Solar Panel Cost Guide in Falmouth, MA (2024 Update)
- Falmouth Solar Installation Cost: $11,716
- 25-Year Savings: $17,619
- Payback Period: 11.2 Years
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Average Cost of Solar Panels in Falmouth
Find out what the average cost of solar panels are in Falmouth.
The average cost of solar panels in Falmouth is 4 per watt.The average Falmouth homeowner needs a 4.1-kilowatt system, which would cost about $11,716 with the federal tax credit, or $16,754 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Falmouth homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Despite the large upfront cost, the average Falmouth homeowner can save about $24,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Falmouth
| Year | Return on Investment |
|---|---|
| 1 years | $-10,115 |
| 3 years | $-6,913 |
| 5 years | $-3,710 |
| 7 years | $-507 |
| 9 years | $2,695 |
| 11 years | $5,898 |
| 13 years | $9,101 |
| 15 years | $12,303 |
| 17 years | $15,506 |
| 19 years | $18,708 |
| 21 years | $21,911 |
| 23 years | $25,114 |
| 25 years | $28,316 |
Top Solar Installers in Falmouth
Although it's possible to install solar panels by yourself, it takes extra energy and handiness. For that reason, the majority of homeowners choose a solar panel installer. Another great thing about going with a reliable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar investment.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 Falmouth
Factors that Affect Solar Panel Costs in Falmouth
There are a number of factors that can determine your solar panel 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
When it comes to estimating the cost of a solar energy system in Falmouth, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $4,060 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only 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 Falmouth to be too steep, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time due to interest.Though solar loans make adopting solar energy more accessible for Falmouth homeowners, they can also raise 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
The solar installer you select will impact your total cost to adopt solar energy. Different companies will charge different amounts for the equipment and labor.The company’s size can sometimes play the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower 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 | $20,256 | 11.7 years |
| 8 kW | $4.14 | $23,191 | $27,463 | 11.4 years |
| 10 kW | $4.06 | $28,420 | $34,897 | 11.2 years |
| 12 kW | $3.98 | $33,422 | $42,558 | 11.0 years |
| 14 kW | $3.90 | $38,196 | $50,447 | 10.8 years |
| 16 kW | $3.82 | $42,744 | $58,563 | 10.5 years |
| 18 kW | $3.74 | $47,064 | $66,907 | 10.3 years |
| 20 kW | $3.65 | $51,156 | $75,478 | 10.1 years |
How to Save on Solar Panels
There are numerous companies available in Falmouth, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Warranty: If you care about the longevity of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: Different companies carry various brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
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 Falmouth, MA Solar Cost FAQs
How much does it cost to install solar panels in Falmouth?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally 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 other solar equipment or higher quality 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 less efficient solar panels.
Are solar panels free in Falmouth?
You can’t get solar panels for free in Falmouth. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,266.34 per year.
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 decreases 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.