Solar ROI Calculator for New Haven, CT

Stop guessing. See exactly how much the 30% Federal Credit saves you in 06510.

Calculate Savings for New Haven (06510)

$150

Fetching NREL Solar Data for New Haven...

25-Year Savings

$57,563

Break-Even

4.4 Years

Net Cost

$8,198

Get 3 Official Quotes for 06510 →

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Is Solar Worth it in New Haven?

Despite being further north, New Haven's high utility rates (31.8¢) make solar extremely profitable here. You aren't just buying panels; you are escaping expensive grid inflation.

Homeowners in New Haven are currently paying an average of 31.8 cents per kWh. Solar is a "No-Brainer" investment in Connecticut right now. With a payback of under 5 years, the returns drastically outperform the S&P 500 average.

With the Federal Solar Investment Tax Credit (ITC) currently set at 30%, a typical 6kW to 10kW residential system in the 06510 area can typically pay for itself in just 4.5 to 9 years. After this "break-even" point, your system generates effectively free electricity for the remainder of its 25-year lifespan.

Key New Haven Statistics

  • Avg Rate: 31.8¢ / kWh
  • Sun Exposure: High (Northern US)
  • Est. Payback: 4.5 Years
  • Incentive: 30% Federal ITC

State Incentives for CT

Beyond the federal credit, residents of New Haven should check for local net metering policies offered by their specific utility provider. These policies determine how much you get paid for sending excess energy back to the grid.

Frequently Asked Questions in New Haven

Is solar worth it in New Haven, CT?

Yes. With electricity rates in New Haven currently averaging 31.8 cents/kWh, most homeowners see a break-even point between 6-9 years. This is significantly better than the national average.

Does the 30% Tax Credit apply to residents of CT?

Absolutely. Homeowners in New Haven are eligible for the 30% Federal Investment Tax Credit (ITC). This is a dollar-for-dollar reduction in the income tax you owe.

How long do solar panels last?

Modern tier-1 solar panels are warrantied for 25 years but often last 30+ years. Our calculator accounts for a 0.5% annual degradation in efficiency.

What is Net Metering?

Net metering allows you to sell excess electricity back to the grid. Policies vary by utility company in your area, but it is a key factor in maximizing ROI.

Methodology: How We Calculated This

  • Irradiance: NREL PVWatts® V8 API data for coords 41.3083, -72.9279.
  • Escalation: Conservative 2.5% annual utility rate increase.
  • Degradation: 0.5% annual panel efficiency loss.

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