Solar Panel Cost Guide in Bedford, MA (Feb 2023)
- Bedford Solar Installation Cost: $9,179
- 25-Year Savings: $16,850
- Payback Period: 8.8 Years
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Top Solar Installers in Bedford
Trying to put up solar panels yourself can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be best for your family.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
See all of the solar companies in Bedford
Factors that Affect Solar Panel Costs in Bedford
There are many criteria that can affect your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
When it comes to estimating the cost of a solar panel system in Bedford, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can gauge by looking at past electricity bills. Your total cost can increase by around $2,940 for each additional kilowatt you need. There are many different solar panel brands and the one you choose also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Bedford to be prohibitively expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest. However, the interest on solar loans also increases your all-in costs, so it's vital to include that in your estimate 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
The solar panel installation company you select will affect your total cost to make the switch to solar . Different companies will bill different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
|System size||Cost per system watt||Solar system cost||25-Year savings||Payback period|
|6 kW||$3.06||$12,842||$22,178||9.2 years|
|8 kW||$3.00||$16,793||$29,900||9.0 years|
|10 kW||$2.94||$20,580||$37,787||8.8 years|
|12 kW||$2.88||$24,202||$45,838||8.6 years|
|14 kW||$2.82||$27,660||$54,054||8.5 years|
|16 kW||$2.76||$30,952||$62,435||8.3 years|
|18 kW||$2.70||$34,080||$70,980||8.1 years|
|20 kW||$2.65||$37,044||$79,690||7.9 years|
How to Save on Solar Panels
There are a large number of companies available in Bedford, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Before you sign a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
- Warranty: If you're concerned about the endurance of your solar panel system, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
EcoWatch's Bedford, MA Solar Cost FAQs
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.