The cost of solar panels in New Haven, CT (2024)

Updated Mar 15, 2024

  • You'll pay an average of $15,809 to install a 5 kilowatt solar panel system in New Haven, CT, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

  • With EnergySage's competitive marketplace, you can expect to see prices up to 20% lower than if you work with a single company.

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Written by: Emily Walker

As of April 2024, the average solar panel system costs $3.16/W including installation in New Haven, CT. For a 5 kW installation, this comes out to about $15,809 before incentives, though prices range from $13,438 to $18,180. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in New Haven, CT

Good Price
$13,438 or less
Market Average
$15,809
High Price
$18,180 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or New Haven, CT state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $15,809 in New Haven, CT, 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.

Average solar cost by system size in New Haven, CT

System Size
System Cost
System Cost (after ITC)
3 kW$9,485$6,640
4 kW$12,647$8,853
5 kW$15,809$11,066
6 kW$18,970$13,279
7 kW$22,132$15,492
8 kW$25,294$17,706
9 kW$28,456$19,919
10 kW$31,617$22,132

Are solar panels worth it in New Haven, CT?

Solar panels are worth it in most areas, including New Haven, CT. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $59,989 over 20 years on electricity costs with a 5 kW system in New Haven, CT. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

If you don't have access to net metering, these estimates don't account for utility net billing rates.

Payback Period
6.28 Years
20-Year Savings
$59,989
Cost-per-Watt
$3.16

If you can't shell out $15,809 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in CT, here are some popular suggestions:

  • Infinity Energy (Infinity Solar Systems LLC)
    Multi-state
    Established 2008
    Elite+ Installer
    Infinity offers the highest quality of products at the most aggressive prices. With in house roofing, siding, and...
    Elite+ Installer
    Screened & Verified
    5.0 /5.0
    34 Reviews

    Infinity offers the highest quality of products at the most aggressive prices. With in house roofing, siding, and...
  • Green Power Energy
    Durham, CT
    Established 2009
    Elite+ Installer
    Green Power Energy offers a variety of flexible financing options to ensure that the solar program you choose is ...
    Elite+ Installer
    Screened & Verified

    Green Power Energy offers a variety of flexible financing options to ensure that the solar program you choose is ...
  • PlugPV
    Glastonbury, CT
    Established 2017
    Elite+ Installer
    Your Sun, Your Power, Your Way. We want you to save money on your electric bill, and we think going solar should...
    Elite+ Installer
    Screened & Verified

    Your Sun, Your Power, Your Way. We want you to save money on your electric bill, and we think going solar should...
  • NuWatt Energy
    Glastonbury, CT
    Established 2010
    Elite+ Installer
    At NuWatt Energy, we strive to empower our clients by offering genuine energy independence and enhanced efficienc...
    Elite+ Installer
    Screened & Verified

    At NuWatt Energy, we strive to empower our clients by offering genuine energy independence and enhanced efficienc...
  • Premier Improvements Solar
    West Hartford, CT
    Elite Installer
    *Full 25Yr Warranty Minimum on All Equipment (Parts, Labor, Shipping)
    *Custom Designs
    *Local (West Hartford) & Hone...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    27 Reviews

    *Full 25Yr Warranty Minimum on All Equipment (Parts, Labor, Shipping)
    *Custom Designs
    *Local (West Hartford) & Hone...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in New Haven, CT.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in New Haven, CT. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

Save time & money

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