Solar Panel Cost Guide in Middleborough Center, MA (Mar 2023)
- Middleborough Center Solar Installation Cost: $8,520
- 25-Year Savings: $16,604
- Payback Period: 8.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Middleborough Center
Find out what the average cost of a solar system is in Middleborough Center.
The national average cost of solar panels is $2.66 per watt, but in Middleborough Center it's 2.94 per watt. The average Middleborough Center homeowner needs a 4.1-kilowatt system, which would cost about $8,520 with the federal tax credit, or $12,184 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Middleborough Center homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $23,000 over 20 years on electricity bills.
To get a free estimate from a highly rated solar installer in Middleborough Center, you can click the button below.
Solar savings over time in Middleborough Center
| Year | Return on Investment |
|---|---|
| 1 years | $-7,515 |
| 3 years | $-5,505 |
| 5 years | $-3,495 |
| 7 years | $-1,485 |
| 9 years | $525 |
| 11 years | $2,535 |
| 13 years | $4,544 |
| 15 years | $6,554 |
| 17 years | $8,564 |
| 19 years | $10,574 |
| 21 years | $12,584 |
| 23 years | $14,594 |
| 25 years | $16,604 |
Top Solar Installers in Middleborough Center
Although it's possible to install solar panels by yourself, it involves extra energy and expertise. Because of that, most homeowners choose to go with a solar panel installer. Another perk of going with a solar installer is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
Working with a licensed solar company can help your solar project go smoothly. 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 Middleborough Center
Factors that Affect Solar Panel Costs in Middleborough Center
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Middleborough Center: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,940. The kind of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. 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's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a significant investment. That's why many Middleborough Center homeowners opt to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your total costs, so it's vital to take that into consideration as well. You can always reduce the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The final key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Middleborough Center, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may notice national solar installers that have lower prices due to their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $23,587 | 8.8 years |
| 8 kW | $3.00 | $16,793 | $31,779 | 8.6 years |
| 10 kW | $2.94 | $20,580 | $40,135 | 8.5 years |
| 12 kW | $2.88 | $24,202 | $48,656 | 8.3 years |
| 14 kW | $2.82 | $27,660 | $57,342 | 8.1 years |
| 16 kW | $2.76 | $30,952 | $66,192 | 8.0 years |
| 18 kW | $2.70 | $34,080 | $75,207 | 7.8 years |
| 20 kW | $2.65 | $37,044 | $84,387 | 7.6 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 select the right company for you, here are some tips to keep in mind:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a sound reputation as a company and have demonstrated 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 good reviews from previous customers.
- 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 your solar system's energy production.
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
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 Center, MA Solar Cost FAQs
How much does it cost to install solar panels in Middleborough Center?
The average cost of solar panels in Middleborough Center is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Middleborough Center?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Middleborough Center?
Solar panels can be a good investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.