Solar Panel Cost Guide in Raynham Center, MA (2023 Update)
- Raynham Center Solar Installation Cost: $8,908
- 25-Year Savings: $15,726
- Payback Period: 9.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Raynham Center
Let's have a look at the average cost of solar panels in Raynham Center.
Although the national average of solar panels is $2.66 per watt, solar panels in Raynham Center generally cost about 2.94. The average Raynham Center 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.
These figures are only estimates, and your own solar costs will differ based on factors unique to your home and what company you want to go with. Even with the significant initial cost, the average Raynham Center homeowner can save around $22,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar company in Raynham Center for a quote for your home.
Solar savings over time in Raynham Center
| Year | Return on Investment |
|---|---|
| 1 years | $-7,496 |
| 3 years | $-4,673 |
| 5 years | $-1,849 |
| 7 years | $975 |
| 9 years | $3,799 |
| 11 years | $6,622 |
| 13 years | $9,446 |
| 15 years | $12,270 |
| 17 years | $15,094 |
| 19 years | $17,918 |
| 21 years | $20,741 |
| 23 years | $23,565 |
| 25 years | $26,389 |
Top Solar Installers in Raynham Center
Installing solar panels on your own can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
You can work with a local solar installer to get a free estimate 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 Raynham Center
Factors that Affect Solar Panel Costs in Raynham Center
For many Raynham Center homeowners, the decision to go solar comes down to cost. However, the range of solar installation costs can be quite wide in Raynham Center, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Raynham Center, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can determine by looking at past power bills. Your overall cost can increase by about $2,940 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you pick also affects the cost. In general, the brands that are more efficient tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Raynham Center is the company you hire to install your solar panel system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different price points. Additionally, some companies in Raynham Center are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $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 a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated 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 previous customers.
- Contract: When looking over your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: Warranties that provide coverage for replacement parts and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before deciding.
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 Center, MA Solar Cost FAQs
How much does it cost to install solar panels in Raynham Center?
This is a tough 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Raynham Center?
Solar panels aren't free in Raynham Center, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Raynham Center?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
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 household 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.