Solar Panel Cost Guide in Woodstock, CT (2024 Update)
- Woodstock Solar Installation Cost: $12,271
- 25-Year Savings: $17,857
- Payback Period: 11.4 Years
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Average Cost of Solar Panels in Woodstock
Find out what the average cost of a solar system is in Woodstock.
The national average cost of solar panels is $2.66 per watt, but in Woodstock it’s 4 per watt.Since a 4.7-kW system is needed to cover the energy usage of a typical home in Woodstock, the average price of going solar will be about $12,271 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy use, the type of solar system you want, your solar contractor and more.But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $22,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar panel company in Woodstock for a personalized quote.
Solar savings over time in Woodstock
| 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 Woodstock
Trying to put up solar panels on your own can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and lower the cost of maintenance in the long run.
If you're searching for a solar company in Woodstock, we've organized 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 Woodstock
Factors that Affect Solar Panel Costs in Woodstock
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that affect your total cost in Woodstock: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Woodstock, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited 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
If paying for a solar system out of pocket is too expensive, solar loans are a popular choice because they reduce your upfront costs and let you pay for your system over five to seven years on average.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Woodstock, you’ll have many options to choose from, but each comes at different price points for labor and equipment.You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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
The solar company you choose will influence not only your overall 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:
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: A comprehensive, 25-year warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- 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 most likely has a solid reputation and is qualified to do the job well. Another way you can research your installer’s reputation is by reading reviews.
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 Woodstock, CT Solar Cost FAQs
How much does it cost to install solar panels in Woodstock?
This is a difficult question to answer precisely, 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly 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 how much your 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 Woodstock is currently $402,137, which means you could be looking at a value of about $16,488 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Woodstock is a fruitful investment.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.