Solar Panels Cost 5.1k-15k in Naugatuck, CT | October, 2024

Solar Panels Cost $5.1k-$15k in Naugatuck, CT | October, 2024

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How much do solar panels cost in Naugatuck, CT in 2024?

Having solar installed costs $3.69/W in Naugatuck, CT in October, 2024.

It will cost $3,690, on average, per 1000 watts (1 kW) of capacity that your solar panels have. With a 30% federal tax credit, the typical price for a 5 kW solar installation in Naugatuck is approximately $12,915. Depending on your energy usage habits, you may need a bigger system.

To the left, you can choose your county to see the typical roof size and average maximum capacity for residential solar on homes in your area. You can also see an overview of the costs, payback period and 20 year average savings for a 5 kW system in your county below.

Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Naugatuck: $12,915US Average: $12,562
Average Payback Period The number of years until you break even on the solar investment.
Naugatuck: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Naugatuck: $28,492US Average: $15,784

Solar Potential in Naugatuck

Estimated system size and solar electricity production per median viable roof in
Naugatuck.

Roof size 536sq. ft.
Capacity 7.5kW DC
Electricity 8.6kkWh AC per yr.

Electricity Costs in Naugatuck, CT & What that Means for Your Solar Panel Pricing

On average, Naugatuck residents use 692 kWh each month, and the electric bill is $195.59. Keep in mind that apartments and smaller dwellings, which generally have reduced energy requirements, are included in this statistic.

The electricity rate per kWh in Naugatuck, CT for October 2024 is on average 28.26¢.

In Naugatuck, a typical electricity user's needs will usually be entirely accounted for by a solar panel system of 6 kW or more. Upfront, a 6 kW setup will cost you $22,140, but after the 30% federal tax credit, the total cost is $15,498.

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Average solar panel costs by system size in Naugatuck

To the left, you will find a breakdown of prices for different solar panel system sizes installed in Naugatuck. With more extensive solar systems, the price rises, but so do the electricity savings and the income tax credits you can receive.

Look at the solar panel cost calculator below and to the right to see the cost and benefit details calculated from an average $195.59 electric bill in Naugatuck. Adjust the $195.59 to your typical electricity bill payment for results that are tailored to you.

System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $790 a year
Est. Price
$5,166
Savings from a 2kWthis system
  • Est. yearly production 2,822 kWh
  • Est. monthly savings $66
  • Full payback in 2 years
Environmental Impacts
  • Reduces CO2 emissions by 0.64 tons a year
  • Equivalent to planting 29 trees a year
  • Equivalent to driving 1,582 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $1,185 a year
Est. Price
$7,749
Savings from a 3kWthis system
  • Est. yearly production 4,233 kWh
  • Est. monthly savings $99
  • Full payback in 3 years
Environmental Impacts
  • Reduces CO2 emissions by 0.96 tons a year
  • Equivalent to planting 44 trees a year
  • Equivalent to driving 2,374 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $1,580 a year
Est. Price
$10,332
Savings from a 4kWthis system
  • Est. yearly production 5,645 kWh
  • Est. monthly savings $132
  • Full payback in 4 years
Environmental Impacts
  • Reduces CO2 emissions by 1.28 tons a year
  • Equivalent to planting 59 trees a year
  • Equivalent to driving 3,165 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $1,976 a year
Est. Price
$12,915
Savings from a 5kWthis system
  • Est. yearly production 7,056 kWh
  • Est. monthly savings $165
  • Full payback in 6 years
Environmental Impacts
  • Reduces CO2 emissions by 1.6 tons a year
  • Equivalent to planting 73 trees a year
  • Equivalent to driving 3,956 mi less a year
System Size 6kW
Roof Size Min. space required
429 ft²
Electricity Value Annual Production $2,371 a year
Est. Price
$15,498
Savings from a 6kWthis system
  • Est. yearly production 8,467 kWh
  • Est. monthly savings $196
  • Full payback in 7 years
Environmental Impacts
  • Reduces CO2 emissions by 1.9 tons a year
  • Equivalent to planting 87 trees a year
  • Equivalent to driving 4,710 mi less a year

Naugatuck Solar Panel Installation Incentives & Rebates | 2024

Rural small business and farm owners might benefit from the REAP Grant, which could cover 80% to 100% of their solar energy or wind energy installation expenses. Curious if you fall into this category? Confirm your eligibility with our REAP Grant eligibility tool.

With the availability of a 30% federal income tax credit, solar energy becomes a feasible solution for most homeowners, particularly in numerous parts of the country. A number of state and local programs are set up to increase the adoption of solar energy.

