Solar Panel Cost Guide in Sherborn, MA (2023 Update)
- Sherborn Solar Installation Cost: $9,178
- 25-Year Savings: $16,926
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Sherborn
Let's take a look at the average cost of solar in Sherborn.
Although the national average of solar panels is $2.66 per watt, solar panels in Sherborn generally cost around 2.94. The average Sherborn homeowner needs a 4.5-kilowatt system, which would cost about $9,179 with the federal tax credit, or $13,126 before the 30% tax credit is applied.
These figures are just estimates, and the cost of going solar for you may vary based on your specific situation and what company you want to go with. With average savings of about $22,000 on electricity bills over 20 years, many homeowners in Sherborn find installing solar panels can be quite rewarding.
Click the button below to get connected to a reputable solar company in Sherborn for a custom estimate.
Solar savings over time in Sherborn
| Year | Return on Investment |
|---|---|
| 1 years | $-7,576 |
| 3 years | $-4,374 |
| 5 years | $-1,171 |
| 7 years | $2,032 |
| 9 years | $5,234 |
| 11 years | $8,437 |
| 13 years | $11,640 |
| 15 years | $14,842 |
| 17 years | $18,045 |
| 19 years | $21,247 |
| 21 years | $24,450 |
| 23 years | $27,653 |
| 25 years | $30,855 |
Top Solar Installers in Sherborn
Installing solar panels yourself can be a challenging undertaking, which is why hiring a solar installation company is a good option for many homeowners. The expertise that solar installers offer can be useful as well, especially if you aren't sure what type of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our recommendations for providers in Sherborn:
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 Sherborn
Factors that Affect Solar Panel Costs in Sherborn
For many Sherborn homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Sherborn, with typical prices between $20,000 to $40,000. There are a number of factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The brand and kind of equipment you get for your solar system can raise or lower 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 limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Sherborn, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. When trying to figure out 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
The remaining major cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Sherborn, you'll have many options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Sherborn have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. 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 | $22,279 | 9.1 years |
| 8 kW | $3.00 | $16,793 | $30,034 | 9.0 years |
| 10 kW | $2.94 | $20,580 | $37,955 | 8.8 years |
| 12 kW | $2.88 | $24,202 | $46,039 | 8.6 years |
| 14 kW | $2.82 | $27,660 | $54,289 | 8.4 years |
| 16 kW | $2.76 | $30,952 | $62,703 | 8.3 years |
| 18 kW | $2.70 | $34,080 | $71,282 | 8.1 years |
| 20 kW | $2.65 | $37,044 | $80,025 | 7.9 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on 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:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different price points as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, make sure you look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide good-quality solar panel installation and expertise.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
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 Sherborn, MA Solar Cost FAQs
How much does it cost to install solar panels in Sherborn?
This is a hard 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 additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on power bills after switching to solar?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Sherborn, that will require at least a 10-kW system. Not all homes will have roofs that 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.
How long do solar panels last in Sherborn?
On average, the lifespan of solar panels is 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.