*Prices are shown after applying the 30% federal tax credit.
As of Jul 2024, the average cost of solar panels in Hartford is $2.6 per watt making a typical 6000 watt (6 kW) solar system $10,929 after claiming the 30% federal solar tax credit now available.
This is lower than the average price of residential solar power systems across the United States which is currently $3.00 per watt.
The size of a solar panel system also plays a role in how much the installation will cost.
Larger solar installations will typically have a lower cost per watt, because the panels can be purchased at a ‘bulk price’. However, these larger solar systems will still have a higher total cost, because they are made up of more individual panels.
System size* | Avg cost per watt |
Avg system cost
(After tax credit) show before tax |
---|---|---|
4kW | $2.85 | $7,975 |
5kW | $2.73 | $9,538 |
6kW | $2.60 | $10,929 |
7kW | $2.58 | $12,629 |
8kW | $2.63 | $14,750 |
9kW | $2.52 | $15,876 |
10kW | $2.50 | $17,468 |
Best unit price
$320.00 ($0.96 per watt)
Best system price
Installed 5.0kW system
$12,721.85
($2.53 p/w)
LG335N1K-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$562.50 ($1.50 per watt)
Best system price
Installed 4.9kW system
$12,120.18
($2.49 p/w)
LG375A1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$430.00 ($1.15 per watt)
Best system price
Installed 4.9kW system
$12,919.30
($2.65 p/w)
LG375Q1C-V5 overview
Rated power
375 watts
Efficiency
21.7
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$473.34 ($1.30 per watt)
Best system price
Installed 5.1kW system
$13,231.07
($2.59 p/w)
LG365Q1K-V5 overview
Rated power
365 watts
Efficiency
21.1
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
KR
Best unit price
$432.00 ($1.20 per watt)
Best system price
Installed 5.0kW system
$13,276.66
($2.63 p/w)
LG360Q1K-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$530.85 ($1.50 per watt)
Best system price
Installed 5.0kW system
$12,386.87
($2.49 p/w)
LG355Q1K-V5 overview
Rated power
355 watts
Efficiency
20.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$495.00 ($1.38 per watt)
Best system price
Installed 5.0kW system
$13,091.06
($2.60 p/w)
LG360Q1C-V5 overview
Rated power
360 watts
Efficiency
20.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$407.97 ($1.10 per watt)
Best system price
Installed 5.2kW system
$13,159.30
($2.54 p/w)
LG370Q1C-V5 overview
Rated power
370 watts
Efficiency
21.4
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$323.39 ($0.97 per watt)
Best system price
Installed 5.0kW system
$12,691.01
($2.53 p/w)
LG335N1C-V5 overview
Rated power
335 watts
Efficiency
19.6
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$338.19 ($0.99 per watt)
Best system price
Installed 5.1kW system
$0.00
($0.00 p/w)
LG340N1C-V5 overview
Rated power
340 watts
Efficiency
19.8
Number of Cells
60
Cell type
Monocrystalline/N-type
Manufactured
US
Best unit price
$600.00 ($1.83 per watt)
Best system price
Installed 4.9kW system
$12,808.41
($2.61 p/w)
SPR-E20-327-COM overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$800.00 ($2.22 per watt)
Best system price
Installed 5.0kW system
$13,201.67
($2.62 p/w)
SPR-X22-360 overview
Rated power
360 watts
Efficiency
22.2
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,703.10
($2.79 p/w)
SPR-E20-327-D-AC overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$620.00 ($1.90 per watt)
Best system price
Installed 4.9kW system
$13,610.59
($2.77 p/w)
SPR-E20-327 overview
Rated power
327 watts
Efficiency
20.4
Number of Cells
96
Cell type
Monocrystalline
Manufactured
US
Best unit price
$181.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$11,003.04
($2.16 p/w)
CS6K-300MS overview
Rated power
300 watts
Efficiency
18.33
Number of Cells
60
Cell type
Monocrystalline
Manufactured
CA
Best unit price
$196.11 ($0.65 per watt)
Best system price
Installed 5.1kW system
$9,948.02
($1.95 p/w)
LR6-60-HPB-300M overview
Rated power
300 watts
Efficiency
18.1
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$172.00 ($0.56 per watt)
Best system price
Installed 4.9kW system
$9,568.53
($1.96 p/w)
LR6-60-HPB-305M overview
Rated power
305 watts
Efficiency
18.4
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$165.00 ($0.53 per watt)
Best system price
Installed 5.0kW system
$9,761.72
($1.97 p/w)
LR6-60-HPB-310M overview
Rated power
310 watts
Efficiency
18.7
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$228.00 ($0.60 per watt)
Best system price
Installed 4.9kW system
$9,579.65
($1.94 p/w)
LR4-60HPH-380M overview
Rated power
380 watts
Efficiency
20.9
Number of Cells
120
Cell type
Mono PERC
Manufactured
CN
Best unit price
$234.00 ($0.60 per watt)
Best system price
Installed 5.1kW system
$10,126.74
($2.00 p/w)
LR6-72HBD-390M overview
Rated power
390 watts
Efficiency
19.4
Number of Cells
144
Cell type
Mono PERC
Manufactured
CN
4.84 370 Reviews
Ken, 1 week ago
The whole process went smoothly. However, very poor communications to status of the installation. Guys who did the actual installation were very professional.
