Solar Panel Cost Guide in Edgartown, MA (Mar 2023)
- Edgartown Solar Installation Cost: $8,397
- 25-Year Savings: $17,707
- Payback Period: 8.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Edgartown
Here's how much it might cost to go solar in Edgartown.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Edgartown, the average cost of solar panels is 2.94 per watt. To cover the typical energy needs of the average home in Edgartown, most homeowners require a 4.1-kilowatt system. Using the figure above, a solar installation costs about $8,397, or $12,008 before the federal solar tax credit of 30% is applied.
The actual price you pay can go above or below the average in Edgartown based on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Edgartown can save about $24,000 on their electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Edgartown that can help you get a more accurate cost estimate for your home.
Solar savings over time in Edgartown
| Year | Return on Investment |
|---|---|
| 1 years | $-7,353 |
| 3 years | $-5,264 |
| 5 years | $-3,176 |
| 7 years | $-1,088 |
| 9 years | $1,001 |
| 11 years | $3,089 |
| 13 years | $5,177 |
| 15 years | $7,265 |
| 17 years | $9,354 |
| 19 years | $11,442 |
| 21 years | $13,530 |
| 23 years | $15,618 |
| 25 years | $17,707 |
Top Solar Installers in Edgartown
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with an installer can make switching to solar power much easier. Another benefit of utilizing a solar installer is that they can help you maximize your ROI by cutting back on future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
If you're on the hunt for a solar installer in Edgartown, we've compiled 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
Tesla Energy
- 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 Edgartown
Factors that Affect Solar Panel Costs in Edgartown
There are several criteria that can determine your 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 significant 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 energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,940 per kilowatt in Edgartown. The type of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger 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 | $25,571 | 8.4 years |
| 8 kW | $3.00 | $16,793 | $34,424 | 8.2 years |
| 10 kW | $2.94 | $20,580 | $43,442 | 8.0 years |
| 12 kW | $2.88 | $24,202 | $52,625 | 7.9 years |
| 14 kW | $2.82 | $27,660 | $61,972 | 7.7 years |
| 16 kW | $2.76 | $30,952 | $71,483 | 7.6 years |
| 18 kW | $2.70 | $34,080 | $81,160 | 7.4 years |
| 20 kW | $2.65 | $37,044 | $91,000 | 7.2 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. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
- Warranty: If you're concerned about the longevity of your solar energy system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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
Tesla Energy
- 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 Edgartown, MA Solar Cost FAQs
What is the average cost of installing solar panels in Edgartown?
The average cost of solar panels in Edgartown 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 things such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
The initial cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Edgartown?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and the amount of direct sunlight your roof gets.
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 requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.