Solar Panel Cost Guide in Danbury, OH (2024 Update)

  • Danbury Solar Installation Cost: $18,134
  • 25-Year Savings: $13,388
  • Payback Period: 16.8 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 Danbury

Find out what the average cost of a solar system is in Danbury.

The average cost of a solar system in Danbury is 3 per watt.The average Danbury homeowner needs a 7.6-kilowatt system, which would cost about $18,134 with the federal tax credit, or $25,932 before the 0 tax credit is applied.

The true cost of your system can be above or below the average in Danbury depending on several factors, such as the kind of solar panels you choose and the solar company you hire.With average savings of about $14,000 on energy bills over 20 years, many homeowners in Danbury find going solar has a decent ROI.

You can click the button below to get connected with a top solar installer in Danbury for a quote for your home.

Solar savings over time in Danbury

Year Return on Investment
1 years $-16,914
3 years $-14,473
5 years $-12,033
7 years $-9,592
9 years $-7,152
11 years $-4,712
13 years $-2,271
15 years $169
17 years $2,610
19 years $5,050
21 years $7,491
23 years $9,931
25 years $12,372

Top Solar Installers in Danbury

Many homeowners choose to use a solar installation company since trying to install solar panels yourself can be challenging. Companies can also offer access to various kinds of the best solar panels and help you pick which one will be best for you.

If you're looking for a solar company in Danbury, we've organized a list of our top suggestions here:

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 Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

See all of the solar companies in Danbury

Factors that Affect Solar Panel Costs in Danbury

Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that will push your cost above or below the average in Danbury: solar equipment and system size, financing options and the solar installation company you choose. We’ll discuss each of these briefly below.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $3,410 per kilowatt in Danbury.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Danbury average.

Solar Financing Terms

Most solar installers in Danbury have solar loans, which reduce your upfront costs of installing solar.However, the interest on solar loans also increases your all-in costs, so it’s crucial 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

The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Danbury, and each can charge varying amounts for labor and equipment.Additionally, some companies in Danbury have more knowledge about local solar incentives and can help you take advantage of 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 $3.55 $14,895 $6,431 17.5 years
8 kW $3.48 $19,478 $8,956 17.1 years
10 kW $3.41 $23,870 $11,673 16.8 years
12 kW $3.34 $28,071 $14,580 16.5 years
14 kW $3.27 $32,081 $17,678 16.1 years
16 kW $3.21 $35,900 $20,968 15.8 years
18 kW $3.14 $39,529 $24,448 15.4 years
20 kW $3.07 $42,966 $28,119 15.1 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 pick the right company for you, here are some tips to keep in mind:

  • Installation Process: When going solar, it’s essential to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
  • Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
  • Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
  • Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.

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 Solar Financing

Blue Raven Solar

★★★★★
4.5

  • Industry-leading in-house financing
  • Competitive pricing
  • Excellent reputation
  • Doesn't offer solar batteries

Best Social Impact

Palmetto Solar

★★★★★
4.0

  • Expansive service area
  • Makes charitable contributions
  • Certified B Corp
  • No leases or PPAs
  • Quality of installation may vary by location

EcoWatch's Danbury, OH Solar Cost FAQs

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

The average cost of solar panels in Danbury is about $17,050 for a 5-kW system and $34,100 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.

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

Leasing solar panels can be an appealing choice, because it commonly 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 incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.

Is switching to solar power worth it?

Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a 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.

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