Solar Panel Cost Guide in Bridgewater Town, MA (Sep 2022)
- Bridgewater Town Solar Installation Cost: $8,520
- 25-Year Savings: $16,115
- Payback Period: 8.6 Years
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Updated 9/16/2022
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Average Cost of Solar Panels in Bridgewater Town
Find out what the average cost of solar panels are in Bridgewater Town.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bridgewater Town, the average cost of a solar system is $3 per watt. Using this figure, a typical 4.1 would cost about $8,520 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of solar system you want to get, your solar contractor and more. Even with the large initial cost, the average Bridgewater Town homeowner can save around $23,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a reputable solar company in Bridgewater Town for a customized estimate.
Solar savings over time in Bridgewater Town
| Year | Return on Investment |
|---|---|
| 1 years | $-7,535 |
| 3 years | $-5,564 |
| 5 years | $-3,593 |
| 7 years | $-1,622 |
| 9 years | $348 |
| 11 years | $2,319 |
| 13 years | $4,290 |
| 15 years | $6,261 |
| 17 years | $8,232 |
| 19 years | $10,202 |
| 21 years | $12,173 |
| 23 years | $14,144 |
| 25 years | $16,115 |
Top Solar Installers in Bridgewater Town
Many homeowners opt for a solar panel company since trying to install solar panels by yourself can be time-consuming. Plus, if you're not certain what type 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're on the hunt for a solar installer in Bridgewater Town, we've organized a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
The Green Panel
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Bridgewater Town
Factors that Affect Solar Panel Costs in Bridgewater Town
There are many factors that can affect your solar system 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.
Solar Equipment Size
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 $2,940 per kilowatt in Bridgewater Town. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Bridgewater Town average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Bridgewater Town homeowners opt to finance their solar panel systems to make going solar more affordable. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Bridgewater Town, and each can charge varying amounts for labor and equipment. The company's size can sometimes play the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk 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 promotion can bring their pricing down 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 | $22,878 | 9.0 years |
| 8 kW | $3.00 | $16,793 | $30,833 | 8.8 years |
| 10 kW | $2.94 | $20,580 | $38,953 | 8.6 years |
| 12 kW | $2.88 | $24,202 | $47,237 | 8.5 years |
| 14 kW | $2.82 | $27,660 | $55,686 | 8.3 years |
| 16 kW | $2.76 | $30,952 | $64,300 | 8.1 years |
| 18 kW | $2.70 | $34,080 | $73,078 | 8.0 years |
| 20 kW | $2.65 | $37,044 | $82,021 | 7.8 years |
Solar Incentives in Bridgewater Town
| Name | Solar Massachusetts Renewable Target (SMART) Program |
| Incentive Amount | (Base compensation rate + compensation rate adders - greenfield subtractor) * total kWh generated - value of energy generated |
| Incentive Max | The ceiling price for the competitive procurement to determine the base compensation rate was $0.17/kWh. For systems 25 kW or less, the combination of a base compensation rate and adder may not exceed the base compensation rate for low-income projects less than or equal to 25 kW. |
| Website | Visit here |
| More Info | Click here |
| Name | ITC |
| Type | Tax Incentive |
| Incentive Amount | 26% of installation cost |
| Website | Visit here |
| Name | Solar Renewable Energy Certificates (SREC-II) |
| Incentive Amount | Varies, depending on market supply and demand |
| Incentive Max | 2017 compliance year: Alternative Compliance Payment Rate is $350 per MWh (~$0.35 per kWh) |
| Website | Visit here |
| More Info | Click here |
| Name | Renewable Energy Property Tax Exemption |
| Incentive Amount | 100% exemption for 20 years |
| Incentive Max | Not specified |
| Website | Visit here |
| More Info | Click here |
| Name | Residential Renewable Energy Income Tax Credit |
| Incentive Amount | 15% |
| Incentive Max | $1,000 |
| More Info | Click here |
| Name | Mass Solar Loan Program |
| Website | Visit here |
| More Info | Click here |
| Name | Local Option - Energy Revolving Loan Fund |
| More Info | Click here |
| Name | Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal) |
| Incentive Amount | 100% deduction |
| More Info | Click here |
| Name | Taunton Municipal Lighting Plant - Residential PV Rebate Program |
| Incentive Amount | $0.60/W |
| Incentive Max | $4,500 |
| Website | Visit here |
| More Info | Click here |
| Name | Reading Municipal Light Department - Residential Renewable Energy Rebates |
| Incentive Amount | MLP Solar Rebate Program: $1.20 per watt Residential Renewable Energy Rebate Program: $1.00 per watt |
| Incentive Max | MLP Solar Rebate Program: 50% of cost or $30,000, whichever is less Residential Renewable Energy Rebate Program: $2,000 |
| Website | Visit here |
| More Info | Click here |
| Name | Renewable Energy Equipment Sales Tax Exemption |
| Incentive Amount | 100% exemption |
| Incentive Max | None |
| Website | Visit here |
| More Info | Click here |
How to Save on Solar Panels
There are a large number of companies available in Bridgewater Town, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The type of solar panel you'd like to get plays a role in which company you should opt for, since different companies have access to different panels.
- Contract: Review the contract terms thoroughly to make sure you understand the total cost, project completion timeline incentives and warranties.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
The Green Panel
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Bridgewater Town, MA Solar Cost FAQs
What is the average cost of installing solar panels in Bridgewater Town?
The average cost of solar panels in Bridgewater Town is about $14,700 for a 5-kW system and $29,400 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 use.
Is it better to lease or buy solar panels in Bridgewater Town?
Leasing solar panels can be an option if you can't 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 savings from going solar.
How much can I save on electricity bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,190.65 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.
