Solar Panel Cost Guide in Rehoboth, MA (Mar 2023)
- Rehoboth Solar Installation Cost: $8,911
- 25-Year Savings: $16,854
- Payback Period: 8.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Rehoboth
Find out what the average cost of solar panels are in Rehoboth.
The national average cost of solar panels is $2.66 per watt, but in Rehoboth it's 2.94 per watt. Using this figure, a typical 4.3-kW system would cost about $8,911 before the 30% federal solar tax credit is applied.
The actual price you pay can go above or below the average in Rehoboth depending on several factors, such as the brand of solar panels you choose and the solar installer you hire. Despite the large upfront cost, the average Rehoboth homeowner can save around $23,000 on their electricity bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a highly rated solar company in Rehoboth for a personalized quote.
Solar savings over time in Rehoboth
| Year | Return on Investment |
|---|---|
| 1 years | $-7,881 |
| 3 years | $-5,819 |
| 5 years | $-3,758 |
| 7 years | $-1,697 |
| 9 years | $364 |
| 11 years | $2,426 |
| 13 years | $4,487 |
| 15 years | $6,548 |
| 17 years | $8,609 |
| 19 years | $10,671 |
| 21 years | $12,732 |
| 23 years | $14,793 |
| 25 years | $16,854 |
Top Solar Installers in Rehoboth
Although it's possible to install solar panels on your own, it involves extra effort and knowledge. That's why almost all homeowners choose to hire a solar panel installer. The expertise that solar companies provide can be helpful as well, especially if you aren't sure what type of solar equipment you need.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Rehoboth
Factors that Affect Solar Panel Costs in Rehoboth
There are a number of criteria that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,940. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Rehoboth homeowners opt to finance their solar panel systems to make going solar more affordable. When estimating your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you hire to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating in Rehoboth, and each can charge varying amounts for labor and equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 | $22,872 | 9.0 years |
| 8 kW | $3.00 | $16,793 | $30,825 | 8.8 years |
| 10 kW | $2.94 | $20,580 | $38,943 | 8.6 years |
| 12 kW | $2.88 | $24,202 | $47,225 | 8.5 years |
| 14 kW | $2.82 | $27,660 | $55,672 | 8.3 years |
| 16 kW | $2.76 | $30,952 | $64,284 | 8.1 years |
| 18 kW | $2.70 | $34,080 | $73,060 | 8.0 years |
| 20 kW | $2.65 | $37,044 | $82,001 | 7.8 years |
How to Save on Solar Panels
There are a lot of companies available in Rehoboth, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases offer high-quality solar panel installation and expertise.
- Contract: Even though reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Installation Process: When going solar, it's necessary to keep an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the project completion timeline.
- Solar Panel Brands: The brand of solar panel you want plays a role in which installer you should opt for, since different companies have 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
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Rehoboth, MA Solar Cost FAQs
How much does it cost to install solar panels in Rehoboth?
The average cost of solar panels in Rehoboth is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Rehoboth?
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 don't have access to 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 savings from going solar.
How much can I save on energy bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,190.45 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage and the average daily sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
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.