Solar Panel Cost Guide in Seekonk, MA (2023 Update)
- Seekonk Solar Installation Cost: $8,911
- 25-Year Savings: $17,013
- Payback Period: 8.6 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Seekonk
We break down average solar pricing in Seekonk.
In Seekonk, solar panels cost about 2.94 per watt on average. The average solar panel system size in Seekonk is around 4.3 kilowatts, meaning a cost of about $8,911 for a solar installation, or $12,743 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Seekonk homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar power is worth paying. On average homeowners in Seekonk see about $23,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Seekonk for a quote for your home.
Solar savings over time in Seekonk
| Year | Return on Investment |
|---|---|
| 1 years | $-7,874 |
| 3 years | $-5,800 |
| 5 years | $-3,726 |
| 7 years | $-1,652 |
| 9 years | $422 |
| 11 years | $2,496 |
| 13 years | $4,570 |
| 15 years | $6,644 |
| 17 years | $8,718 |
| 19 years | $10,791 |
| 21 years | $12,865 |
| 23 years | $14,939 |
| 25 years | $17,013 |
Top Solar Installers in Seekonk
Many homeowners opt for a solar installation company since figuring out how to install solar panels yourself can be a lot of work. Companies can also provide access to various kinds of the best solar panels and help you decide which one will be best for your family.
If you'd like to switch to solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers nearby:
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 Seekonk
Factors that Affect Solar Panel Costs in Seekonk
While the average cost of a solar system in Seekonk is $8,911, your final cost may be above or below the average. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
Solar Equipment
When it comes to estimating the cost of solar panels in Seekonk, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,940 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable option because they lower your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Seekonk is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services at different costs. Additionally, some companies in Seekonk 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 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 | $3.06 | $12,842 | $23,092 | 8.9 years |
| 8 kW | $3.00 | $16,793 | $31,119 | 8.8 years |
| 10 kW | $2.94 | $20,580 | $39,310 | 8.6 years |
| 12 kW | $2.88 | $24,202 | $47,666 | 8.4 years |
| 14 kW | $2.82 | $27,660 | $56,186 | 8.2 years |
| 16 kW | $2.76 | $30,952 | $64,871 | 8.1 years |
| 18 kW | $2.70 | $34,080 | $73,721 | 7.9 years |
| 20 kW | $2.65 | $37,044 | $82,736 | 7.7 years |
How to Save on Solar Panels
There are many companies available in Seekonk, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: If you're worried about the longevity of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you opt for.
- Reputation: Long-standing companies likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Seekonk, MA Solar Cost FAQs
How much does it cost to install solar panels in Seekonk?
This is a hard question to answer precisely, 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 be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
How much can I save on electricity bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Seekonk, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can 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 install between 20 and 35 panels to account for 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.