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Ken, 1 week ago
The whole process went smoothly. However, very poor communications to status of the installation. Guys who did the actual installation were very professional.
4.79 80 Reviews
Jerry B., over 1 month
I have yet to have multi-day power outage since installing 2-13.5 kwh SunVault batteries. During winter months I leave fully charged since sun & possible snow cover will impede solar production, so a fail-safe for the long power outage possibility. Now that better weather is here and not worried about freezing pipes, I am running the batteries overnight to power the home. So far, has the SunVault system has been working great with balancing the battery, grid and solar production usage in the home. I use about 50% of the batteries (one battery) each evening and it is typically charged up by 11 am local time, a little later on the cloudy days (yes, arrays still produce). My system is sized enough to power home on all but the darkest days where the battery supplements. If we get multiple days of rain, then I'm back on the grid using some of the credits I have stored at Eversource after the batteries are 100% recharged each day. I have no idea when the SunVault system switches to battery from the grid and vice versa, no issues with any electronics in the home when it does and it works in the "normal" daily living space fantastically. I will update this review if my micro-grid fails during a multi-day grid power outage as it is my expectation the solar array will not be shut down so the house and batteries can use the produced electricity until the grid is repaired. This is the real reason I go the batteries as had a 2018 summer Tropical Storm knock out power for 6-days and it was sunny for 5 of those days but my solar array was useless without a battery system attached. Fingers crossed this works as promoted and promised. The staff was great at every process of the sales, install and post-install support process as there are always questions and weird things with electricity that sometimes needs a call. Thank you, Jordan, my install team and Kim for helping and teaching me about the system. SavKat is a local, family-owned operation that is simply the best, highly recommend talking to them before going too far into your solar planning.
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Jerry B., over 1 month
I have yet to have multi-day power outage since installing 2-13.5 kwh SunVault batteries. During winter months I leave fully charged since sun & possible snow cover will impede solar production, so a fail-safe for the long power outage possibility. Now that better weather is here and not worried about freezing pipes, I am running the batteries overnight to power the home. So far, has the SunVault system has been working great with balancing the battery, grid and solar production usage in the home. I use about 50% of the batteries (one battery) each evening and it is typically charged up by 11 am local time, a little later on the cloudy days (yes, arrays still produce). My system is sized enough to power home on all but the darkest days where the battery supplements. If we get multiple days of rain, then I'm back on the grid using some of the credits I have stored at Eversource after the batteries are 100% recharged each day. I have no idea when the SunVault system switches to battery from the grid and vice versa, no issues with any electronics in the home when it does and it works in the "normal" daily living space fantastically. I will update this review if my micro-grid fails during a multi-day grid power outage as it is my expectation the solar array will not be shut down so the house and batteries can use the produced electricity until the grid is repaired. This is the real reason I go the batteries as had a 2018 summer Tropical Storm knock out power for 6-days and it was sunny for 5 of those days but my solar array was useless without a battery system attached. Fingers crossed this works as promoted and promised. The staff was great at every process of the sales, install and post-install support process as there are always questions and weird things with electricity that sometimes needs a call. Thank you, Jordan, my install team and Kim for helping and teaching me about the system. SavKat is a local, family-owned operation that is simply the best, highly recommend talking to them before going too far into your solar planning.
