Solar Panel Cost Guide in Sherborn, MA (2024 Update)
- Sherborn Solar Installation Cost: $12,674
- 25-Year Savings: $16,926
- Payback Period: 12.1 Years
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Average Cost of Solar Panels in Sherborn
Let’s have a look at the average cost of solar panels in Sherborn.
Although the national average of solar panels is $2.66 per watt, solar panels in Sherborn generally cost around 4.The average solar panel system size in Sherborn is around 4.5 kilowatts, meaning a cost of about $12,674 for a solar installation, or $18,124 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Sherborn homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $22,000 on utility bills over 20 years, many homeowners in Sherborn find investing in solar can pay off big.
Click the button below to get connected to a highly rated solar installer in Sherborn for a customized estimate.
Solar savings over time in Sherborn
| Year | Return on Investment |
|---|---|
| 1 years | $-11,072 |
| 3 years | $-7,870 |
| 5 years | $-4,667 |
| 7 years | $-1,465 |
| 9 years | $1,738 |
| 11 years | $4,941 |
| 13 years | $8,143 |
| 15 years | $11,346 |
| 17 years | $14,549 |
| 19 years | $17,751 |
| 21 years | $20,954 |
| 23 years | $24,156 |
| 25 years | $27,359 |
Top Solar Installers in Sherborn
Installing solar panels yourself can be a time-consuming task, which is why using a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel installer can protect your investment and reduce the cost of maintenance in the long run.
Working with a licensed solar company can help you make the most of your investment in solar. 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 for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Sherborn
Factors that Affect Solar Panel Costs in Sherborn
There are several criteria that can determine your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $4,060 per kilowatt in Sherborn.The kind of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more costly. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That’s why many Sherborn homeowners decide to finance their solar panel systems to offset upfront costs.Even though solar loans make adopting solar energy more accessible for Sherborn homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Sherborn, and each can charge varying amounts for labor and equipment.The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of greater 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 promotion can bring their pricing down 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 | $4.22 | $17,734 | $17,387 | 12.6 years |
| 8 kW | $4.14 | $23,191 | $23,637 | 12.4 years |
| 10 kW | $4.06 | $28,420 | $30,115 | 12.1 years |
| 12 kW | $3.98 | $33,422 | $36,820 | 11.9 years |
| 14 kW | $3.90 | $38,196 | $43,752 | 11.7 years |
| 16 kW | $3.82 | $42,744 | $50,912 | 11.4 years |
| 18 kW | $3.74 | $47,064 | $58,299 | 11.2 years |
| 20 kW | $3.65 | $51,156 | $65,913 | 10.9 years |
How to Save on Solar Panels
There are a lot of companies available in Sherborn, 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:
- Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Sherborn, MA Solar Cost FAQs
What is the average cost of installing solar panels in Sherborn?
This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in Sherborn?
You can’t get solar panels for free in Sherborn. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Do solar panels increase your property value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
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 uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally 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.