Solar Panel Cost Guide in Swanton, VT (2025 Update)
- Swanton Solar Installation Cost: $15,500
- 25-Year Savings: $20,427
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Swanton
We go over average solar pricing in Swanton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Swanton, the average cost of a solar system is 4 per watt.To cover the typical energy needs of the average home in Swanton, most homeowners require a 5.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,500, or $22,165 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy use, the type of solar panels you choose, your solar contractor and more.With average savings of about $21,000 on utility bills over 20 years, many homeowners in Swanton find installing solar panels can be quite rewarding.
To get a free quote from a top solar company in Swanton, you can click the button below.
Solar savings over time in Swanton
| Year | Return on Investment |
|---|---|
| 1 years | $-14,139 |
| 3 years | $-11,417 |
| 5 years | $-8,695 |
| 7 years | $-5,974 |
| 9 years | $-3,252 |
| 11 years | $-530 |
| 13 years | $2,192 |
| 15 years | $4,913 |
| 17 years | $7,635 |
| 19 years | $10,357 |
| 21 years | $13,079 |
| 23 years | $15,800 |
| 25 years | $18,522 |
Top Solar Installers in Swanton
Many homeowners decide to use a solar installation company since trying to put up solar panels yourself can be hard. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're on the hunt for a solar company in Swanton, the EcoWatch team has put together a list of our top suggestions here:
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 Swanton
Factors that Affect Solar Panel Costs in Swanton
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that will push your cost above or below the average in Swanton: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Swanton, one of the most important 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 usage, which you can determine by looking at past energy bills. Your total cost can increase by around $3,850 for each additional kilowatt you need.The kind of solar panels and equipment you want is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment goes beyond 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Swanton homeowners decide to finance their solar panel systems to make paying for solar more affordable.However, the interest on solar loans also increases your all-in costs, so it’s crucial to take that into consideration as well. You can always lower 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 pick will affect your total cost to go solar. Different companies will charge different amounts for the equipment and labor.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions 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 | $4.00 | $16,817 | $16,547 | 12.6 years |
| 8 kW | $3.93 | $21,991 | $22,494 | 12.4 years |
| 10 kW | $3.85 | $26,950 | $28,656 | 12.1 years |
| 12 kW | $3.77 | $31,693 | $35,034 | 11.9 years |
| 14 kW | $3.70 | $36,221 | $41,628 | 11.6 years |
| 16 kW | $3.62 | $40,533 | $48,437 | 11.4 years |
| 18 kW | $3.54 | $44,629 | $55,462 | 11.1 years |
| 20 kW | $3.47 | $48,510 | $62,703 | 10.9 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 select the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the durability of your solar system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The kind of solar panel you need plays a role in which installer you should opt for, since different companies have different panels.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
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 Swanton, VT Solar Cost FAQs
What is the average cost of installing solar panels in Swanton?
This is a hard question to answer precisely, because the cost depends on a few different factors. Generally 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Swanton?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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 amount 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.