4.77 74 Reviews
Paul Hnath , 1 day ago
I’m very pleased with the whole process with Earthlight. Ben in sales was very knowledgeable and helpful. Heather was great with scheduling etc.. All in all everyone in the office is polite and helpful. The survey people were very helpful and explained everything. I deal with many subcontractors at work and can honestly say that your installation crew totally impressed me with their quality, organization ,cleanliness ,politeness and instructions. It was a great experience working with all of you. The system seems to be performing better than I was promised. So far all negative Eversource bills. Thank you so much Paul
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Paul Hnath , 1 day ago
I’m very pleased with the whole process with Earthlight. Ben in sales was very knowledgeable and helpful. Heather was great with scheduling etc.. All in all everyone in the office is polite and helpful. The survey people were very helpful and explained everything. I deal with many subcontractors at work and can honestly say that your installation crew totally impressed me with their quality, organization ,cleanliness ,politeness and instructions. It was a great experience working with all of you. The system seems to be performing better than I was promised. So far all negative Eversource bills. Thank you so much Paul
4.72 600 Reviews
Barbara S, 1 week ago
From the first meeting with the sales team through the installation process it was a wonderful experience. The sales team was very informative and had patience to explain the complete process. The installation team from roofing through electrical were knowledgeable, helpful and did amazing job. Fully recommend for anyone looking for a solar solution.
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Barbara S, 1 week ago
From the first meeting with the sales team through the installation process it was a wonderful experience. The sales team was very informative and had patience to explain the complete process. The installation team from roofing through electrical were knowledgeable, helpful and did amazing job. Fully recommend for anyone looking for a solar solution.
4.55 31 Reviews
Scott Tompkins, over 1 month
I had almost given up hope finding a solar installer who was actually local to the area, and not just another national solar syndicate masquerading as a local company. I was delighted to discover Premier Improvements. I found Adam and Brian to be incredibly knowledgable about local regulations, and it was a pleasure working with them every step of the way. After listening to a pitch from about 10 installers over the course of a week, Premier had the best price, were willing to work with the CT Green Bank (unlike many of the national syndicates) and, BONUS, they are really a local company. I highly recommend Premiere Improvements for your renewable energy project!
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Scott Tompkins, over 1 month
I had almost given up hope finding a solar installer who was actually local to the area, and not just another national solar syndicate masquerading as a local company. I was delighted to discover Premier Improvements. I found Adam and Brian to be incredibly knowledgable about local regulations, and it was a pleasure working with them every step of the way. After listening to a pitch from about 10 installers over the course of a week, Premier had the best price, were willing to work with the CT Green Bank (unlike many of the national syndicates) and, BONUS, they are really a local company. I highly recommend Premiere Improvements for your renewable energy project!
4.50 14 Reviews
Satisfied customer of Son Energy, over 1 month
After researching solar for several years, I made the decision to go forward before the 26% federal tax credit is reduced again by end of 2020. My home has electric baseboard heat, and though I had a high efficiency mini split heat pump system installed two years ago, the winter heating costs from Eversource were still astronomical, and continuing to grow every year. I had spoken with the large solar companies, but in the end, going solar was going to make them more money than it would save me, mainly because of the high cost of the systems that is built into financing. I spoke with Ron at Son Energy, and his down to earth approach, willingness to provide detailed explanations to answer all my questions, and 100% satisfaction guarantee, led me have him come to my home for a detailed walkthrough. When he wanted to come out to see my home for himself, and didn’t give a quote until he had personally been to my property, I knew he would provide the best install and service years down the road. His prior background in nuclear engineering is impressive, and gave me the confidence in his knowledge and expertise in designing and building the optimal system for my home. His pricing was highly competitive and fair, and he didn’t come across as trying to sell me something I didn’t need. There was no sales pitch, just an honest explanation of the benefits of the system vs the cost, and why it made sense in my situation to go solar. So glad I went with Ron and Son Energy. After the work contract was signed, he handled all the effort from permits to install, and arranged to come to my home a week early to begin the work. Ron (and the subcontractors he works with for electrical and panel install) were honest, efficient, and cleaned up after the multi day install. Everything he agreed to was completed in a top quality manner, and very timely. Now just waiting for the net meter install, and a full switch off of public utility to 100% solar production. I couldn’t be happier that I went with a local CT professional, and picked Ron Tooker with Son Energy.
