Solar Panel Cost Guide in Tiverton, RI (2024 Update)

  • Tiverton Solar Installation Cost: $11,205
  • 25-Year Savings: $14,128
  • Payback Period: 12.8 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

Why you can trust EcoWatch

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 Tiverton

We break down average solar pricing in Tiverton.

In Tiverton, solar panels cost about 4 per watt on average.The average Tiverton homeowner needs a 3.9-kilowatt system, which would cost about $11,205 with the federal tax credit, or $16,023 before the 0 tax credit is applied.

The prices above are just estimates to give you an idea of the cost of a solar panel system. The actual cost of going solar can vary quite a bit based on multiple factors, such as how many panels you need, your energy usage and what company you go with.Many homeowners find adopting solar power is a solid investment. The average homeowner in Tiverton can save about $21,000 on their power bills over 20 years.

To calculate your potential savings and connect with a local solar company, click the button below.

Solar savings over time in Tiverton

Year Return on Investment
1 years $-9,674
3 years $-6,612
5 years $-3,550
7 years $-488
9 years $2,574
11 years $5,636
13 years $8,698
15 years $11,760
17 years $14,822
19 years $17,884
21 years $20,946
23 years $24,009
25 years $27,071

Top Solar Installers in Tiverton

Although it's possible to install solar panels yourself, it requires extra labor and know-how. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Solar warranties and repairs are usually included in the cost of installation when you opt for a solar company as well, which can save you more money after your initial investment.

If you’d like to switch to solar energy but still aren’t certain which solar system company to go with, here are our suggestions for providers in Tiverton:

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 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

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 Tiverton

Factors that Affect Solar Panel Costs in Tiverton

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Tiverton: 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

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay about $4,070 per kilowatt in Tiverton.The kind of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment is more than just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that falls within your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Tiverton to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area offers financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.However, the interest on solar loans also increases your overall costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by making a larger down payment.

Solar Panel Installation Company

The solar installer you opt for to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Tiverton, and each can charge different amounts for labor and equipment.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 come with an above-average cost. It’s best to do some research and choose a company that has the products, warranties and services you’re looking for and also fit into 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 $4.23 $17,778 $15,703 13.3 years
8 kW $4.15 $23,248 $21,393 13.0 years
10 kW $4.07 $28,490 $27,311 12.8 years
12 kW $3.99 $33,504 $33,458 12.5 years
14 kW $3.91 $38,291 $39,831 12.3 years
16 kW $3.83 $42,849 $46,433 12.0 years
18 kW $3.74 $47,179 $53,263 11.7 years
20 kW $3.66 $51,282 $60,321 11.5 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 pick the right company for you, here are some tips to keep in mind:

  • Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should acquire and what the project timeline is.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
  • Warranty: If you care about the longevity of your solar system, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
  • Contract: Review the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.

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 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

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 Tiverton, RI Solar Cost FAQs

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

The average cost of solar panels in Tiverton is about $20,350 for a 5-kW system and $40,700 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.

Are solar panels free in Tiverton?

Solar panels aren’t free in Tiverton, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Is it worth going solar in Tiverton?

Whether or not solar panels are worth it depends on some different factors like local electricity rates and how much direct sunlight your roof gets.

How long do solar panels last in Tiverton?

On average, solar panels can last 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 larger 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.

Follow us