Solar Panel Cost Guide in North Haven, CT (2024 Update)
- North Haven Solar Installation Cost: $11,885
- 25-Year Savings: $21,462
- Payback Period: 9.8 Years
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Average Cost of Solar Panels in North Haven
See how much it might cost to switch to solar power in North Haven.
The national average cost of solar panels is $2.66 per watt, but in North Haven it’s 4 per watt.The average solar panel system size in North Haven is around 4.5 kilowatts, meaning a cost of about $11,885 for a solar installation, or $16,996 before the 0 federal solar tax credit is applied.
These figures are only estimates, and the cost of going solar for you will most likely differ based on the amount of energy your home requires and what company you choose to go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $25,000 over 20 years on power bills.
Click the button below to get connected to a reputable solar company in North Haven for a custom quote.
Solar savings over time in North Haven
| Year | Return on Investment |
|---|---|
| 1 years | $-9,852 |
| 3 years | $-5,786 |
| 5 years | $-1,721 |
| 7 years | $2,345 |
| 9 years | $6,411 |
| 11 years | $10,476 |
| 13 years | $14,542 |
| 15 years | $18,607 |
| 17 years | $22,673 |
| 19 years | $26,738 |
| 21 years | $30,804 |
| 23 years | $34,870 |
| 25 years | $38,935 |
Top Solar Installers in North Haven
Trying to install solar panels yourself can be a dangerous task, which is why using a solar installation company is a good option for many homeowners. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long run due to their warranties, repair services and expert design.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 North Haven
Factors that Affect Solar Panel Costs in North Haven
Although the average cost of a solar system in North Haven is $11,885, your actual cost may differ. There are several factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $3,750.The kind of solar panels and equipment you want is another factor that will largely impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in North Haven to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in North Haven, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.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 more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $23,822 | 10.2 years |
| 8 kW | $3.83 | $21,420 | $32,183 | 10.0 years |
| 10 kW | $3.75 | $26,250 | $40,754 | 9.8 years |
| 12 kW | $3.67 | $30,870 | $49,535 | 9.6 years |
| 14 kW | $3.60 | $35,280 | $58,526 | 9.4 years |
| 16 kW | $3.52 | $39,480 | $67,726 | 9.2 years |
| 18 kW | $3.45 | $43,470 | $77,137 | 9.0 years |
| 20 kW | $3.38 | $47,250 | $86,758 | 8.8 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 models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline incentives and warranties.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which installer you should go with, since different companies provide different panels.
- Reputation: Solar panel 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.
- Installation Process: When making the switch to solar, it’s essential to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process works and the project completion 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 North Haven, CT Solar Cost FAQs
How much does it cost to install solar panels in North Haven?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $18,750 for a 5-kW system and $37,500 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your property value?
Solar panels can increase your property’s value considerably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for 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 install 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.