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

  • Thompsonville Solar Installation Cost: $12,323
  • 25-Year Savings: $17,819
  • 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 Thompsonville

Let’s have a look at the average cost of solar in Thompsonville.

Although the national average of solar panels is $2.66 per watt, solar panels in Thompsonville generally cost about 4.To cover the typical energy usage of the average home in Thompsonville, most homeowners require a 4.7-kilowatt system. Using the figure above, a solar installation costs about $12,323, or $17,622 before the federal solar tax credit of 0 is applied.

The actual price you pay can go above or below the average in Thompsonville based on a few factors, such as the model of solar panels you choose and the solar installer you hire.For most homeowners, the upfront cost of solar power is worth paying. On average Thompsonville homeowners see about $22,000 in savings on energy bills over 20 years.

You can click the button below to get connected with a pre-vetted solar company in Thompsonville for a quote for your home.

Solar savings over time in Thompsonville

Year Return on Investment
1 years $-10,479
3 years $-6,791
5 years $-3,103
7 years $585
9 years $4,273
11 years $7,961
13 years $11,649
15 years $15,337
17 years $19,025
19 years $22,713
21 years $26,401
23 years $30,089
25 years $33,777

Top Solar Installers in Thompsonville

When going solar, many homeowners choose to hire a solar installation company since putting up solar panels yourself can be a time-consuming project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term because of their warranties, repair services and expert design.

Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:

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 Thompsonville

Factors that Affect Solar Panel Costs in Thompsonville

For many Thompsonville homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Thompsonville, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of a solar energy system in Thompsonville, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $3,750 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Thompsonville, where sunlight is relatively 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Many homeowners find the average cost of solar in Thompsonville to be too steep, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.Even though solar loans make switching to solar energy more accessible for Thompsonville homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.

Solar Panel Installation Company

Finally, the company you choose to install your solar panels can influence the cost. Thompsonville’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Thompsonville are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. 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 $3.90 $16,380 $18,154 11.9 years
8 kW $3.83 $21,420 $24,626 11.6 years
10 kW $3.75 $26,250 $31,307 11.4 years
12 kW $3.67 $30,870 $38,198 11.2 years
14 kW $3.60 $35,280 $45,300 10.9 years
16 kW $3.52 $39,480 $52,611 10.7 years
18 kW $3.45 $43,470 $60,133 10.5 years
20 kW $3.38 $47,250 $67,864 10.3 years

How to Save on Solar Panels

Since the model of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:

  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can research your installer’s reputation is by reading reviews.
  • Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.

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 Thompsonville, CT Solar Cost FAQs

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

The average cost of solar panels in Thompsonville 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 certain factors such as 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 Thompsonville?

Leasing solar panels can be an appealing choice, because it usually 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to maximize your savings.

Does Thompsonville have a net metering program?

Most states have net metering programs of some kind. Through these, you can receive compensation for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.

How often do you have to replace solar panels?

Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.

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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