Solar Panel Cost Guide in Freetown, MA (2024 Update)
- Freetown Solar Installation Cost: $12,302
- 25-Year Savings: $17,043
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Freetown
Here’s how much it might cost to go solar in Freetown.
The average cost of a solar system in Freetown is 4 per watt.Since a 4.3-kW system is needed to cover the energy usage of a typical home in Freetown, the average price of going solar will be about $12,302 after claiming the federal solar tax credit of 0.
These figures are just estimates, and the cost of going solar for you will most likely differ based on factors unique to your home and what company you choose to go with.But, once you've paid the upfront cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $23,000 over 20 years on utility bills.
To receive a free quote from a vetted solar company in Freetown, you can click the button below.
Solar savings over time in Freetown
| Year | Return on Investment |
|---|---|
| 1 years | $-10,579 |
| 3 years | $-7,132 |
| 5 years | $-3,685 |
| 7 years | $-238 |
| 9 years | $3,209 |
| 11 years | $6,656 |
| 13 years | $10,103 |
| 15 years | $13,550 |
| 17 years | $16,996 |
| 19 years | $20,443 |
| 21 years | $23,890 |
| 23 years | $27,337 |
| 25 years | $30,784 |
Top Solar Installers in Freetown
Many homeowners decide to use a solar installer since trying to install solar panels by yourself can be time-consuming. Also, companies with a high reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
If you’d like to make the switch to solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Freetown
Factors that Affect Solar Panel Costs in Freetown
Cost is typically one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Freetown: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,060.The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect 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
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Freetown, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The solar installation company you select will influence your total cost to go solar. Different companies will bill different amounts for the equipment and labor.You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger 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 | $18,237 | 12.3 years |
| 8 kW | $4.14 | $23,191 | $24,770 | 12.1 years |
| 10 kW | $4.06 | $28,420 | $31,531 | 11.9 years |
| 12 kW | $3.98 | $33,422 | $38,519 | 11.6 years |
| 14 kW | $3.90 | $38,196 | $45,735 | 11.4 years |
| 16 kW | $3.82 | $42,744 | $53,178 | 11.1 years |
| 18 kW | $3.74 | $47,064 | $60,848 | 10.9 years |
| 20 kW | $3.65 | $51,156 | $68,746 | 10.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: Although reading through a contract can take a lot of time, it’s important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be done and what the project timeline is.
- Solar Panel Brands: The brand of solar panel you’d like to get plays a role in which installer you should go with, since different companies have access to different panels.
- Warranty: Warranties that cover defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Freetown, MA Solar Cost FAQs
How much does it cost to install solar panels in Freetown?
The average cost of solar panels in Freetown 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Freetown?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The downside 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 option if you want to maximize your savings.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.