In Connecticut, 20 solar rebates and incentives are currently available from different utilities and government agencies.

Solar incentives in CT

The United Illuminating Company - ZREC and LREC Long Term Contracts

Value:Up to $98.18

With the Sherpa Predevelopment program at the Connecticut Green Bank, owners of multifamily residential property over five units may be eligible for specialized loans to fund energy efficiency predevelopment procedures. The Sherpa loan differs from the Navigator loan in its clear-cut staged approach, much of which is overseen by partner company New Ecology. In each of the three phases, New Ecology contractors will conduct energy baselining and auditing and draft designs for proposed projects. Loans can cover up to 75% of predevelopment expenditures, with the owner covering fixed copay amounts upfront. Additional information is available from the CGB website.

Low-Interest Loans for Customer-Side Distributed Resources

Value:Varies

Connecticut's public utility regulator, in partnership with Bank of America's leasing division, offers specialized financing to utilities installing distributed energy equipment. Any photovoltaic, wind, or fuel cell generation system with a capacity ranging from 50 kW to 65 MW qualifies for financing, as do peak reduction and demand response devices. Customers must be located within either the Eversource or United Illuminating grids to qualify, and financing will subsidize only the portion of project costs not already funded by the Connecticut Clean Energy Fund. Additional information is available through the State of Connecticut website.

Net Metering

Value:Varies

Both Eversource and United Illuminating compensate renewable energy customers through net metering arrangements. Excess energy generated by a customer's interconnected solar, wind, biomass, fuel cell, hydroelectric, or other renewable energy system is "sold back" to the utility at a fixed rate per kilowatt hour. The total amount will be paid as a credit on the customer's energy bill. At the end of the year, should excess generation exceed consumption, the utility will make a cash payment for the remaining energy. Information on specialized net metering programs, including virtual net metering for microgrids and agricultural/commercial facilities, are available from the Connecticut Department of Energy and Environmental Protection.

Local Option - Commercial PACE Financing

Value:Varies

Beginning in 2012, the C-PACE program has served as an "open marketplace" for commercial property owners to acquire offers and financing on energy efficiency improvement projects. Under the program, owners may utilize the marketplace to communicate directly with the lenders and contractors of their choice and arrange a specialized energy efficiency loan. Effectively, PACE loans come from the local government. Payments are not collected by conventional means; rather, local property tax assessors will service the loan by placing a non-accelerated lien (senior to mortgages) on the property. This means that should the owner sell or transfer their property, payments will become the responsibility of the new owner. Certain safeguards are in place per FHFA directives, including loss reserve funds and disclosures. Additional information is available through the C-PACE website.

Connecticut Clean Energy Fund

Value:Varies

Connecticut's Clean Energy Fund was established in 1998 to support state investment and research in renewable energy. The Fund is administered by the Connecticut Green Bank and supported through a $0.001 cent/kWh surcharge on most customer electric bills. State legislators have granted the Green Bank a significant degree of autonomy in determining areas of investment; as such, it has participated in public/private partnerships to build renewable capital and established a PACE program as some of its more notable initiatives.

Sales and Use Taxes for Items Used in Renewable Energy Industries

Value:Varies

Beginning in 2010 with the passage of H.B. 5435, Connecticut offers sales/use tax exemptions on equipment used to manufacture solar PV/thermal, wind, and geothermal energy systems. Additional information on the exemptions can be found on the Connecticut Department of Revenue Services website.

Building Energy Code

Value:Varies

State code compliance for renewable energy systems is managed by Connecticut's Office of the State Building Inspector. Localities will forward construction plans to the OSBI as a part of the compliance process, with the Department of Public Safety approving variances as needed. State building codes include the 2012 version of the International Energy Conservation Code along with establishing other energy efficiency requirements for new construction. Any residence up to four units in size is subject to the new codes. Any new building above a projected cost of $5 million or renovation above a projected cost of $2 million must meet LEED Silver certification or its equivalent. The builders need not seek formal certification, but should nonetheless follow the respective standards. Connecticut localities must include permit processes for rooftop solar panels and other PV systems. Applications should be accessible online and have a maximum review period of 30 days, taking into account state building codes in addition to local ordinances.

