Solar Panel Cost Guide in East Bridgewater, MA (2024 Update)
- East Bridgewater Solar Installation Cost: $11,760
- 25-Year Savings: $17,408
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in East Bridgewater
Here’s how much it might cost to make the switch to solar in East Bridgewater.
While the national average of solar panels is $2.66 per watt, solar panels in East Bridgewater generally cost about 4.To cover the typical energy usage of the average home in East Bridgewater, most homeowners require a 4.1-kilowatt system. Using the figure above, a solar installation costs around $11,760, or $16,817 before the federal solar tax credit of 0 is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary quite a bit based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.For many homeowners, the upfront investment in solar is worth paying. On average homeowners in East Bridgewater see about $24,000 in savings on utility bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in East Bridgewater
Year | Return on Investment |
---|---|
1 years | $-10,037 |
3 years | $-6,590 |
5 years | $-3,143 |
7 years | $304 |
9 years | $3,751 |
11 years | $7,198 |
13 years | $10,644 |
15 years | $14,091 |
17 years | $17,538 |
19 years | $20,985 |
21 years | $24,432 |
23 years | $27,879 |
25 years | $31,326 |
Top Solar Installers in East Bridgewater
Many homeowners decide to use a solar installer since installing solar panels by yourself can be time-consuming. Plus, if you’re not certain what kind of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in East Bridgewater
Factors that Affect Solar Panel Costs in East Bridgewater
Though the average cost of a solar system in East Bridgewater is $11,760, your actual cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.The brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That’s why many East Bridgewater homeowners choose to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in East Bridgewater, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
Solar Panel Cost Data by System Size
System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
---|---|---|---|---|
6 kW | $4.22 | $17,734 | $19,855 | 11.8 years |
8 kW | $4.14 | $23,191 | $26,928 | 11.6 years |
10 kW | $4.06 | $28,420 | $34,229 | 11.3 years |
12 kW | $3.98 | $33,422 | $41,757 | 11.1 years |
14 kW | $3.90 | $38,196 | $49,512 | 10.9 years |
16 kW | $3.82 | $42,744 | $57,494 | 10.7 years |
18 kW | $3.74 | $47,064 | $65,704 | 10.4 years |
20 kW | $3.65 | $51,156 | $74,142 | 10.2 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, including:
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Solar Panel Brands: The brand of solar panel you’d like to install plays a role in which installer you should opt for, since different companies have different panels.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's East Bridgewater, MA Solar Cost FAQs
What is the average cost of installing solar panels in East Bridgewater?
The average cost of solar panels in East Bridgewater is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in East Bridgewater?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to get the most savings.
Can solar panels eliminate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in East Bridgewater, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.