a 5-kW system and $38,500 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on energy bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Springfield, that will require at least a 10-kW system. Not all homes 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 often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.