Solar Panel Cost Guide in North Pembroke, MA (2023 Update)
- North Pembroke Solar Installation Cost: $8,516
- 25-Year Savings: $17,498
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in North Pembroke
Find out what the average cost of installing solar panels is in North Pembroke.
The national average cost of solar panels is $2.66 per watt, but in North Pembroke it's 2.94 per watt. The average solar panel system size in North Pembroke is around 4.1 kilowatts, meaning a cost of about $8,520 for a solar installation, or $12,184 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary depending on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. With average savings of about $24,000 on energy bills over 20 years, many homeowners in North Pembroke find going solar has a decent ROI.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in North Pembroke
| Year | Return on Investment |
|---|---|
| 1 years | $-6,793 |
| 3 years | $-3,346 |
| 5 years | $101 |
| 7 years | $3,548 |
| 9 years | $6,995 |
| 11 years | $10,442 |
| 13 years | $13,889 |
| 15 years | $17,335 |
| 17 years | $20,782 |
| 19 years | $24,229 |
| 21 years | $27,676 |
| 23 years | $31,123 |
| 25 years | $34,570 |
Top Solar Installers in North Pembroke
Many homeowners decide to hire a solar installation company since installing solar panels yourself can be challenging. The expertise that solar installers provide can be helpful as well, particularly if you aren't sure what brand of solar equipment would be right for your home.
If you're searching for a solar company in North Pembroke, the EcoWatch team has put together a list of our top suggestions here:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in North Pembroke
Factors that Affect Solar Panel Costs in North Pembroke
Although the average cost of a solar system in North Pembroke is $8,520, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,940. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 power bills. In addition, extra products, like solar batteries, can bring your total well above the North Pembroke average.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. However, the interest on solar loans also increases your total costs, so it's vital to include that in your estimate as well. You can always lower 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 keep in mind is the installer you choose. Given the booming popularity of green energy solutions in North Pembroke, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, 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 | $24,877 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,499 | 8.3 years |
| 10 kW | $2.94 | $20,580 | $42,285 | 8.2 years |
| 12 kW | $2.88 | $24,202 | $51,236 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,351 | 7.9 years |
| 16 kW | $2.76 | $30,952 | $69,632 | 7.7 years |
| 18 kW | $2.70 | $34,080 | $79,076 | 7.5 years |
| 20 kW | $2.65 | $37,044 | $88,686 | 7.4 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 pick the right company for you, here are some tips to keep in mind:
- 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 past customers and solar experts like the EcoWatch team.
- 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.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's North Pembroke, MA Solar Cost FAQs
What is the average cost of installing solar panels in North Pembroke?
The average cost of solar panels in North Pembroke is about $14,700 for a 5-kW system and $29,400 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.
Should I lease or buy solar panels in North Pembroke?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 financial benefits from going solar.
How much can I save on electricity bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in North Pembroke, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can 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.
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.