Solar Panel Cost Guide in Norwich, NY (2024 Update)
- Norwich Solar Installation Cost: $11,872
- 25-Year Savings: $5,205
- Payback Period: 20.1 Years
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Average Cost of Solar Panels in Norwich
Find out what the average cost of solar panel installation is in Norwich.
While the national average of solar panels is $2.66 per watt, solar panels in Norwich typically cost about 4.Using this figure, a typical 4.6-kW system would cost about $11,872 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what installation company you go with.Despite the significant initial cost, the average Norwich homeowner can save about $12,000 on their power bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a vetted solar panel company in Norwich for a custom quote.
Solar savings over time in Norwich
| Year | Return on Investment |
|---|---|
| 1 years | $-11,046 |
| 3 years | $-9,394 |
| 5 years | $-7,742 |
| 7 years | $-6,091 |
| 9 years | $-4,439 |
| 11 years | $-2,787 |
| 13 years | $-1,135 |
| 15 years | $517 |
| 17 years | $2,169 |
| 19 years | $3,820 |
| 21 years | $5,472 |
| 23 years | $7,124 |
| 25 years | $8,776 |
Top Solar Installers in Norwich
Although you can install solar panels yourself, it takes extra labor and knowledge. Because of that, most people choose to hire a solar panel installer. The payback period on an investment in solar panels will vary depending on factors like your roof configuration and energy needs, but working with a solar company can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.
If you're searching for a solar installer in Norwich, 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 Norwich
Factors that Affect Solar Panel Costs in Norwich
The cost of installing a solar system in Norwich can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Norwich, 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 energy bills. Your total cost can increase by around $3,650 for each additional kilowatt you need.The brand of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Further, 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 researching a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Norwich, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you get to install your solar panel system can affect your pricing. Norwich’s solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell high-quality, high-efficiency and high-price 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 choose a company that has the products, warranties and services you want and also fits 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 | $3.80 | $15,943 | $3,167 | 20.9 years |
| 8 kW | $3.72 | $20,849 | $4,632 | 20.5 years |
| 10 kW | $3.65 | $25,550 | $6,301 | 20.1 years |
| 12 kW | $3.58 | $30,047 | $8,174 | 19.7 years |
| 14 kW | $3.50 | $34,339 | $10,252 | 19.3 years |
| 16 kW | $3.43 | $38,427 | $12,534 | 18.9 years |
| 18 kW | $3.36 | $42,311 | $15,021 | 18.4 years |
| 20 kW | $3.29 | $45,990 | $17,712 | 18.0 years |
How to Save on Solar Panels
Since the type 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:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies carry different brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Review the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 Norwich, NY Solar Cost FAQs
How much does it cost to install solar panels in Norwich?
The average cost of solar panels in Norwich is about $18,250 for a 5-kW system and $36,500 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 consume.
Can you get solar panels for free in Norwich?
You can’t get solar panels for free in Norwich. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Norwich?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses 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 household 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.