Solar Panel Cost Guide in Raynham, MA (Feb 2023)
- Raynham Solar Installation Cost: $8,911
- 25-Year Savings: $15,724
- Payback Period: 9.0 Years
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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:
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.
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.
EcoWatch's Raynham, MA Solar Cost FAQs
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.