Solar Panel Cost Guide in Foxborough, MA (Feb 2023)
- Foxborough Solar Installation Cost: $9,076
- 25-Year Savings: $16,281
- Payback Period: 8.9 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Foxborough
Let's have a look at the average cost of solar in Foxborough.
While the national average of solar panels is $2.66 per watt, solar panels in Foxborough typically cost around $3. The average solar panel system size in Foxborough is around 4.4 kilowatts, meaning a cost of about $9,076 for a solar installation, or $6,716 after the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy needs, the type of solar panels you choose, your solar contractor and more. Many homeowners find going solar is a solid investment. The average homeowner in Foxborough can save around $22,000 on their power bills over 20 years.
Click the button below to get connected to a reputable solar installer in Foxborough for a custom quote.
Solar savings over time in Foxborough
| Year | Return on Investment |
|---|---|
| 1 years | $-8,061 |
| 3 years | $-6,033 |
| 5 years | $-4,004 |
| 7 years | $-1,976 |
| 9 years | $53 |
| 11 years | $2,081 |
| 13 years | $4,110 |
| 15 years | $6,139 |
| 17 years | $8,167 |
| 19 years | $10,196 |
| 21 years | $12,224 |
| 23 years | $14,253 |
| 25 years | $16,281 |
Top Solar Installers in Foxborough
When going solar, many homeowners prefer to go with a solar company since putting up a solar system yourself can be a difficult project. Plus, if you're not certain what brand of solar panels and equipment you need, a solar expert can help you find the right equipment for you after a site survey and consultation.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
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 Foxborough
Factors that Affect Solar Panel Costs in Foxborough
Although the average cost of a solar system in Foxborough is $9,076, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
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 spend about $2,940 per kilowatt in Foxborough. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Foxborough, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Foxborough to be too expensive, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you get to install your solar system can play a part in determining the cost. Foxborough's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on 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 | $3.06 | $12,842 | $21,668 | 9.3 years |
| 8 kW | $3.00 | $16,793 | $29,220 | 9.1 years |
| 10 kW | $2.94 | $20,580 | $36,937 | 8.9 years |
| 12 kW | $2.88 | $24,202 | $44,818 | 8.8 years |
| 14 kW | $2.82 | $27,660 | $52,864 | 8.6 years |
| 16 kW | $2.76 | $30,952 | $61,074 | 8.4 years |
| 18 kW | $2.70 | $34,080 | $69,449 | 8.2 years |
| 20 kW | $2.65 | $37,044 | $77,989 | 8.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: The type of solar panel you'd like to get plays a part in which company you should opt for, since different companies provide different panels.
- Contract: Though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Make sure you're aligned 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.
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 Foxborough, MA Solar Cost FAQs
What is the average cost of installing solar panels in Foxborough?
This is a tough question to answer precisely, because the cost depends on many factors. Generally 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 cost more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,150.33 per year.
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 should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.