Solar Panel Cost Guide in Edgartown, MA (2024 Update)
- Edgartown Solar Installation Cost: $11,587
- 25-Year Savings: $17,712
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Edgartown
Find out what the average cost of solar panels are in Edgartown.
The national average cost of solar panels is $2.66 per watt, but in Edgartown it’s 4 per watt.To account for the typical energy usage of the average home in Edgartown, most homeowners require a 4.1-kilowatt system. Using the figure above, a solar installation costs around $11,587, or $16,569 before the federal solar tax credit of 0 is applied.
Keep in mind 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.But, once you've paid the initial cost of installation, the savings for most homeowners is usually rewarding, with a net average savings of about $24,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar company in Edgartown for a customized quote.
Solar savings over time in Edgartown
| Year | Return on Investment |
|---|---|
| 1 years | $-9,986 |
| 3 years | $-6,783 |
| 5 years | $-3,581 |
| 7 years | $-378 |
| 9 years | $2,824 |
| 11 years | $6,027 |
| 13 years | $9,230 |
| 15 years | $12,432 |
| 17 years | $15,635 |
| 19 years | $18,838 |
| 21 years | $22,040 |
| 23 years | $25,243 |
| 25 years | $28,445 |
Top Solar Installers in Edgartown
When switching to solar energy, many homeowners prefer to hire a solar company since overseeing your solar installation yourself can be a difficult project. Solar warranties and repairs are usually included in the cost of installation when you hire a solar company too, which can save you more money over time.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Edgartown
Factors that Affect Solar Panel Costs in Edgartown
While the average cost of a solar system in Edgartown is $11,587, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $4,060. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to get can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is too expensive, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar panels can impact the cost. Edgartown’s solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional 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 | $4.22 | $17,734 | $20,679 | 11.5 years |
| 8 kW | $4.14 | $23,191 | $28,027 | 11.3 years |
| 10 kW | $4.06 | $28,420 | $35,602 | 11.1 years |
| 12 kW | $3.98 | $33,422 | $43,405 | 10.9 years |
| 14 kW | $3.90 | $38,196 | $51,435 | 10.7 years |
| 16 kW | $3.82 | $42,744 | $59,692 | 10.4 years |
| 18 kW | $3.74 | $47,064 | $68,176 | 10.2 years |
| 20 kW | $3.65 | $51,156 | $76,888 | 10.0 years |
How to Save on Solar Panels
The solar installer you opt for will impact not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- 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.
- Warranty: If you’re concerned about the longevity of your solar panels, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Edgartown, MA Solar Cost FAQs
How much does it cost to install solar panels in Edgartown?
The average cost of solar panels in Edgartown is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things like the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Edgartown?
Leasing solar panels can be an option if you can’t afford to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 energy bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Edgartown, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Edgartown?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of 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 keep using 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.