Solar Panel Cost Guide in Byram, CT (2024 Update)
- Byram Solar Installation Cost: $11,749
- 25-Year Savings: $22,771
- Payback Period: 9.3 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Byram
See how much it might cost to install solar panels in Byram.
The average cost of a solar panel system in Byram is 4 per watt.The average solar panel system size in Byram is around 4.5 kilowatts, meaning a cost of about $11,749 for a solar installation, or $16,801 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Byram homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $27,000 in savings on utility bills over 20 years.
Click the button below to get connected to a reputable solar company in Byram for a personalized quote.
Solar savings over time in Byram
| Year | Return on Investment |
|---|---|
| 1 years | $-9,708 |
| 3 years | $-5,627 |
| 5 years | $-1,546 |
| 7 years | $2,536 |
| 9 years | $6,617 |
| 11 years | $10,699 |
| 13 years | $14,780 |
| 15 years | $18,862 |
| 17 years | $22,943 |
| 19 years | $27,024 |
| 21 years | $31,106 |
| 23 years | $35,187 |
| 25 years | $39,269 |
Top Solar Installers in Byram
Putting up solar panels yourself can be a time-consuming undertaking, which is why hiring a solar installation company is a good option for many homeowners. Plus, if you’d like to maximize your investment in solar power, using a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives.
If you're looking for a solar company in Byram, 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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Byram
Factors that Affect Solar Panel Costs in Byram
For many Byram homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Byram, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $3,750. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are available from most installers in Byram, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible.While solar loans make switching to solar energy more accessible for Byram 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 solar installer you hire to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies in Byram, and each can charge different amounts for labor and equipment.Additionally, some companies in Byram have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $3.90 | $16,380 | $25,905 | 9.7 years |
| 8 kW | $3.83 | $21,420 | $34,960 | 9.5 years |
| 10 kW | $3.75 | $26,250 | $44,225 | 9.3 years |
| 12 kW | $3.67 | $30,870 | $53,700 | 9.1 years |
| 14 kW | $3.60 | $35,280 | $63,386 | 8.9 years |
| 16 kW | $3.52 | $39,480 | $73,281 | 8.8 years |
| 18 kW | $3.45 | $43,470 | $83,386 | 8.6 years |
| 20 kW | $3.38 | $47,250 | $93,701 | 8.4 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, including:
- Warranty: If you care about the endurance of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before making your decision.
- Contract: When reading through your solar installer’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Installation Process: When making the switch to solar, it’s necessary to maintain an open line of communication with your solar company. Confirm that you understand how the installation process will go and the project timeline.
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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
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 Byram, CT Solar Cost FAQs
How much does it cost to install solar panels in Byram?
The average cost of solar panels in Byram is about $18,750 for a 5-kW system and $37,500 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Byram?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home 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 bang for your buck from going solar.
How will installing solar panels impact how much my home is worth?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Byram is currently $1,139,205, so you can expect a value of about $46,707 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Byram is a worthwhile investment.
How many solar panels should I get 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 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.