Solar Panel Cost Guide in Pembroke, MA (2023 Update)
- Pembroke 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 Pembroke
We go over average solar pricing in Pembroke.
The national average cost of solar panels is $2.66 per watt, but in Pembroke it's 2.94 per watt. The average solar panel system size in 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 true cost of your system can go higher or lower than the average in Pembroke depending on several factors, such as the brand of solar panels you choose and the solar company you hire. For most homeowners, the upfront cost of solar is worth paying. On average Pembroke homeowners see about $24,000 in savings on utility bills over 20 years.
To receive a free quote from a top solar installer in Pembroke, you can click the button below.
Solar savings over time in Pembroke
| 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 Pembroke
When going solar, many homeowners opt to go with a solar installation company since installing a solar system yourself can be a difficult project. The expertise that solar installers provide can be invaluable as well, particularly if you aren't sure what type of solar equipment you need.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
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 Pembroke
Factors that Affect Solar Panel Costs in Pembroke
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that affect your total cost in Pembroke: 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 significant 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 power your household uses, the larger your system will likely need to be. You can expect to pay around $2,940 per kilowatt in Pembroke. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Pembroke, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Pembroke homeowners opt to finance their solar panel systems to offset upfront costs. However, the interest on solar loans also increases your all-in costs, so it's important to keep that in mind as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Pembroke, and each can charge different amounts for labor and equipment. You may see national solar installers that have lower prices due to their bigger brand name and access to bulk equipment 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 | $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
The solar installer you opt for will affect not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, including:
- Contract: When reading over your solar installer's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which type of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
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 Pembroke, MA Solar Cost FAQs
What is the average cost of installing solar panels in Pembroke?
The average cost of solar panels in 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 such as the type of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,257.30 per year.
How many solar panels should I get to power 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 generally 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.