Solar Panel Cost Guide in Oak Bluffs, MA (2025 Update)
- Oak Bluffs Solar Installation Cost: $11,587
- 25-Year Savings: $17,712
- Payback Period: 11.1 Years
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Average Cost of Solar Panels in Oak Bluffs
Here’s how much it might cost to switch to solar power in Oak Bluffs.
The national average cost of solar panels is $2.66 per watt, but in Oak Bluffs it’s 4 per watt.The average Oak Bluffs homeowner needs a 4.1-kilowatt system, which would cost about $11,587 with the federal tax credit, or $16,569 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of going solar can vary depending on a few factors, such as how many panels you need, your energy consumption and what company you go with.But, after you've paid the upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $24,000 over 20 years on power bills.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Oak Bluffs
| Year | Return on Investment |
|---|---|
| 1 years | $-9,986 |
| 3 years | $-6,783 |
| 5 years | $-3,581 |
| 7 years | $-378 |
| 9 years | $2,824 |
| 11 years | $6,027 |
| 13 years | $9,230 |
| 15 years | $12,432 |
| 17 years | $15,635 |
| 19 years | $18,838 |
| 21 years | $22,040 |
| 23 years | $25,243 |
| 25 years | $28,445 |
Top Solar Installers in Oak Bluffs
Although it's possible to install solar panels by yourself, it involves extra energy and know-how. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your initial investment.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Oak Bluffs
Factors that Affect Solar Panel Costs in Oak Bluffs
While the average cost of a solar system in Oak Bluffs is $11,587, your actual cost may be above or below the average. There are quite a few factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the most significant factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,060.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Oak Bluffs, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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 solar panels in cash is too expensive, solar loans are an affordable choice because they lower your upfront costs and let you pay for your system over five to seven years on average.Although solar loans make going solar more accessible for Oak Bluffs homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can play a part in determining the cost. Oak Bluffs’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Oak Bluffs are more knowledgeable 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 end up saving you 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 | $4.22 | $17,734 | $20,679 | 11.5 years |
| 8 kW | $4.14 | $23,191 | $28,027 | 11.3 years |
| 10 kW | $4.06 | $28,420 | $35,602 | 11.1 years |
| 12 kW | $3.98 | $33,422 | $43,405 | 10.9 years |
| 14 kW | $3.90 | $38,196 | $51,435 | 10.7 years |
| 16 kW | $3.82 | $42,744 | $59,692 | 10.4 years |
| 18 kW | $3.74 | $47,064 | $68,176 | 10.2 years |
| 20 kW | $3.65 | $51,156 | $76,888 | 10.0 years |
How to Save on Solar Panels
The solar panel company you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
EcoWatch's Oak Bluffs, MA Solar Cost FAQs
How much does it cost to install solar panels in Oak Bluffs?
The average cost of solar panels in Oak Bluffs is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Oak Bluffs?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The downside 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 get the most savings.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.