Solar Panel Cost Guide in North Plymouth, MA (2023 Update)
- North Plymouth Solar Installation Cost: $8,520
- 25-Year Savings: $17,583
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in North Plymouth
Let's have a look at the average cost of solar in North Plymouth.
While the national average of solar panels is $2.66 per watt, solar panels in North Plymouth typically cost around 2.94. Using this figure, a typical 4.1-kW system would cost about $8,520 before the 30% federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average North Plymouth homeowner. The cost 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. Even with the significant upfront cost, the average North Plymouth homeowner can save about $24,000 on their energy bills over 20 years, which is one of the positives of solar.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in North Plymouth
| Year | Return on Investment |
|---|---|
| 1 years | $-7,476 |
| 3 years | $-5,388 |
| 5 years | $-3,299 |
| 7 years | $-1,211 |
| 9 years | $877 |
| 11 years | $2,965 |
| 13 years | $5,054 |
| 15 years | $7,142 |
| 17 years | $9,230 |
| 19 years | $11,318 |
| 21 years | $13,407 |
| 23 years | $15,495 |
| 25 years | $17,583 |
Top Solar Installers in North Plymouth
Many homeowners opt for a solar panel company since installing solar panels on your own can be a lot of work. Plus, if you aren't sure what type of solar panels and equipment you may need, a solar installer can help you figure that out after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar panels. 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
See all of the solar companies in North Plymouth
Factors that Affect Solar Panel Costs in North Plymouth
The cost of installing a solar system in North Plymouth can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
One of the most significant 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 pay around $2,940 per kilowatt in North Plymouth. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in North Plymouth to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in higher prices over time because of interest. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies in North Plymouth, and each can charge varying amounts for labor and equipment. You may come across 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 specials to compete with those larger companies.
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 | $25,007 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,672 | 8.3 years |
| 10 kW | $2.94 | $20,580 | $42,501 | 8.2 years |
| 12 kW | $2.88 | $24,202 | $51,495 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,654 | 7.8 years |
| 16 kW | $2.76 | $30,952 | $69,977 | 7.7 years |
| 18 kW | $2.70 | $34,080 | $79,465 | 7.5 years |
| 20 kW | $2.65 | $37,044 | $89,118 | 7.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, 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: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
- 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 previous customers and solar experts like the EcoWatch team.
- Contract: When reading 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 if the company goes out of business.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which installer you should choose, since different companies provide different panels.
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 Plymouth, MA Solar Cost FAQs
What is the average cost of installing solar panels in North Plymouth?
This is a hard question to answer precisely, because the cost depends on a few different 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in North Plymouth?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can you sell solar power back to the grid in North Plymouth?
Each state has some form 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 electricity bills.
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 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.