Solar and Wind Contractor Licensing

Value:Varies

Solar and wind power contractors in Connecticut must obtain specialized licenses through the Connecticut Department of Consumer Protection. PV-1 is a limited license allowing contractors to work with solar and wind systems exclusively. Qualified contractors should have two years (4,000 hours) of apprentice/journeyman experience and 144 hours of vocational education. PV-2 is a limited license allowing journeymen to work with solar and wind systems under the supervision of an electrical contractor. Qualified journeymen should have completed an apprenticeship or have one year of vocational education. ST-1 is a full contractor's license allowing work on solar systems exclusively. Qualified contractors should have two years of journeyman experience or equivalent vocational education. ST-2 is a limited journeyman's license allowing work on solar systems exclusively. Qualifying journeymen should have completed their apprenticeship in solar work. The DCP also issues apprentice permits for solar system work under the supervision of a contractor or journeyman. Electrical contractors with E-1 or E-2 licenses, plumbers with P-1 through P-4 licenses, and HVAC contractors with S-1 through S-4 licenses do not need an additional solar license so long as they take the proper educational courses and pass an assessment.

Low-Income Multifamily Energy Loan Program

Value:Varies

With the Sherpa Predevelopment program at the Connecticut Green Bank, owners of multifamily residential property over five units may be eligible for specialized loans to fund energy efficiency predevelopment procedures. The Sherpa loan differs from the Navigator loan in its clear-cut staged approach, much of which is overseen by partner company New Ecology. In each of the three phases, New Ecology contractors will conduct energy baselining and auditing and draft designs for proposed projects. Loans can cover up to 75% of predevelopment expenditures, with the owner covering fixed copay amounts upfront. Additional information is available from the CGB website.

Eversource - Small ZREC Tariff

Value:Varies

With the Sherpa Predevelopment program at the Connecticut Green Bank, owners of multifamily residential property over five units may be eligible for specialized loans to fund energy efficiency predevelopment procedures. The Sherpa loan differs from the Navigator loan in its clear-cut staged approach, much of which is overseen by partner company New Ecology. In each of the three phases, New Ecology contractors will conduct energy baselining and auditing and draft designs for proposed projects. Loans can cover up to 75% of predevelopment expenditures, with the owner covering fixed copay amounts upfront. Additional information is available from the CGB website.

Smart-E loans

Value:Varies

"Smart-E" loans are specialized financial products offered through the Connecticut Green Bank and state Clean Energy Fund for residential renewable energy investments and energy efficiency improvement projects. Special loan terms include no down payment and below-market interest. Qualifying projects for Smart-E financing are broad and may include any project or device that quantitatively improves the energy efficiency of a home. Standard credit checks, administrative fees, and conditions may apply. Additional information is available directly from the CGB website.

Energy Conservation Loan

Value:Varies

Capital for Change is a Connecticut-based organization offering specialized loans for homeowners making energy efficiency improvements. The loan's payoff period can last for up to twelve years, with interests rates depending on the homeowner's income. No-interest loans are available for households below 50% of the median income line. Applicants should submit copies of mortgage statements and past tax returns. Additional information is available from the Capital for Change website.

The United Illuminating Company - Small ZREC Tariff

Value:Varies

With the Sherpa Predevelopment program at the Connecticut Green Bank, owners of multifamily residential property over five units may be eligible for specialized loans to fund energy efficiency predevelopment procedures. The Sherpa loan differs from the Navigator loan in its clear-cut staged approach, much of which is overseen by partner company New Ecology. In each of the three phases, New Ecology contractors will conduct energy baselining and auditing and draft designs for proposed projects. Loans can cover up to 75% of predevelopment expenditures, with the owner covering fixed copay amounts upfront. Additional information is available from the CGB website.

Multifamily Sherpa Pre-Development Energy Loan Program

Value:Varies

With the Sherpa Predevelopment program at the Connecticut Green Bank, owners of multifamily residential property over five units may be eligible for specialized loans to fund energy efficiency predevelopment procedures. The Sherpa loan differs from the Navigator loan in its clear-cut staged approach, much of which is overseen by partner company New Ecology. In each of the three phases, New Ecology contractors will conduct energy baselining and auditing and draft designs for proposed projects. Loans can cover up to 75% of predevelopment expenditures, with the owner covering fixed copay amounts upfront. Additional information is available from the CGB website.

Renewables Portfolio Standard

Value:Varies

Connecticut first established a Renewable Portfolio Standard in 1998, requiring all electric utilities in the state to source 24% of their energy from renewable sources by 2020. Various amendments have been passed since then raising the standard. Compliance with the standard is measured using two types of Renewable Energy Credits pegged to a fluctuating dollar value: one representing zero-emission renewables and another representing low-emission renewables. Each possible energy source is grouped into classes that may yield different amounts of RECs. The state has set a generation target for each class. Additional information is available from the Connecticut state website.