Read more
Average cost (5kW system)
$17,900 ($3.58 per watt)
Satisfied customer of Son Energy, over 1 month
After researching solar for several years, I made the decision to go forward before the 26% federal tax credit is reduced again by end of 2020. My home has electric baseboard heat, and though I had a high efficiency mini split heat pump system installed two years ago, the winter heating costs from Eversource were still astronomical, and continuing to grow every year. I had spoken with the large solar companies, but in the end, going solar was going to make them more money than it would save me, mainly because of the high cost of the systems that is built into financing. I spoke with Ron at Son Energy, and his down to earth approach, willingness to provide detailed explanations to answer all my questions, and 100% satisfaction guarantee, led me have him come to my home for a detailed walkthrough. When he wanted to come out to see my home for himself, and didn’t give a quote until he had personally been to my property, I knew he would provide the best install and service years down the road. His prior background in nuclear engineering is impressive, and gave me the confidence in his knowledge and expertise in designing and building the optimal system for my home. His pricing was highly competitive and fair, and he didn’t come across as trying to sell me something I didn’t need. There was no sales pitch, just an honest explanation of the benefits of the system vs the cost, and why it made sense in my situation to go solar. So glad I went with Ron and Son Energy. After the work contract was signed, he handled all the effort from permits to install, and arranged to come to my home a week early to begin the work. Ron (and the subcontractors he works with for electrical and panel install) were honest, efficient, and cleaned up after the multi day install. Everything he agreed to was completed in a top quality manner, and very timely. Now just waiting for the net meter install, and a full switch off of public utility to 100% solar production. I couldn’t be happier that I went with a local CT professional, and picked Ron Tooker with Son Energy.
4.46 11 Reviews
Mr. Coster, over 1 month
We had a number of solar companies come out but Adam gave us the best panels and price of all of them. He explained how everything works and made it an easy choice.He followed up with us giving us updates along the way and extra goodies. I would recommend Adam to anyone looking to put solar panels on their house. I have already recommended him to a few of my friends and family. He is thoughtful, honest and efficient. I would use him again without hesitation. 5 star service
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Mr. Coster, over 1 month
We had a number of solar companies come out but Adam gave us the best panels and price of all of them. He explained how everything works and made it an easy choice.He followed up with us giving us updates along the way and extra goodies. I would recommend Adam to anyone looking to put solar panels on their house. I have already recommended him to a few of my friends and family. He is thoughtful, honest and efficient. I would use him again without hesitation. 5 star service
4.46 28 Reviews
Michael Tambling, 3 weeks ago
A few years ago I purchased a home with solar panels installed by Purepoint. Recently, I received an email message indicating that my system was off-line. I panicked, as I know very little about solar systems. Potential costs loomed large in my head and overwhelmed me. I called Purepoint for assistance and spoke to Lori. She was a tremendous help from the beginning--very calming and informative. She had me forward various pics of the meters, inverter, etc. After many messages and with her help, we were able to discern that the system was still functioning fine, but the monitoring meter had gone down. Even with this, she knew exactly what to do with the warranty and made the appropriate contacts. The issue is resolved now, and with no expense to me. In retrospect, I am astonished at the time and energy Lori put in to help me. I went from panicked to calm (and am much more informed about my solar system). It is EXTREMELY rare nowadays to find a company that cares and will faithfully stand by you in a crisis. Thanks Purepoint and Lori! It is greatly appreciated!
Read more
Average cost (5kW system)
$24,050 ($4.81 per watt)
Michael Tambling, 3 weeks ago
A few years ago I purchased a home with solar panels installed by Purepoint. Recently, I received an email message indicating that my system was off-line. I panicked, as I know very little about solar systems. Potential costs loomed large in my head and overwhelmed me. I called Purepoint for assistance and spoke to Lori. She was a tremendous help from the beginning--very calming and informative. She had me forward various pics of the meters, inverter, etc. After many messages and with her help, we were able to discern that the system was still functioning fine, but the monitoring meter had gone down. Even with this, she knew exactly what to do with the warranty and made the appropriate contacts. The issue is resolved now, and with no expense to me. In retrospect, I am astonished at the time and energy Lori put in to help me. I went from panicked to calm (and am much more informed about my solar system). It is EXTREMELY rare nowadays to find a company that cares and will faithfully stand by you in a crisis. Thanks Purepoint and Lori! It is greatly appreciated!
