Solar Panel Cost Guide in Fairhaven, MA (2025 Update)
- Fairhaven Solar Installation Cost: $12,302
- 25-Year Savings: $17,195
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Fairhaven
We go over average solar pricing in Fairhaven.
While the national average of solar panels is $2.66 per watt, solar panels in Fairhaven typically cost about 4.The average Fairhaven homeowner needs a 4.3-kilowatt system, which would cost about $12,302 with the federal tax credit, or $17,592 before the 0 tax credit is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy use, the type of solar panels you choose, your solar contractor and more.For most homeowners, the upfront cost of solar is worth paying. On average Fairhaven homeowners see about $23,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Fairhaven that can help you get a more accurate cost estimate for your home.
Solar savings over time in Fairhaven
| Year | Return on Investment |
|---|---|
| 1 years | $-10,701 |
| 3 years | $-7,498 |
| 5 years | $-4,295 |
| 7 years | $-1,093 |
| 9 years | $2,110 |
| 11 years | $5,312 |
| 13 years | $8,515 |
| 15 years | $11,718 |
| 17 years | $14,920 |
| 19 years | $18,123 |
| 21 years | $21,325 |
| 23 years | $24,528 |
| 25 years | $27,731 |
Top Solar Installers in Fairhaven
Trying to put up solar panels on your own can be a dangerous task, which is why hiring a solar installation company is a good option for many homeowners. Companies can also have access to various kinds of the best solar panels and help you decide which one will be right for your home.
If you’d like to make the switch to solar but still aren’t certain which solar company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Fairhaven
Factors that Affect Solar Panel Costs in Fairhaven
For many Fairhaven homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Fairhaven, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The kind of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment goes beyond 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 looking into a solar system that’s in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Fairhaven to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to paying more over time due to interest.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 can only 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 getting a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar company you hire to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies in Fairhaven, and each can charge varying amounts for labor and equipment.The company’s size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because of access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger names.
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 | $18,448 | 12.3 years |
| 8 kW | $4.14 | $23,191 | $25,052 | 12.0 years |
| 10 kW | $4.06 | $28,420 | $31,883 | 11.8 years |
| 12 kW | $3.98 | $33,422 | $38,942 | 11.5 years |
| 14 kW | $3.90 | $38,196 | $46,228 | 11.3 years |
| 16 kW | $3.82 | $42,744 | $53,741 | 11.1 years |
| 18 kW | $3.74 | $47,064 | $61,482 | 10.8 years |
| 20 kW | $3.65 | $51,156 | $69,450 | 10.6 years |
How to Save on Solar Panels
There are many companies to choose from in Fairhaven, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Different companies will offer different brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what you need to do before your solar system is installed, such as updating your electrical system or roof.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
EcoWatch's Fairhaven, MA Solar Cost FAQs
How much does it cost to install solar panels in Fairhaven?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on why you decided to go solar. In cities 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 switching to solar power worth it?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your energy bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Although 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 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.