Solar Panel Cost Guide in Plymouth, MA (2024 Update)
- Plymouth Solar Installation Cost: $11,760
- 25-Year Savings: $17,587
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Plymouth
Let’s take a look at the average cost of solar panels in Plymouth.
In Plymouth, solar panels cost about 4 per watt on average.The average solar panel system size in Plymouth is around 4.1 kilowatts, meaning a cost of about $11,760 for a solar installation, or $16,817 before the 0 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 true cost of making the switch to solar can vary quite a bit based on several factors, such as how many panels you need, your energy consumption and what solar installer you go with.Many homeowners find adopting solar power is a sound investment. The average homeowner in Plymouth can save about $24,000 on their electricity bills over 20 years.
To receive a free quote from a top solar installer in Plymouth, you can click the button below.
Solar savings over time in Plymouth
Year | Return on Investment |
---|---|
1 years | $-10,159 |
3 years | $-6,956 |
5 years | $-3,754 |
7 years | $-551 |
9 years | $2,652 |
11 years | $5,854 |
13 years | $9,057 |
15 years | $12,259 |
17 years | $15,462 |
19 years | $18,665 |
21 years | $21,867 |
23 years | $25,070 |
25 years | $28,273 |
Top Solar Installers in Plymouth
Although it's possible to install solar panels yourself, it requires extra effort and knowledge. That's one of the reasons most people choose to go with a solar panel installer. Some solar companies, particularly local ones, can help you take advantage of incentives in Plymouth, thereby optimizing your ROI.
There are a number of licensed solar professionals that can install solar panels for you. 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Plymouth
Factors that Affect Solar Panel Costs in Plymouth
For many Plymouth homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Plymouth, with typical prices between $20,000 to $40,000. There are a few factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $4,060. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Plymouth, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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
Most solar companies in Plymouth provide solar loans, which reduce your upfront costs of installing solar.When figuring out your overall cost, you should also calculate the interest you’ll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Additionally, some companies in Plymouth know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, 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 | $20,115 | 11.7 years |
8 kW | $4.14 | $23,191 | $27,274 | 11.5 years |
10 kW | $4.06 | $28,420 | $34,661 | 11.3 years |
12 kW | $3.98 | $33,422 | $42,275 | 11.0 years |
14 kW | $3.90 | $38,196 | $50,117 | 10.8 years |
16 kW | $3.82 | $42,744 | $58,186 | 10.6 years |
18 kW | $3.74 | $47,064 | $66,482 | 10.4 years |
20 kW | $3.65 | $51,156 | $75,006 | 10.1 years |
How to Save on Solar Panels
There are numerous companies available in Plymouth, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
- 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.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline incentives and warranties.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Plymouth, MA Solar Cost FAQs
What is the average cost of installing solar panels in Plymouth?
The average cost of solar panels in Plymouth is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Plymouth?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property 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.
Is switching to solar power worth it?
Solar panels can be a great investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Plymouth?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.