Cost to install solar panels in ct

How much do solar panels cost in Connecticut?

As of August 2024, the average solar panel system costs $3.05/W including installation in Connecticut. For a 5 kW installation, this comes out to about $15,245 before incentives, though prices range from $12,958 to $17,532. After the federal tax credit, the average price drops by 30%. You'll probably pay even less than what we show here.

How much does a 5 kW solar system cost in Connecticut?

While a 5 kW system will only cost you $15,245 in Connecticut, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill. Are solar panels worth it in Connecticut?

How can I pay for a solar installation in CT?

When considering a solar installation in CT, you have several options for payment, including purchasing, leasing, and financing. If you finance your solar installation through a solar company in CT, you can expect payments to be set on a 20- or 25-year term at a 1.99% interest rate, based on our findings. In some cases, payment timelines can also be customized.

Should you install solar panels in Connecticut?

Connecticut is better known for its historic homes and white sandy beaches than for its ample sunshine. But with affordable state financing options and some of the highest electricity rates, it's still a great place to install solar panels. In fact, as long as you have the right roof, solar makes sense for most Connecticut homeowners.

Are solar panels tax deductible in Connecticut?

The fees for these vary from town to town. The federal solar investment tax credit (ITC) is the best financial incentive for going solar in Connecticut. If you're installing a residential solar panel system by the end of 2032, you can deduct 30% of the price of your system from your federal taxes. That includes equipment, labor and permits.

What are the best solar panel installation companies in Connecticut?

The best solar panel installation companies in Connecticut offer a wide range of these financing options. Two that stand out are Green Power Energy and Momentum Solar. If you’d like to keep your financing options open, we recommend including both of these companies in your search.