Solar Panel Cost Guide in South Yarmouth, MA (2023 Update)
- South Yarmouth Solar Installation Cost: $8,484
- 25-Year Savings: $17,619
- Payback Period: 8.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in South Yarmouth
Let's have a look at the average cost of solar in South Yarmouth.
Currently, the national average cost of solar panels is $2.66 per watt. However, in South Yarmouth, the average cost of a solar system is 2.94 per watt. The average South Yarmouth homeowner needs a 4.1-kilowatt system, which would cost about $8,479 with the federal tax credit, or $12,125 before the 30% tax credit is applied.
These figures are just averages, and how much solar costs for you will vary based on the amount of energy your home requires and what company you want to go with. For most homeowners, the upfront investment in solar panels is worth paying. On average homeowners in South Yarmouth see about $24,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in South Yarmouth for a customized quote.
Solar savings over time in South Yarmouth
| Year | Return on Investment |
|---|---|
| 1 years | $-6,883 |
| 3 years | $-3,680 |
| 5 years | $-478 |
| 7 years | $2,725 |
| 9 years | $5,927 |
| 11 years | $9,130 |
| 13 years | $12,333 |
| 15 years | $15,535 |
| 17 years | $18,738 |
| 19 years | $21,941 |
| 21 years | $25,143 |
| 23 years | $28,346 |
| 25 years | $31,548 |
Top Solar Installers in South Yarmouth
Many homeowners decide to hire a solar panel company since trying to put up solar panels on your own can be hard. The payback period on a solar system will vary based on factors like your roof configuration and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you apply for incentives available in your area.
You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some in South Yarmouth:
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 South Yarmouth
Factors that Affect Solar Panel Costs in South Yarmouth
Although the average cost of a solar system in South Yarmouth is $8,479, your actual cost may be higher or lower than that. There are several factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,940. There are many different solar panel brands and the one you pick also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to get can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are a solid route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. Although solar loans make adopting solar energy more accessible for South Yarmouth homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can influence your pricing. South Yarmouth's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in South Yarmouth 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 | $25,148 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,860 | 8.3 years |
| 10 kW | $2.94 | $20,580 | $42,737 | 8.1 years |
| 12 kW | $2.88 | $24,202 | $51,778 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,984 | 7.8 years |
| 16 kW | $2.76 | $30,952 | $70,355 | 7.6 years |
| 18 kW | $2.70 | $34,080 | $79,890 | 7.5 years |
| 20 kW | $2.65 | $37,044 | $89,590 | 7.3 years |
How to Save on Solar Panels
There are a large number of companies available in South Yarmouth, 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: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The kind of solar panel you want to install plays a role in which company you should choose, since different companies have different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. A couple of ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
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 South Yarmouth, MA Solar Cost FAQs
What is the average cost of installing solar panels in South Yarmouth?
The average cost of solar panels in South Yarmouth is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in South Yarmouth?
Solar panels aren't free in South Yarmouth, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Does South Yarmouth have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
How often do you have to replace solar panels?
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 the amount of energy they produce will have decreased significantly after that point. You can decide 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.