Solar Panel Cost Guide in Pomfret, CT (2024 Update)

  • Pomfret Solar Installation Cost: $12,271
  • 25-Year Savings: $17,857
  • Payback Period: 11.4 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Pomfret

We go over average solar pricing in Pomfret.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Pomfret, the average cost of a solar system is 4 per watt.The average Pomfret homeowner needs a 4.7-kilowatt system, which would cost about $12,271 with the federal tax credit, or $17,548 before the 0 tax credit is applied.

Keep in mind that the figures above are only estimates based on the average Pomfret homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Pomfret can save about $22,000 on their electricity bills over 20 years.

You can click the button below to get connected with a vetted solar installer in Pomfret that can help you get a more accurate cost estimate for your home.

Solar savings over time in Pomfret

Year Return on Investment
1 years $-10,427
3 years $-6,739
5 years $-3,051
7 years $637
9 years $4,325
11 years $8,013
13 years $11,701
15 years $15,389
17 years $19,077
19 years $22,765
21 years $26,453
23 years $30,141
25 years $33,829

Top Solar Installers in Pomfret

Many homeowners decide to use a solar installer since installing solar panels yourself can be a labor-intensive endeavor. Companies can also offer access to quality options of the best solar panels and help you pick which one will be right for your home.

If you’d like to start using solar energy but still aren’t sure which solar system company to go with, here are our recommendations for providers in Pomfret:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 Pomfret

Factors that Affect Solar Panel Costs in Pomfret

The cost of installing a solar system in Pomfret can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.

Solar Equipment

Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for 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, higher efficiency could save you more in the long run on your power bills. Additionally, extra products, such as solar batteries, can bump up your total well above the Pomfret average.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many Pomfret homeowners decide to finance their solar panel systems to make paying for solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.

Solar Panel Installation Company

A final consideration when trying to estimate the cost of solar for your home or business in Pomfret is the company you choose to install your solar system. As with choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services at different costs.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that provides the products, warranties and services you’re looking for and also is within 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 $3.90 $16,380 $18,301 11.8 years
8 kW $3.83 $21,420 $24,821 11.6 years
10 kW $3.75 $26,250 $31,551 11.4 years
12 kW $3.67 $30,870 $38,491 11.1 years
14 kW $3.60 $35,280 $45,641 10.9 years
16 kW $3.52 $39,480 $53,001 10.7 years
18 kW $3.45 $43,470 $60,572 10.4 years
20 kW $3.38 $47,250 $68,352 10.2 years

How to Save on Solar Panels

There are many 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: Even though reading through a contract can be tedious, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and energy efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
  • Warranty: A comprehensive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
  • Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Pomfret, CT Solar Cost FAQs

What is the average cost of installing solar panels in Pomfret?

This is a hard question to answer exactly, because the cost depends on many factors. Generally 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 higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Is it better to lease or buy solar panels in Pomfret?

Leasing solar panels can be an option if you can’t 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 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 solar panels impact my home value?

Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Pomfret is currently $342,163, so you could be looking at a value of about $14,029 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Pomfret is a worthwhile investment.

How long do solar panels last in Pomfret?

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.

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.

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