Solar Savings Calculator for Norwalk, CT

Homeowners in Norwalk pay an average of $220/month for electricity through Eversource Energy. With 4.3 peak sun hours per day, solar panels can significantly reduce your energy costs.

$220
Avg Monthly Bill
29.5¢/kWh
Electricity Rate
4.3h/day
Peak Sun Hours
$79,761
Est. 25-Year Savings

Calculate Your Savings in Norwalk

Adjust Your Details for Norwalk, CT

$
$50$1,000
50010,000
50¢

Your Estimated Solar Savings

System Size
6 kW
Panel Count
15 panels
Total System Cost
$17,400
Federal Tax Credit (30%)
-$5,220
Net Cost
$12,180
Annual Savings
$2,640
Payback Period
4.6 years
25-Year Savings
$79,761
Return on Investment
655%

* Estimates based on 4.3 peak sun hours/day in Norwalk, CT, system cost of $2.9/watt, 30% federal ITC, 3% annual electricity inflation, and 0.5% annual panel degradation over 25 years. Actual results may vary.

Local Solar Details for Norwalk

Utility & Permits

Utility Company
Eversource Energy
Permit Cost
$500
Permit Timeline
4-6 weeks
Net Metering
full

System Estimates

Recommended Size
6 kW
Panel Count
15 panels
Gross Cost
$17,400
Net Cost (after credits)
$12,180

Available Incentives for Norwalk, CT

Federal Solar Investment Tax Credit (ITC)

Reduces federal income tax liability by 30% of the total cost of a solar energy system, including equipment and installation.

30% of system cost

Connecticut Residential Renewable Energy Solutions (RRES)

Performance-based incentive paid over time based on solar production.

Up to $0.43/W for systems up to 10 kW

Connecticut SREC Program

Solar Renewable Energy Credits earned for every 1,000 kWh of solar electricity generated.

$30-50 per SREC

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