Solar Panel Cost Guide in Bourne, MA (2024 Update)
- Bourne Solar Installation Cost: $11,716
- 25-Year Savings: $28,316
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Bourne
Find out how much it might cost to go solar in Bourne.
The average cost of a solar system in Bourne is 4 per watt.Because a 4.1-kW system is needed to cover the energy costs of a typical home in Bourne, the average price of going solar will be about $11,716 after claiming the federal solar tax credit of 0.
These figures are just averages, and your own solar costs may look different based on your specific situation and what company you want to go with.Many homeowners find installing a solar system is a solid investment. The average homeowner in Bourne can save around $24,000 on their electricity bills over 20 years.
Click the button below to get connected to a reputable solar installer in Bourne for a custom estimate.
Solar savings over time in Bourne
| Year | Return on Investment |
|---|---|
| 1 years | $-10,115 |
| 3 years | $-6,913 |
| 5 years | $-3,710 |
| 7 years | $-507 |
| 9 years | $2,695 |
| 11 years | $5,898 |
| 13 years | $9,101 |
| 15 years | $12,303 |
| 17 years | $15,506 |
| 19 years | $18,708 |
| 21 years | $21,911 |
| 23 years | $25,114 |
| 25 years | $28,316 |
Top Solar Installers in Bourne
Many homeowners decide to use a solar installer since installing solar panels by yourself can be time-consuming. The expertise that solar companies provide can be valuable as well, particularly if you don’t quite know what type of solar equipment you need.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some 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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Bourne
Factors that Affect Solar Panel Costs in Bourne
There are a number of criteria 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 installs your solar panels.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to spend about $4,060 per kilowatt in Bourne.The type of solar panels and equipment you choose is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Furthermore, solar equipment consists of more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Most solar installers in Bourne provide solar loans, which reduce the initial cost of installing a solar system.It’s wise to add the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of sustainable energy solutions in Bourne, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Bourne are more knowledgeable about local solar incentives and can help you learn about 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 | $20,256 | 11.7 years |
| 8 kW | $4.14 | $23,191 | $27,463 | 11.4 years |
| 10 kW | $4.06 | $28,420 | $34,897 | 11.2 years |
| 12 kW | $3.98 | $33,422 | $42,558 | 11.0 years |
| 14 kW | $3.90 | $38,196 | $50,447 | 10.8 years |
| 16 kW | $3.82 | $42,744 | $58,563 | 10.5 years |
| 18 kW | $3.74 | $47,064 | $66,907 | 10.3 years |
| 20 kW | $3.65 | $51,156 | $75,478 | 10.1 years |
How to Save on Solar Panels
There are numerous companies available in Bourne, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: The type of solar panel you’d like to install plays a role in which company you should opt for, since different companies have access to different panels.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: Before you sign a contract with a solar company, make sure you read it through completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Bourne, MA Solar Cost FAQs
What is the average cost of installing solar panels in Bourne?
The average cost of solar panels in Bourne 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 consume.
Is it better to lease or buy solar panels in Bourne?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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 bang for your buck from going solar.
Can you sell solar power back to the grid in Bourne?
The majority of states offer net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household 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.