Solar Panel Cost Guide in Ocean Bluff Brant Rock, MA (2023 Update)
- Ocean Bluff Brant Rock Solar Installation Cost: $8,520
- 25-Year Savings: $17,494
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Ocean Bluff Brant Rock
See how much it might cost to switch to solar power in Ocean Bluff Brant Rock.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ocean Bluff Brant Rock, the average cost of a solar system is 2.94 per watt. To cover the typical energy needs of the average home in Ocean Bluff Brant Rock, most homeowners require a 4.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $8,520, or $12,184 before the federal solar tax credit of 30% is applied.
How much you pay can go higher or lower than the average in Ocean Bluff Brant Rock based on a few factors, such as the kind of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $24,000 in savings on utility bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Ocean Bluff Brant Rock for a quote for your home.
Solar savings over time in Ocean Bluff Brant Rock
| Year | Return on Investment |
|---|---|
| 1 years | $-7,480 |
| 3 years | $-5,398 |
| 5 years | $-3,317 |
| 7 years | $-1,236 |
| 9 years | $845 |
| 11 years | $2,926 |
| 13 years | $5,007 |
| 15 years | $7,088 |
| 17 years | $9,169 |
| 19 years | $11,250 |
| 21 years | $13,331 |
| 23 years | $15,413 |
| 25 years | $17,494 |
Top Solar Installers in Ocean Bluff Brant Rock
Many homeowners opt for a solar installer since trying to put up solar panels on your own can be hard. Some solar companies, particularly local ones, can help you better understand incentives in Ocean Bluff Brant Rock, optimizing your ROI.
There are various 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
See all of the solar companies in Ocean Bluff Brant Rock
Factors that Affect Solar Panel Costs in Ocean Bluff Brant Rock
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that affect your total cost in Ocean Bluff Brant Rock: 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
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $2,940 per kilowatt in Ocean Bluff Brant Rock. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Ocean Bluff Brant Rock, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Ocean Bluff Brant Rock have solar loans, which reduce the initial cost of installing solar panels. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The solar installer you choose to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies operating throughout Ocean Bluff Brant Rock, and each can charge different amounts for labor and equipment. Additionally, some companies in Ocean Bluff Brant Rock are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $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
Since the brand of solar panels and the company you choose considerably impacts your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
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 Ocean Bluff Brant Rock, MA Solar Cost FAQs
What is the average cost of installing solar panels in Ocean Bluff Brant Rock?
The average cost of solar panels in Ocean Bluff Brant Rock 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 consume.
Can you get solar panels for free in Ocean Bluff Brant Rock?
You can't get solar panels for free in Ocean Bluff Brant Rock. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase the value of your home?
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 how many solar panels you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home 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.
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.