Connecticut Green Energy Building Solutions

Value:Varies

With the Sherpa Predevelopment program at the Connecticut Green Bank, owners of multifamily residential property over five units may be eligible for specialized loans to fund energy efficiency predevelopment procedures. The Sherpa loan differs from the Navigator loan in its clear-cut staged approach, much of which is overseen by partner company New Ecology. In each of the three phases, New Ecology contractors will conduct energy baselining and auditing and draft designs for proposed projects. Loans can cover up to 75% of predevelopment expenditures, with the owner covering fixed copay amounts upfront. Additional information is available from the CGB website.

Eversource - ZREC and LREC Long Term Contracts

Value:Varies

With the Sherpa Predevelopment program at the Connecticut Green Bank, owners of multifamily residential property over five units may be eligible for specialized loans to fund energy efficiency predevelopment procedures. The Sherpa loan differs from the Navigator loan in its clear-cut staged approach, much of which is overseen by partner company New Ecology. In each of the three phases, New Ecology contractors will conduct energy baselining and auditing and draft designs for proposed projects. Loans can cover up to 75% of predevelopment expenditures, with the owner covering fixed copay amounts upfront. Additional information is available from the CGB website.

Multifamily Navigator Pre-Development Energy Loan Program

Value:Varies

With the Sherpa Predevelopment program at the Connecticut Green Bank, owners of multifamily residential property over five units may be eligible for specialized loans to fund energy efficiency predevelopment procedures. The Sherpa loan differs from the Navigator loan in its clear-cut staged approach, much of which is overseen by partner company New Ecology. In each of the three phases, New Ecology contractors will conduct energy baselining and auditing and draft designs for proposed projects. Loans can cover up to 75% of predevelopment expenditures, with the owner covering fixed copay amounts upfront. Additional information is available from the CGB website.

Residential Solar Investment Program

Value:Varies

The Connecticut Green Bank has overseen a Residential Solar Investment Program since 2012. The program's objective is to add 300 MW of residential solar PV to the state's grid by 2022 through incentivizing new installations. "Investment" incentives are available to residential properties of four families maximum linked to the Eversource or United Illuminating grids. Installation contractors may apply a "buydown" performance-based incentive at the time of purchase. Some customers may instead receive performance-based incentives at a kilowatt hour rate for the first six years of use. To receive the incentive, customers must undergo energy efficiency audits and select a qualifying contractor determined by CGB.

Local Option - Residential Sustainable Energy Program

Value:Varies

Beginning in 2011, the Connecticut legislature authorized local governments to establish their own PACE programs for homeowners to acquire offers and financing on energy efficiency improvement projects. Under a typical program, homeowners may utilize the marketplace to communicate directly with the lenders and contractors of their choice and arrange a specialized energy efficiency loan. Effectively, PACE loans come from the owner's local government. Payments are not collected by conventional means; rather, local property tax assessors will service the loan by placing a non-accelerated lien (senior to mortgages) on the property. This means that should the owner sell or transfer their property, payments will become the responsibility of the new owner. Certain safeguards are in place per FHFA directives, including loss reserve funds and disclosures. The directives also barred Fannie Mae and Freddie Mac from acquiring mortgages on property with standing PACE liens. Additional information is available through the C-PACE website.

Are solar panels worth it in Connecticut?

If your goal is to own your home well past the payback period of your solar system, solar panels are an clear choice in Naugatuck. A 5 kW solar system in Naugatuck, CT could potentially save you $34,026.6 over the course of 20 years, with the break even point averaging at 6 years.

The cost of not having solar panels in Naugatuck, CT

Opting not to have solar panels or a separate backup energy solution results in you missing out on the savings noted earlier and leaves you fully reliant on your electric utility for electricity. As shown by recent news stories, total reliance on your utility company is not always ideal.

Annually, customers in Naugatuck face approximately 0.7 outages each year. Outages typically last for an average of 73.57 minutes. Major occurrences like planned maintenance, overloaded power grids or high winds can lead to a significant rise in these time frames.

Regardless of whether a backup battery is present, a solar panel system could reduce the impact of future power outages you might face.

Power Outages

Currently, 0 customers are being tracked in New Haven County.

Learn more

Customers Out:

0

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What impacts the cost of solar panels in Naugatuck, CT?

Your Energy Needs - With larger solar panel systems, the cost per watt decreases, despite the greater upfront expense. Many consumers realize it's a great idea to install a solar system that can make enough power to replace their electric bill, because it helps them reduce costs.

Make & Model - Just like other products, solar panels come in a variety of makes and models. The brand preferences of your chosen installer can make it crucial to select a highly rated company. The utilization of high-quality models is expected to provide a more satisfactory long-term experience for buyers.

Solar Panel Type - Monocrystalline panels have become the industry standard, and for valid reasons. Despite the higher price tag, these panels provide greater energy output. The majority of installation experts use panels constructed from this material.

