Solar Panel Cost Guide in Eastham, MA (2023 Update)
- Eastham Solar Installation Cost: $8,479
- 25-Year Savings: $17,624
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Eastham
We break down average solar pricing in Eastham.
While the national average of solar panels is $2.66 per watt, solar panels in Eastham typically cost about 2.94. Since a 4.1-kW system is needed to cover the energy consumption of a typical home in Eastham, the average price of going solar will be about $8,479 after claiming the federal solar tax credit of 30%.
These figures are just estimates, and the cost of going solar for you will most likely vary based on your energy needs and what company you choose to go with. Many homeowners find adopting solar power is a solid investment. The average homeowner in Eastham can save around $24,000 on their power bills over 20 years.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Eastham
| Year | Return on Investment |
|---|---|
| 1 years | $-7,435 |
| 3 years | $-5,347 |
| 5 years | $-3,258 |
| 7 years | $-1,170 |
| 9 years | $918 |
| 11 years | $3,006 |
| 13 years | $5,095 |
| 15 years | $7,183 |
| 17 years | $9,271 |
| 19 years | $11,360 |
| 21 years | $13,448 |
| 23 years | $15,536 |
| 25 years | $17,624 |
Top Solar Installers in Eastham
Although it's possible to install solar panels yourself, it takes extra energy and expertise. That's why almost all homeowners choose to hire a solar panel installer. Another advantage of using a solar installer is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
Working with a licensed solar installer can help you make the most of your investment in solar. Here are our recommendations:
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 Eastham
Factors that Affect Solar Panel Costs in Eastham
The cost of installing a solar system in Eastham can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,940. The kind 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. On the other hand, higher efficiency could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bump up your total well above the Eastham average.
Solar Financing Terms
Many homeowners find the average cost of solar in Eastham to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest. Though solar loans make adopting solar energy more accessible for Eastham homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Eastham, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $25,148 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,860 | 8.3 years |
| 10 kW | $2.94 | $20,580 | $42,737 | 8.1 years |
| 12 kW | $2.88 | $24,202 | $51,778 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,984 | 7.8 years |
| 16 kW | $2.76 | $30,952 | $70,355 | 7.6 years |
| 18 kW | $2.70 | $34,080 | $79,890 | 7.5 years |
| 20 kW | $2.65 | $37,044 | $89,590 | 7.3 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 models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
- Warranty: If you're concerned about the longevity of your solar energy system, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer quality solar panel installation and expertise.
- Solar Panel Brands: Different companies carry different brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.
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 Eastham, MA Solar Cost FAQs
What is the average cost of installing solar panels in Eastham?
The average cost of solar panels in Eastham 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 type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Eastham?
Solar panels aren't free in Eastham, 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 installing solar panels impact how much my home is worth?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Eastham is currently $461,235, so you can expect a value of about $18,911 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Eastham is a rewarding investment.
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 goes down 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.