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Solar Panel Cost in New Haven, Connecticut
Local pricing, savings, and net metering data for New Haven homeowners.
$1,460
Annual Savings
7.6 yrs
Payback Period
$11,105
Net Cost
$38,765
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in New Haven
System Size
5 kW
Annual Production
6,134 kWh
Gross System Cost
$18,007
Federal Tax Credit (30%)
-$5,402
State Incentive
-$1,500
Net Cost
$11,105
Monthly Savings
$122
CO₂ Offset/yr
5,644 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityUnited Illuminating
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.238/kWh
Peak Sun Hours4.2 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,500
Connecticut State Incentive — Connecticut offers a Residential Solar Investment Program rebate.
Common Questions
How much does solar cost in New Haven?
Solar in New Haven, Connecticut costs approximately $18,007 for a 5 kW system. After the 30% federal tax credit, your net cost is about $11,105.
What is the solar payback period in New Haven?
The estimated payback period for solar in New Haven is 7.6 years, based on a $150/month electric bill and local sun hours of 4.2 hrs/day.
Does United Illuminating offer net metering?
United Illuminating offers Full Retail net metering. Full retail rate.