Solar Panel Cost Guide in Easton, MA (2023 Update)
- Easton Solar Installation Cost: $8,911
- 25-Year Savings: $15,667
- Payback Period: 9.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Easton
Find out what the average cost of solar panel installation is in Easton.
Although the national average of solar panels is $2.66 per watt, solar panels in Easton typically cost about 2.94. Using this figure, a typical 4.3-kW system would cost about $8,911 before the 30% federal solar tax credit is applied.
The true cost of your system can go higher or lower than the average in Easton depending on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire. With average savings of about $22,000 on utility bills over 20 years, many homeowners in Easton find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Easton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Easton
| Year | Return on Investment |
|---|---|
| 1 years | $-7,928 |
| 3 years | $-5,962 |
| 5 years | $-3,996 |
| 7 years | $-2,029 |
| 9 years | $-63 |
| 11 years | $1,903 |
| 13 years | $3,869 |
| 15 years | $5,836 |
| 17 years | $7,802 |
| 19 years | $9,768 |
| 21 years | $11,734 |
| 23 years | $13,701 |
| 25 years | $15,667 |
Top Solar Installers in Easton
Many homeowners decide to use a solar installer since installing solar panels on your own can be a lot of work. Also, if you'd like to maximize your investment in solar power, opting for a solar installer can help with that as well. Different providers can offer warranties, expertise on solar panel installation and sometimes even information on local incentives.
If you'd like to go solar but still aren't certain which solar company to go with, here are our suggestions for providers in Easton:
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 Easton
Factors that Affect Solar Panel Costs in Easton
There are many factors that can play into 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,940. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you're looking to install can affect your total cost. If you just 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 Easton to be prohibitively expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. Even though solar loans make switching to solar energy more accessible for Easton homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you get to install your solar panels can affect how much it costs. Easton's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Easton are more knowledgeable about local solar incentives and can help you take advantage of 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 | $3.06 | $12,842 | $21,226 | 9.4 years |
| 8 kW | $3.00 | $16,793 | $28,630 | 9.2 years |
| 10 kW | $2.94 | $20,580 | $36,200 | 9.1 years |
| 12 kW | $2.88 | $24,202 | $43,933 | 8.9 years |
| 14 kW | $2.82 | $27,660 | $51,832 | 8.7 years |
| 16 kW | $2.76 | $30,952 | $59,895 | 8.5 years |
| 18 kW | $2.70 | $34,080 | $68,123 | 8.3 years |
| 20 kW | $2.65 | $37,044 | $76,515 | 8.2 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Solar Panel Brands: The kind of solar panel you need plays a role in which company you should choose, since different companies have different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have demonstrated 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 positive reviews from previous customers.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a quality company.
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 Easton, MA Solar Cost FAQs
How much does it cost to install solar panels in Easton?
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 other solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Easton?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will installing solar panels impact my home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
On average, the lifespan of solar panels is 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.