4.40 38 Reviews
Wes, over 1 month
If I could give EcoSmart negative stars I would. I have worked with many contractors, architects, engineers and developers in my life good and bad. EcoSmart could be one of if not the worst company I have ever had the unfortunate privilege to work with. After signing up with them, they wasted almost 2 months of my time, misrepresenting timelines and expertise, mismanaging the process, communication and making multiple false statements along the way. I was clear from the outset that the time frame install the system was critical. They told me multiple times that permits had been filed when, in reality they never filed them at all. They did not even know the process to file permits in my town (another thing they had represented they had experience with) and did not even contact the town until the week we had initially targeted for the install. They told me they understood and had experience with Solar batteries. I had to design this part of the system myself because they had no clue what they were doing and were not even capable of effectively working with the vendor to design and solve for any issues that arose. They were terrible with communication, often telling me they would get back to me and never doing so. I had to chase them all the time. When you are spending any amount this would be unacceptable. I was spending over $100,000. 2 months into the agreement, after bailing on a site visit that I rearranged my schedule for, Michael Pelton then called me to state that they would not install what they had agreed to and that Steve Pelton (the owner) was no longer going to offer batteries as he did not trust them. But then I should just do the solar alone with them. I was clear from the beginning that the point of the project was to have a back up system not just a solar system. It seems to me that their plan from the beginning was to tell me what I wanted to hear and then pull the rug out from under me when the timing was such that I was in jeopardy of losing the full Federal Tax Credit and potentially the State incentives in hopes that I would adjust the install to solar only. Ultimately, they gave me no confidence that they were going to be able to successfully and properly install solar either. In my option and experience they are not to be trusted. My experience with them is that they are incredibly disorganized and inept, often gave me false and misleading statements and have real issues communicating at any level that would be considered acceptable. They also showed zero respect for my time or following through on what they had committed to do. All of this resulted in me losing time, money and expending a tremendous amount of effort for ultimately no reason. Simply horrendous on every level and I could not recommend a company less then EcoSmart.
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Average cost (5kW system)
$18,150 ($3.63 per watt)
Wes, over 1 month
If I could give EcoSmart negative stars I would. I have worked with many contractors, architects, engineers and developers in my life good and bad. EcoSmart could be one of if not the worst company I have ever had the unfortunate privilege to work with. After signing up with them, they wasted almost 2 months of my time, misrepresenting timelines and expertise, mismanaging the process, communication and making multiple false statements along the way. I was clear from the outset that the time frame install the system was critical. They told me multiple times that permits had been filed when, in reality they never filed them at all. They did not even know the process to file permits in my town (another thing they had represented they had experience with) and did not even contact the town until the week we had initially targeted for the install. They told me they understood and had experience with Solar batteries. I had to design this part of the system myself because they had no clue what they were doing and were not even capable of effectively working with the vendor to design and solve for any issues that arose. They were terrible with communication, often telling me they would get back to me and never doing so. I had to chase them all the time. When you are spending any amount this would be unacceptable. I was spending over $100,000. 2 months into the agreement, after bailing on a site visit that I rearranged my schedule for, Michael Pelton then called me to state that they would not install what they had agreed to and that Steve Pelton (the owner) was no longer going to offer batteries as he did not trust them. But then I should just do the solar alone with them. I was clear from the beginning that the point of the project was to have a back up system not just a solar system. It seems to me that their plan from the beginning was to tell me what I wanted to hear and then pull the rug out from under me when the timing was such that I was in jeopardy of losing the full Federal Tax Credit and potentially the State incentives in hopes that I would adjust the install to solar only. Ultimately, they gave me no confidence that they were going to be able to successfully and properly install solar either. In my option and experience they are not to be trusted. My experience with them is that they are incredibly disorganized and inept, often gave me false and misleading statements and have real issues communicating at any level that would be considered acceptable. They also showed zero respect for my time or following through on what they had committed to do. All of this resulted in me losing time, money and expending a tremendous amount of effort for ultimately no reason. Simply horrendous on every level and I could not recommend a company less then EcoSmart.
4.39 33 Reviews
DonnaD, over 1 month
Getting solar panels was a major decision for my family and me, and some of the concerns we had were related to the quality, experience and professionalism of the solar company we chose to go with. Dealing with Aegis gave us confidence that the job would be done right. From the beginning, their client manager Nathan Hernandez was knowledgeable and responsive. He was sensitive to the aesthetics of the panel grid on the front of our house and scaled the system to accommodate our new plug-in hybrid car. The Aegis install team consisted of experienced individuals who have worked with the company for many years. Their office staff answers the phone directly and they address your questions immediately. Everything about this company is well done. We actually started down the solar path with a different company but soon realized they didn’t pay attention to details which was disconcerting, so we made the switch. Very glad we went with Aegis!!!
