Solar Panel Cost Guide in Somerset, MA (2024 Update)
- Somerset Solar Installation Cost: $12,302
- 25-Year Savings: $30,784
- Payback Period: 11.9 Years
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Average Cost of Solar Panels in Somerset
Let’s have a look at the average cost of solar in Somerset.
Although the national average of solar panels is $2.66 per watt, solar panels in Somerset typically cost about 4.The average solar panel system size in Somerset is around 4.3 kilowatts, meaning a cost of about $12,302 for a solar installation, or $17,592 before the 0 federal solar tax credit is applied.
These figures are only averages, and the cost of going solar for you may differ based on your specific situation and what company you go with.Even with the high initial cost, the average Somerset homeowner can save about $23,000 on their electricity bills over 20 years, which is one of the advantages of solar.
To get a free quote from a vetted solar installation company in Somerset, you can click the button below.
Solar savings over time in Somerset
| Year | Return on Investment |
|---|---|
| 1 years | $-10,579 |
| 3 years | $-7,132 |
| 5 years | $-3,685 |
| 7 years | $-238 |
| 9 years | $3,209 |
| 11 years | $6,656 |
| 13 years | $10,103 |
| 15 years | $13,550 |
| 17 years | $16,996 |
| 19 years | $20,443 |
| 21 years | $23,890 |
| 23 years | $27,337 |
| 25 years | $30,784 |
Top Solar Installers in Somerset
Installing solar panels by yourself can be a stressful project, which is why using a solar installer is a good option for many homeowners. Another good thing about choosing a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some 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 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 Somerset
Factors that Affect Solar Panel Costs in Somerset
Though the average cost of a solar system in Somerset is $12,302, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of solar panels in Somerset, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $4,060 for each additional kilowatt you need.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 cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Somerset to be too expensive, even if the investment pays off over time. Fortunately, almost every solar installer in the area offers financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to higher prices over time because of interest.However, the interest on solar loans also adds to your all-in costs, so it’s vital to take that into consideration as well. You can always lower the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Somerset is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for example, there are plenty of solar installers that offer a range of services for different budgets.Additionally, some companies in Somerset know more 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 | $4.22 | $17,734 | $18,200 | 12.3 years |
| 8 kW | $4.14 | $23,191 | $24,721 | 12.1 years |
| 10 kW | $4.06 | $28,420 | $31,470 | 11.9 years |
| 12 kW | $3.98 | $33,422 | $38,446 | 11.6 years |
| 14 kW | $3.90 | $38,196 | $45,649 | 11.4 years |
| 16 kW | $3.82 | $42,744 | $53,080 | 11.2 years |
| 18 kW | $3.74 | $47,064 | $60,738 | 10.9 years |
| 20 kW | $3.65 | $51,156 | $68,624 | 10.7 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Somerset, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system’s energy production.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and energy needs. While there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of options before making your decision.
- Installation Process: Get details from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
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 Somerset, MA Solar Cost FAQs
What is the average cost of installing solar panels in Somerset?
This is a hard question to answer exactly, because the cost depends on many 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. It will cost more if you want extra 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 cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Somerset?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
How long do solar panels last in Somerset?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.