Your Property - Things like rough terrain, trees, or other challenges may cause the installation to be more difficult. With the use of satellite images, the majority of solar installers nowadays can assess your home and incorporate these considerations into the initial cost estimate.

Labor Rates - The wages that companies offer their employees are different, and these expenses are inevitably reflected in consumer prices. Companies paying higher wages usually garner better reviews for their services and customer service.

Permitting & Interconnection - Local permitting and utility level interconnection fees change by area and will affect your final install price. That said, reputable local installers will be able to build these numbers into your first quotes so there are no surprises.

See what solar panels cost in other CT cities

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Who are the best solar installers in Naugatuck?

Freedom Forever

Temecula, CA(800) 685-1850

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Academy Energy Group

Newburgh, IN(812) 518-2150

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Auditing of energy requirements for independent energy generation.
  • Reparation of solar arrays.

Powur PBC

Del Mar, CA(866) 467-6987

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.

Croton Energy Group

Croton-on-Hudson, NY(914) 862-4177

Services

  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

Green Power Energy

Annandale CDP, NJ(844) 584-0008

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.
  • Monitoring of independent energy generation.

Plug PV

Albany, NY(518) 948-5316

Services

  • Installation of batteries for energy storage.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Monitoring of independent energy generation.

Sunlight Solar Energy

Bend, OR(541) 322-1910

Services

  • Solar systems for selling electricity back to the grid.
  • Consulting on all things solar related.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Reparation of solar arrays.
  • Installation of batteries for energy storage.

Dividend Finance

San Francisco, CA(415) 805-7000

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.
  • Installation of solar arrays.

CES

Middletown, CT(860) 632-1682

Services

  • Consulting on all things solar related.
  • Auditing of energy requirements for independent energy generation.
  • Installation of solar arrays.

Palmetto Solar

Charleston, SC(855) 339-1831

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

SunPower Corporation

San Jose, CA(800) 786-7693

Services

  • Monitoring of independent energy generation.
  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Reparation of solar arrays.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

Silver Sun Solar

Deltona, FL(340) 227-7785

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

ConEdison Solutions

Valhalla CDP, NY(914) 286-7000

Services

  • Consulting on all things solar related.
  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.

Venture Home Solar

New York, NY(888) 417-2086

Services

  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.
  • Installation of batteries for energy storage.

Sunrun

San Francisco, CA(833) 394-3384

Services

  • Installation of solar arrays.
  • Monitoring of independent energy generation.
  • Installation of batteries for energy storage.
  • Expertise in consulting on advantageous financing for solar.
  • Solar systems for selling electricity back to the grid.

Sunnyside Solar

(802) 280-7319

Services

  • Installation of solar arrays.
  • Solar systems for selling electricity back to the grid.
  • Installation of batteries for energy storage.

Entegrity

Little Rock, AR(800) 700-1414

Services

  • Expertise in consulting on advantageous financing for solar.
  • Installation of solar arrays.

Venture Solar

(888) 417-2086

Services

  • Solar systems for selling electricity back to the grid.
  • Installation of solar arrays.
  • Expertise in consulting on advantageous financing for solar.

City Electric Supply

Dallas, TX(866) 634-9853

Services

  • Expertise in consulting on advantageous financing for solar.
  • Consulting on all things solar related.
  • Installation of solar arrays.

Precision Renewables

Snyderville CDP, UT(435) 602-4120

Services

  • Installation of solar arrays.
  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.

PurePoint Energy

Norwalk, CT(203) 989-2905

Services

  • Installation of batteries for energy storage.
  • Solar systems for selling electricity back to the grid.
  • Monitoring of independent energy generation.
  • Reparation of solar arrays.
  • Installation of solar arrays.

Naugatuck, CT Solar Panel Cost FAQs

  • As of October, 2024, the average per-watt cost for solar panels in Naugatuck, CT is $3.69/W. The installation of a 5 kW solar panel system in Naugatuck, CT will cost about $12,915 after federal tax credits.
  • If you live in Connecticut, you can find 20 rebates and incentives through different utilities and government agencies. In addition, the 30% federal income tax credit is available to almost everyone.
  • Even though cash payments offer the greatest savings, several financing options for solar panels today are also cost-effective. Many installers collaborate with financing partners and will provide this information in your initial quotes.
  • Yes, the typical duration for 5 kW solar panel systems to pay back their cost in Naugatuck, CT is 6 years, with electricity savings estimated at $34,026.6 over 20 years.
Alex Zdanov
Last Reviewed By: Alex Zdanov
Published: 2024-10-01