Read more
Average cost (5kW system)
$21,800 ($4.36 per watt)
DonnaD, over 1 month
Getting solar panels was a major decision for my family and me, and some of the concerns we had were related to the quality, experience and professionalism of the solar company we chose to go with. Dealing with Aegis gave us confidence that the job would be done right. From the beginning, their client manager Nathan Hernandez was knowledgeable and responsive. He was sensitive to the aesthetics of the panel grid on the front of our house and scaled the system to accommodate our new plug-in hybrid car. The Aegis install team consisted of experienced individuals who have worked with the company for many years. Their office staff answers the phone directly and they address your questions immediately. Everything about this company is well done. We actually started down the solar path with a different company but soon realized they didn’t pay attention to details which was disconcerting, so we made the switch. Very glad we went with Aegis!!!
Where there is no specific pricing information available for a brand then we have used state pricing data for that brand.
Solar panel manufacturer | Avg. cost per watt |
---|---|
Canadian Solar | $2.43 |
LG Solar | $2.89 |
SunPower | $3.04 |
Panasonic | $2.93 |
LONGi Solar | $2.34 |
The most important difference between buying solar panels and any other purchase is that solar panels last 25-30 years. This is a long, long time and you will need customer service over all that time. The reviews below of the two largest corporate solar installation companies indicate larger corporate solar companies are not delivering this support to their customers.
We recommend you find a small or mid-size, local, family-owned solar company. These companies tend to care more about you and your specific job. You don't want to be on hold to a corporation's call center for the next 25 years!
The cost of solar doesn't just include the equipment and installation costs - it’s also made up of permitting costs, inspection costs, and installer profit margins.
These different components are what make the price of solar fluctuate between installations. Some of the factors that affect solar power system installation costs for specific homes include:
Homes that use more electricity will need more solar panels to cover their energy needs.
Although solar panels do get cheaper on a per-watt basis, the overall cost of the system will increase as more panels are added.
But, the higher a home’s energy usage, the more solar panels can save the homeowners on their energy bills.
The price of solar panels can vary depending on the type of solar panels you choose.
There are two main types of solar panels for residential solar installations: monocrystalline and polycrystalline. Monocrystalline solar panels tend to be more efficient and more expensive than other solar panels. Polycrystalline panels have a lower efficiency rating and come at a lower price point.
The type of inverter you buy will also influence the cost of your solar system.
You may see some solar quotes with prices that seem too good to be true.
If you get quoted for a ridiculously cheap price, the installer might be using low-quality equipment or an unsustainable pricing model. You want to use a solar installer that is charging enough so that they can stay in business - as you’ll be relying on them for the next 25 years!
It’s important to make sure that your installer is giving you the best quality at the best price possible. This is why getting multiple solar quotes is so important.
The overall cost of solar can be influenced by the solar incentives available.
Across the U.S., homeowners can apply for the federal solar tax credit. The solar tax credit makes installing solar more cost-effective by providing homeowners with a tax credit equal to 30% of the cost of their installed solar panel system.
Local solar tax incentives and rebates can end up saving homeowners thousands on a solar installation, especially when they’re used with the federal solar tax credit.
See what solar incentives are available in your area by using our solar panel calculator.
The cost of installing residential solar panels in Hartford varies with the brand of solar panels and inverters you choose, the installation company you choose to install them, the relative ease or difficulty of installing solar panels on your home, and of course the amount of solar panels you need. The amount of solar panels you need is, in turn, related to your energy usage.
The table below shows the data extracted from a real life quote delivered through the SolarReviews marketplace recently for a fairly typical home in Hartford.
As you can see the payback period is relatively short and equates to a much better return on investment than he historical returns that have been available from investing in things like shares or property.
System information | Value |
---|---|
System Size (for 100% usage offset) | 8.35 kW |
Annual power generation | 14,141 kWh |
Pay-back time (assuming Cash purchase) | 8.5 Years |
Internal rate of return (IRR) on investment | 8% |
Gross cost | $20,797 |
Total Upfront Incentives and Rebates | -$6,407 |
Net Cost of System after rebated and incentives | $14,390 |
Total Cost of Utility Power Avoided over 25 years | $54,995 |
Please note that the investment return figures do not include the possible increase in property value