Solar Panel Cost Guide in Morristown, VT (2024 Update)
- Morristown Solar Installation Cost: $15,372
- 25-Year Savings: $23,870
- Payback Period: 10.9 Years
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Average Cost of Solar Panels in Morristown
Let’s take a look at the average cost of solar in Morristown.
Although the national average of solar panels is $2.66 per watt, solar panels in Morristown generally cost around 4.The average solar panel system size in Morristown is around 5.7 kilowatts, meaning a cost of about $15,372 for a solar installation, or $21,982 before the 0 federal solar tax credit is applied.
How much you pay can be above or below the average in Morristown depending on a few factors, such as the type of solar panels you choose and the solar company you hire.Many homeowners find going solar is a sound investment. The average homeowner in Morristown can save about $24,000 on their energy bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Morristown
| Year | Return on Investment |
|---|---|
| 1 years | $-14,026 |
| 3 years | $-11,334 |
| 5 years | $-8,641 |
| 7 years | $-5,949 |
| 9 years | $-3,256 |
| 11 years | $-564 |
| 13 years | $2,129 |
| 15 years | $4,821 |
| 17 years | $7,513 |
| 19 years | $10,206 |
| 21 years | $12,898 |
| 23 years | $15,591 |
| 25 years | $18,283 |
Top Solar Installers in Morristown
Installing solar panels by yourself can be a time-consuming project, which is why hiring a solar installer is a good option for many homeowners. Solar warranties and repairs are ordinarily included in the cost of installation when you opt for a solar contractor as well, which can save you more money after your upfront investment.
If you're searching for a solar installer in Morristown, the EcoWatch team has put together 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Morristown
Factors that Affect Solar Panel Costs in Morristown
Although the average cost of a solar system in Morristown is $15,372, your actual cost may be higher or lower than that. There are quite a few factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the price of a solar energy system in Morristown, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by about $3,850 for each additional kilowatt you need.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. On the other hand, more efficient panels could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Morristown average.
Solar Financing Terms
Many homeowners find the average cost of solar in Morristown to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also increases your all-in costs, so it’s vital to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — 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 go with the company that provides the products, warranties and services you’re looking for and also is 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 | $4.00 | $16,817 | $20,345 | 11.3 years |
| 8 kW | $3.93 | $21,991 | $27,558 | 11.1 years |
| 10 kW | $3.85 | $26,950 | $34,987 | 10.9 years |
| 12 kW | $3.77 | $31,693 | $42,631 | 10.7 years |
| 14 kW | $3.70 | $36,221 | $50,491 | 10.4 years |
| 16 kW | $3.62 | $40,533 | $58,566 | 10.2 years |
| 18 kW | $3.54 | $44,629 | $66,857 | 10.0 years |
| 20 kW | $3.47 | $48,510 | $75,364 | 9.8 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: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, 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 sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Morristown, VT Solar Cost FAQs
What is the average cost of installing solar panels in Morristown?
This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $19,250 for a 5-kW system and $38,500 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Morristown?
Leasing solar panels can be an attractive choice, because it typically 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.
Do solar panels increase how much your home is worth?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house 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.