Solar Panel Cost Guide in Freetown, MA (Jan 2023)
- Freetown Solar Installation Cost: $8,911
- 25-Year Savings: $17,040
- Payback Period: 8.6 Years
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Top Solar Installers in Freetown
Although you can install solar panels on your own, it requires extra time and knowledge. That's why the majority of homeowners choose to go with a solar panel installer. Plus, if you aren't sure what type of solar panels and equipment you want, a solar installer can help you find the right equipment for you after a site survey and consultation.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Freetown
Factors that Affect Solar Panel Costs in Freetown
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that will push your cost above or below the average in Freetown: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $2,940 per kilowatt in Freetown. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, extra products, like solar batteries, can bring your total well above the Freetown average.
Solar Financing Terms
Most solar companies in Freetown have solar loans, which reduce your upfront costs of installing a solar system. 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're only able to 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 significantly.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Freetown is the company you hire to install your solar system. As with choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services at different price points. Additionally, some companies in Freetown are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$23,129||8.9 years|
|8 kW||$3.00||$16,793||$31,168||8.8 years|
|10 kW||$2.94||$20,580||$39,371||8.6 years|
|12 kW||$2.88||$24,202||$47,739||8.4 years|
|14 kW||$2.82||$27,660||$56,272||8.2 years|
|16 kW||$2.76||$30,952||$64,969||8.1 years|
|18 kW||$2.70||$34,080||$73,831||7.9 years|
|20 kW||$2.65||$37,044||$82,858||7.7 years|
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you choose.
- Reputation: Long-running companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
EcoWatch's Freetown, MA Solar Cost FAQs
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.