Solar Panel Cost Guide in Bridgewater Town, MA (2023 Update)
- Bridgewater Town Solar Installation Cost: $8,520
- 25-Year Savings: $16,115
- Payback Period: 8.6 Years
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Updated May 04, 2023
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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.
The national average cost of solar panels is $2.66 per watt, but in Bridgewater Town it's 2.94 per watt. To cover the typical energy needs of the average home in Bridgewater Town, most homeowners require a 4.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $8,520, or $12,184 before the federal solar tax credit of 30% 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. Despite the large initial cost, the average Bridgewater Town homeowner can save about $23,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a pre-vetted solar company in Bridgewater Town for a quote for your home.
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 choose to use a solar panel company since installing solar panels yourself can be time-consuming. A solar company can also help save you money over time by offering warranties, repairs and system component replacements.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Bridgewater Town
Factors that Affect Solar Panel Costs in Bridgewater Town
Cost is usually 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 Bridgewater Town: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 pay around $2,940 per kilowatt in Bridgewater Town. There are many different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are offered by most installers in Bridgewater Town, which can lower, or in some cases totally eliminate, your upfront costs to make solar more accessible. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you get to install your solar system can influence how much it costs. Bridgewater Town's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $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 |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be difficult, we have some tips to help you, such as:
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar company. Make sure you understand how the installation process works and the completion timeline.
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Bridgewater Town, MA Solar Cost FAQs
What is the average cost of installing solar panels in Bridgewater Town?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $14,700 for a 5-kW system and $29,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Are solar panels free in Bridgewater Town?
A solar panel system isn't free in Bridgewater Town, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
How will having solar panels impact the value of my home?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for 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 long do solar panels last in Bridgewater Town?
On average, the lifespan of solar panels is 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 higher level 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.