Solar Panel Cost Guide in Franklin Town, MA (Mar 2023)
- Franklin Town Solar Installation Cost: $9,076
- 25-Year Savings: $16,938
- Payback Period: 8.7 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Franklin Town
Let's have a look at the average cost of solar panels in Franklin Town.
While the national average of solar panels is $2.66 per watt, solar panels in Franklin Town generally cost around 2.94. The average solar panel system size in Franklin Town is around 4.4 kilowatts, meaning a cost of about $9,076 for a solar installation, or $12,979 before the 30% federal solar 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 system you choose, your solar contractor and more. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $22,000 over 20 years on electricity bills.
You can click the button below to get connected with a pre-vetted solar company in Franklin Town for a quote for your home.
Solar savings over time in Franklin Town
| Year | Return on Investment |
|---|---|
| 1 years | $-8,035 |
| 3 years | $-5,954 |
| 5 years | $-3,873 |
| 7 years | $-1,792 |
| 9 years | $289 |
| 11 years | $2,370 |
| 13 years | $4,451 |
| 15 years | $6,532 |
| 17 years | $8,614 |
| 19 years | $10,695 |
| 21 years | $12,776 |
| 23 years | $14,857 |
| 25 years | $16,938 |
Top Solar Installers in Franklin Town
When making the switch to solar, many homeowners choose to go with a solar company since installing a solar system yourself can be a challenging project. Also, if you'd like to maximize your investment in solar, going with a solar installer can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a professional solar installer can help you make the most of your investment in solar. 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 Franklin Town
Factors that Affect Solar Panel Costs in Franklin Town
Even though the average cost of a solar system in Franklin Town is $9,076, your actual cost may be above or below the average. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,940. The kind of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about 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 falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Franklin Town to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time because of interest. While solar loans make adopting solar energy more accessible for Franklin Town homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you choose will impact your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $22,562 | 9.1 years |
| 8 kW | $3.00 | $16,793 | $30,411 | 8.9 years |
| 10 kW | $2.94 | $20,580 | $38,426 | 8.7 years |
| 12 kW | $2.88 | $24,202 | $46,605 | 8.5 years |
| 14 kW | $2.82 | $27,660 | $54,949 | 8.4 years |
| 16 kW | $2.76 | $30,952 | $63,457 | 8.2 years |
| 18 kW | $2.70 | $34,080 | $72,130 | 8.0 years |
| 20 kW | $2.65 | $37,044 | $80,968 | 7.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: It's important to read through your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
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 Franklin Town, MA Solar Cost FAQs
What is the average cost of installing solar panels in Franklin Town?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,700 for a 5-kW system and $29,400 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive 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.
Does Franklin Town have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Franklin Town?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.