Solar Panel Cost Guide in Raynham, MA (2024 Update)
- Raynham Solar Installation Cost: $12,302
- 25-Year Savings: $15,726
- Payback Period: 12.5 Years
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Average Cost of Solar Panels in Raynham
Let’s have a look at the average cost of solar in Raynham.
The national average cost of solar panels is $2.66 per watt, but in Raynham it’s 4 per watt.Using this figure, a typical 4.3-kW system would cost about $12,302 before the 0 federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will most likely vary based on your specific situation and what company you choose to go with.Many homeowners find going solar is a solid investment. The average homeowner in Raynham can save about $22,000 on their energy bills over 20 years.
Click the button below to get connected to a reputable solar installer in Raynham for a custom quote.
Solar savings over time in Raynham
| Year | Return on Investment |
|---|---|
| 1 years | $-10,890 |
| 3 years | $-8,066 |
| 5 years | $-5,243 |
| 7 years | $-2,419 |
| 9 years | $405 |
| 11 years | $3,229 |
| 13 years | $6,053 |
| 15 years | $8,876 |
| 17 years | $11,700 |
| 19 years | $14,524 |
| 21 years | $17,348 |
| 23 years | $20,171 |
| 25 years | $22,995 |
Top Solar Installers in Raynham
Many homeowners decide to hire a solar panel installer since installing solar panels by yourself can be time-consuming. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and component replacements.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Raynham
Factors that Affect Solar Panel Costs in Raynham
There are a number of factors that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it’s important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive 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 more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Raynham to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also result in paying more over time because of interest.However, the interest on solar loans also increases your total costs, so it’s crucial to consider that as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Raynham is the company you get to install your PV system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Raynham know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $16,412 | 13.0 years |
| 8 kW | $4.14 | $23,191 | $22,338 | 12.7 years |
| 10 kW | $4.06 | $28,420 | $28,491 | 12.5 years |
| 12 kW | $3.98 | $33,422 | $34,871 | 12.2 years |
| 14 kW | $3.90 | $38,196 | $41,479 | 12.0 years |
| 16 kW | $3.82 | $42,744 | $48,314 | 11.7 years |
| 18 kW | $3.74 | $47,064 | $55,376 | 11.5 years |
| 20 kW | $3.65 | $51,156 | $62,666 | 11.2 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 brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
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 Raynham, MA Solar Cost FAQs
How much does it cost to install solar panels in Raynham?
The average cost of solar panels in Raynham 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Raynham?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How will installing solar panels impact the value of my home?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.