Solar Panel Cost Guide in Torrington, WY (2024 Update)
- Torrington Solar Installation Cost: $37,445
- 25-Year Savings: $42,841
- Payback Period: 13.4 Years
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Average Cost of Solar Panels in Torrington
Find out what the average cost of a solar system is in Torrington.
Although the national average of solar panels is $2.66 per watt, solar panels in Torrington typically cost around 4.To cover the typical energy usage of the average home in Torrington, most homeowners require a 14.9-kilowatt system. Using the figure above, a solar installation costs around $37,445, or $53,546 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Torrington homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.For many homeowners, the upfront cost of solar is worth paying. On average Torrington homeowners see about $19,000 in savings on utility bills over 20 years.
To receive a free estimate from a vetted solar company in Torrington, you can click the button below.
Solar savings over time in Torrington
| Year | Return on Investment |
|---|---|
| 1 years | $-36,303 |
| 3 years | $-34,020 |
| 5 years | $-31,736 |
| 7 years | $-29,453 |
| 9 years | $-27,169 |
| 11 years | $-24,886 |
| 13 years | $-22,603 |
| 15 years | $-20,319 |
| 17 years | $-18,036 |
| 19 years | $-15,752 |
| 21 years | $-13,469 |
| 23 years | $-11,185 |
| 25 years | $-8,902 |
Top Solar Installers in Torrington
Although you can install solar panels on your own, it takes extra energy and expertise. That's why the majority of homeowners choose a solar panel installer. Plus, if you’d like to maximize your investment in solar, going with a solar company can help with that as well. Different providers can offer warranties, expertise on installation and sometimes even information on local incentives.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some nearby:
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
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
See all of the solar companies in Torrington
Factors that Affect Solar Panel Costs in Torrington
While the average cost of a solar system in Torrington is $37,445, your final cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar panel system in Torrington, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can figure out by looking at past energy bills. Your total cost can increase by around $3,580 for each additional kilowatt you need.There are many different solar panel brands and the one you pick also affects the cost. Usually, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Torrington have solar loans, which reduce the initial cost of installing a solar system.You’ll have to consider the long-term cost of loans, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Torrington, and each can charge different amounts for labor and equipment.Some companies only sell high-efficiency and high-priced 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’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 | $3.72 | $15,637 | $12,359 | 14.0 years |
| 8 kW | $3.65 | $20,449 | $16,880 | 13.7 years |
| 10 kW | $3.58 | $25,060 | $21,601 | 13.4 years |
| 12 kW | $3.51 | $29,471 | $26,522 | 13.2 years |
| 14 kW | $3.44 | $33,681 | $31,644 | 12.9 years |
| 16 kW | $3.37 | $37,690 | $36,967 | 12.6 years |
| 18 kW | $3.29 | $41,499 | $42,490 | 12.4 years |
| 20 kW | $3.22 | $45,108 | $48,213 | 12.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Torrington, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Warranty: If you’re worried 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: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
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
Outstanding Local Installer
ES Solar
- Representatives are experts on local policies
- Lifetime workmanship warranty
- Outstanding customer service
- No leases or PPAs
- Energy audits only available 12 months after installation
Solar Veteran
Creative Energies
- Certified B Corp
- Outstanding customer service
- Many years of experience
- Multitude of products and services
- No leases or PPAs
- Slightly expensive
EcoWatch's Torrington, WY Solar Cost FAQs
How much does it cost to install solar panels in Torrington?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $17,900 for a 5-kW system and $35,800 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Torrington?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.