Solar Panel Cost Guide in Raynham, MA (2023 Update)
- Raynham Solar Installation Cost: $8,911
- 25-Year Savings: $15,724
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Raynham
Find out how much it might cost to make the switch to solar in Raynham.
In Raynham, solar panels cost about 2.94 per watt on average. The average Raynham homeowner needs a 4.3-kilowatt system, which would cost about $8,911 with the federal tax credit, or $12,743 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Raynham homeowner. The price 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. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $22,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar company in Raynham that can help you get a more accurate cost estimate for your home.
Solar savings over time in Raynham
| Year | Return on Investment |
|---|---|
| 1 years | $-7,926 |
| 3 years | $-5,955 |
| 5 years | $-3,984 |
| 7 years | $-2,013 |
| 9 years | $-43 |
| 11 years | $1,928 |
| 13 years | $3,899 |
| 15 years | $5,870 |
| 17 years | $7,840 |
| 19 years | $9,811 |
| 21 years | $11,782 |
| 23 years | $13,753 |
| 25 years | $15,724 |
Top Solar Installers in Raynham
When switching to solar energy, many homeowners prefer to use a solar installation company since installing solar panels yourself can be a difficult project. Some solar companies, particularly local ones, can help you make the most of incentives in Raynham, thereby optimizing your ROI.
If you'd like to go solar but still aren't sure which solar panel installer to go with, here are our suggestions for providers 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 Raynham
Factors that Affect Solar Panel Costs in Raynham
For many Raynham homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Raynham, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar system in Raynham, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,940 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Raynham, 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 Raynham offer solar loans, which reduce the initial cost of installing a solar system. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The solar company you hire to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies in Raynham, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $21,305 | 9.4 years |
| 8 kW | $3.00 | $16,793 | $28,735 | 9.2 years |
| 10 kW | $2.94 | $20,580 | $36,331 | 9.0 years |
| 12 kW | $2.88 | $24,202 | $44,091 | 8.9 years |
| 14 kW | $2.82 | $27,660 | $52,016 | 8.7 years |
| 16 kW | $2.76 | $30,952 | $60,105 | 8.5 years |
| 18 kW | $2.70 | $34,080 | $68,359 | 8.3 years |
| 20 kW | $2.65 | $37,044 | $76,778 | 8.1 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely offer quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a couple decades are the best you can get in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: The model of solar panel you need plays a role in which installer you should go with, 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 Raynham, MA Solar Cost FAQs
How much does it cost to install solar panels in Raynham?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 higher quality panels, or if you have above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Raynham?
You can't get solar panels for free in Raynham. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
How will having solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Raynham is currently $353,100, which means you can expect a value of about $14,477 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Raynham is a rewarding investment.
How long do solar panels last in Raynham?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can opt to 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.