Solar Panel Cost Guide in Middleborough, MA (Mar 2023)
- Middleborough Solar Installation Cost: $8,520
- 25-Year Savings: $16,444
- Payback Period: 8.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Middleborough
Find out what the average cost of solar panel installation is in Middleborough.
While the national average of solar panels is $2.66 per watt, solar panels in Middleborough typically cost about 2.94. To account for the typical energy usage of the average home in Middleborough, most homeowners require a 4.1-kilowatt system. Using the figure above, a solar installation costs about $8,520, or $12,184 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of making the switch to solar can vary depending on several factors, such as what size system you need, your energy consumption and what company you go with. But, once you've paid the initial cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $23,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar company in Middleborough for a quote for your home.
Solar savings over time in Middleborough
| Year | Return on Investment |
|---|---|
| 1 years | $-7,522 |
| 3 years | $-5,524 |
| 5 years | $-3,527 |
| 7 years | $-1,530 |
| 9 years | $467 |
| 11 years | $2,464 |
| 13 years | $4,461 |
| 15 years | $6,458 |
| 17 years | $8,456 |
| 19 years | $10,453 |
| 21 years | $12,450 |
| 23 years | $14,447 |
| 25 years | $16,444 |
Top Solar Installers in Middleborough
When going solar, many homeowners choose to hire a solar installation company since putting up a solar system yourself can be a time-consuming project. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Middleborough
Factors that Affect Solar Panel Costs in Middleborough
The cost of installing a solar system in Middleborough can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,940. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Middleborough homeowners decide to finance their solar panel systems to offset upfront costs. Although solar loans make going solar more accessible for Middleborough homeowners, they can also add to 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 to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Middleborough, and each can charge different amounts for labor and equipment. Additionally, some companies in Middleborough have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $23,355 | 8.9 years |
| 8 kW | $3.00 | $16,793 | $31,470 | 8.7 years |
| 10 kW | $2.94 | $20,580 | $39,749 | 8.5 years |
| 12 kW | $2.88 | $24,202 | $48,192 | 8.4 years |
| 14 kW | $2.82 | $27,660 | $56,801 | 8.2 years |
| 16 kW | $2.76 | $30,952 | $65,574 | 8.0 years |
| 18 kW | $2.70 | $34,080 | $74,511 | 7.8 years |
| 20 kW | $2.65 | $37,044 | $83,613 | 7.7 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will offer various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Contract: Before signing a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
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 Middleborough, MA Solar Cost FAQs
What is the average cost of installing solar panels in Middleborough?
This is a tough question to answer precisely, because the cost depends on a variety of 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Middleborough?
You can't get solar panels for free in Middleborough. However, you may still be able to install 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.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Middleborough is currently $327,999, which means you can expect a value of about $13,448 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Middleborough is a rewarding investment.
How long do solar panels last in Middleborough?
On average, solar panels can last 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.