Solar Panel Cost Guide in Seekonk, MA (2023 Update)
- Seekonk Solar Installation Cost: $8,908
- 25-Year Savings: $17,016
- Payback Period: 8.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Seekonk
Find out what the average cost of a solar system is in Seekonk.
In Seekonk, solar panels cost about 2.94 per watt on average. The average Seekonk 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.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of equipment you want to get, your solar contractor and more. But, after you've paid the upfront cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $23,000 over 20 years on utility bills.
Click the button below to get connected to a top solar installer in your area for a custom estimate.
Solar savings over time in Seekonk
| Year | Return on Investment |
|---|---|
| 1 years | $-8,822 |
| 3 years | $-8,649 |
| 5 years | $-8,476 |
| 7 years | $-8,303 |
| 9 years | $-8,131 |
| 11 years | $-7,958 |
| 13 years | $-7,785 |
| 15 years | $-7,612 |
| 17 years | $-7,439 |
| 19 years | $-7,267 |
| 21 years | $-7,094 |
| 23 years | $-6,921 |
| 25 years | $-6,748 |
Top Solar Installers in Seekonk
Installing solar panels yourself can be a time-consuming task, which is why hiring a solar installer is a good option for many homeowners. Plus, if you aren't sure 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 get a free estimate from a local solar installer on how much solar panels could cost for your home. Here are some in Seekonk:
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 Seekonk
Factors that Affect Solar Panel Costs in Seekonk
There are many criteria that can determine 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
When it comes to estimating the cost of a solar system 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 gauge by looking at past energy bills. Your total cost can increase by around $2,940 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Seekonk average.
Solar Financing Terms
Many homeowners find the average cost of solar in Seekonk to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time due to interest. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to 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 securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can play a role in your total costs. There are about 3 solar panel companies operating in Seekonk, and each can charge different amounts for labor and equipment. Larger national companies usually have lower costs, but some local companies keep up with them by promoting 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 | $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
Since the model of solar panels and the installation company you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which installer you should go with, since different companies offer different panels.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
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 Seekonk, MA Solar Cost FAQs
What is the average cost of installing solar panels in Seekonk?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally 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 more efficient panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider other than cost when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How much can I save on electricity 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 $1,197.80 per year.
How long do solar panels last in Seekonk?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.