*Prices are shown after applying the 30% federal tax credit.
As of Apr 2024, the average cost of solar panels in Bloomfield is $2.43 per watt making a typical 6000 watt (6 kW) solar system $10,194 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 | $2.65 | $7,427 |
5kW | $2.54 | $8,905 |
6kW | $2.43 | $10,194 |
7kW | $2.40 | $11,760 |
8kW | $2.41 | $13,519 |
9kW | $2.35 | $14,836 |
10kW | $2.33 | $16,296 |
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
4.80 76 Reviews
TR, over 1 month
This expert team handled every angle of my solar project starting immediately when I contacted them. Their strength lies in dedicating knowledgeable people to each step, or task, involved in the process. Quick response initially, and for all subsequent questions and projects. Excellent communication from day one and as the project progressed. Required paperwork and permits were handled by SBS staff, with minimum time involvement on my part, and they were able to achieve an incredibly quick turnaround time. SBS got to the install 3 weeks BEFORE scheduled. All staff is friendly and approachable. I really appreciate all their hard work and so happy to have my system up and running!
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TR, over 1 month
This expert team handled every angle of my solar project starting immediately when I contacted them. Their strength lies in dedicating knowledgeable people to each step, or task, involved in the process. Quick response initially, and for all subsequent questions and projects. Excellent communication from day one and as the project progressed. Required paperwork and permits were handled by SBS staff, with minimum time involvement on my part, and they were able to achieve an incredibly quick turnaround time. SBS got to the install 3 weeks BEFORE scheduled. All staff is friendly and approachable. I really appreciate all their hard work and so happy to have my system up and running!
4.78 100 Reviews
Stefan Stern, over 1 month
Great to work with! Very knowledgeable and very good communication. I can highly recommend ThirstyLakeSolar.
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Stefan Stern, over 1 month
Great to work with! Very knowledgeable and very good communication. I can highly recommend ThirstyLakeSolar.
4.67 63 Reviews
Anonymous, over 1 month
Not only were they great to work with during the planning and installation, when we had trouble with an inverter several years later, they arranged for a warranty repair that cost us nothing. Working on our second system with them now.
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Anonymous, over 1 month
Not only were they great to work with during the planning and installation, when we had trouble with an inverter several years later, they arranged for a warranty repair that cost us nothing. Working on our second system with them now.
4.58 35 Reviews
Michael Smith, over 1 month
OnSite was a pleasure to work with. They kept me fully informed of my solar installation from when I first reached out to them until the project was completed and directing electrons into my electrical system and the grid. The quality of their workmanship is outstanding. All the technicians who worked on my installation were qualified and highly trained. Furthermore, I appreciated their professionalism and willingness to answer all my questions.
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Michael Smith, over 1 month
OnSite was a pleasure to work with. They kept me fully informed of my solar installation from when I first reached out to them until the project was completed and directing electrons into my electrical system and the grid. The quality of their workmanship is outstanding. All the technicians who worked on my installation were qualified and highly trained. Furthermore, I appreciated their professionalism and willingness to answer all my questions.
4.57 116 Reviews
Ashley , 2 days ago
Left a big trench in our back yard, also cut into our tiling pipe and left it all that way. Now that my friend tried using them they came to hook her up and half of the power in her house isn’t working now and no one from this company will respond to her phone calls, text or emails.
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Ashley , 2 days ago
Left a big trench in our back yard, also cut into our tiling pipe and left it all that way. Now that my friend tried using them they came to hook her up and half of the power in her house isn’t working now and no one from this company will respond to her phone calls, text or emails.
4.53 11 Reviews
Christopher S, over 1 month
Excellent service every time. These people really know their stuff. They spaced my panels perfectly on my roof. Highly Recomended !
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Christopher S, over 1 month
Excellent service every time. These people really know their stuff. They spaced my panels perfectly on my roof. Highly Recomended !
4.30 21 Reviews
Whitney Lake, over 1 month
This is my third system installed by Planetary Systems. They are our neighbors. The building is to be an experimental lab.<br />
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Whitney Lake, over 1 month
This is my third system installed by Planetary Systems. They are our neighbors. The building is to be an experimental lab.<br />
4.25 64 Reviews
TPS, over 1 month
Great experience
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Average cost (5kW system)
$26,200 ($5.24 per watt)
TPS, over 1 month
Great experience
Geoff Ogden, over 1 month
<br />
4.06 16 Reviews
Thomas J. Elpel, over 1 month
Oasis Montana custom designed our photovoltaic system back in 2002. The system has worked great over the past twenty years, although there has been some wind damage to the Zomeworks Passive Solar Trackers, especially the aluminum reflectors. Whatever issue has arisen, Oasis Montana has helped track down solutions, providing stellar customer service twenty years after the sale!
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Thomas J. Elpel, over 1 month
Oasis Montana custom designed our photovoltaic system back in 2002. The system has worked great over the past twenty years, although there has been some wind damage to the Zomeworks Passive Solar Trackers, especially the aluminum reflectors. Whatever issue has arisen, Oasis Montana has helped track down solutions, providing stellar customer service twenty years after the sale!
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 | $2.26 |
LG Solar | $2.69 |
SunPower | $2.83 |
Panasonic | $2.73 |
LONGi Solar | $2.18 |
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 Bloomfield 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 Bloomfield.
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) | 11.47 kW |
Annual power generation | 15,856 kWh |
Pay-back time (assuming Cash purchase) | 9.9 Years |
Internal rate of return (IRR) on investment | 5.4% |
Gross cost | $28,016 |
Total Upfront Incentives and Rebates | -$7,286 |
Net Cost of System after rebated and incentives | $20,736 |
Total Cost of Utility Power Avoided over 25 years | $67,246 |