Solar Panel Cost Guide in Lakeville, MA (2025 Update)
- Lakeville Solar Installation Cost: $11,760
- 25-Year Savings: $16,208
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Lakeville
See how much it might cost to install solar panels in Lakeville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lakeville, the average cost of solar panels is 4 per watt.Because a 4.1-kW system is needed to cover the energy consumption of a typical home in Lakeville, the average price of going solar will be about $11,760 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy needs, the type of solar panels you choose, your solar contractor and more.Even with the high initial cost, the average Lakeville homeowner can save about $23,000 on their power bills over 20 years, which is one of the advantages of solar.
To receive a free estimate from a pre-vetted solar installation company in Lakeville, you can click the button below.
Solar savings over time in Lakeville
| Year | Return on Investment |
|---|---|
| 1 years | $-10,159 |
| 3 years | $-6,956 |
| 5 years | $-3,754 |
| 7 years | $-551 |
| 9 years | $2,652 |
| 11 years | $5,854 |
| 13 years | $9,057 |
| 15 years | $12,259 |
| 17 years | $15,462 |
| 19 years | $18,665 |
| 21 years | $21,867 |
| 23 years | $25,070 |
| 25 years | $28,273 |
Top Solar Installers in Lakeville
Trying to install solar panels by yourself can be a stressful task, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers provide can be valuable as well, especially if you aren’t sure what type of solar equipment you need.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in Lakeville
Factors that Affect Solar Panel Costs in Lakeville
For many Lakeville homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Lakeville, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 $4,060 per kilowatt in Lakeville.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Lakeville, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or you don’t have a lot of 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
If paying for a solar system out of pocket is out of reach, solar loans are a popular choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, including the total 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 securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Lakeville is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that offer a range of services at different costs.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and find a company that has the products, warranties and services you’re looking for and also fit into your budget.
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 | $18,115 | 12.4 years |
| 8 kW | $4.14 | $23,191 | $24,608 | 12.1 years |
| 10 kW | $4.06 | $28,420 | $31,329 | 11.9 years |
| 12 kW | $3.98 | $33,422 | $38,276 | 11.7 years |
| 14 kW | $3.90 | $38,196 | $45,452 | 11.4 years |
| 16 kW | $3.82 | $42,744 | $52,854 | 11.2 years |
| 18 kW | $3.74 | $47,064 | $60,484 | 10.9 years |
| 20 kW | $3.65 | $51,156 | $68,341 | 10.7 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose greatly impacts your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
- Contract: Before signing a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- 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: The kind of solar panel you need to get plays a role in which company you should go with, since different companies provide different panels.
EcoWatch's Lakeville, MA Solar Cost FAQs
How much does it cost to install solar panels in Lakeville?
The average cost of solar panels in Lakeville is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
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 take into account are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Lakeville?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.