Solar Panel Cost Guide in Southampton, MA (2023 Update)
- Southampton Solar Installation Cost: $9,280
- 25-Year Savings: $13,457
- Payback Period: 10.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Southampton
We go over average solar pricing in Southampton.
Although the national average of solar panels is $2.66 per watt, solar panels in Southampton generally cost around 2.94. Using this figure, a typical 4.5-kW system would cost about $9,282 before the 30% federal solar tax credit is applied.
The true cost of your system can go above or below the average in Southampton based on a variety of factors, such as the type of solar panels you choose and the solar contractor you hire. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Southampton see about $19,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Southampton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Southampton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,204 |
| 3 years | $-9,053 |
| 5 years | $-8,901 |
| 7 years | $-8,750 |
| 9 years | $-8,598 |
| 11 years | $-8,446 |
| 13 years | $-8,295 |
| 15 years | $-8,143 |
| 17 years | $-7,992 |
| 19 years | $-7,840 |
| 21 years | $-7,689 |
| 23 years | $-7,537 |
| 25 years | $-7,385 |
Top Solar Installers in Southampton
Although you can install solar panels yourself, it takes extra time and know-how. For that reason, the majority of homeowners choose a solar panel installer. Another advantage of utilizing a solar company is that they can help you maximize your return of investment by cutting back on future costs of repairs and replacements due to warranties and helping you learn about local incentives you can take advantage of.
If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers near you:
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 Southampton
Factors that Affect Solar Panel Costs in Southampton
For many Southampton homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Southampton, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $2,940 per kilowatt in Southampton. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Southampton, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more affordable. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can impact the cost. Southampton's solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Southampton are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $17,411 | 10.6 years |
| 8 kW | $3.00 | $16,793 | $23,544 | 10.4 years |
| 10 kW | $2.94 | $20,580 | $29,841 | 10.2 years |
| 12 kW | $2.88 | $24,202 | $36,304 | 10.0 years |
| 14 kW | $2.82 | $27,660 | $42,931 | 9.8 years |
| 16 kW | $2.76 | $30,952 | $49,722 | 9.6 years |
| 18 kW | $2.70 | $34,080 | $56,678 | 9.4 years |
| 20 kW | $2.65 | $37,044 | $63,799 | 9.2 years |
How to Save on Solar Panels
The solar installer you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Solar Panel Brands: Each solar panel brand and model offers 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.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Southampton, MA Solar Cost FAQs
What is the average cost of installing solar panels in Southampton?
The average cost of solar panels in Southampton 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 like 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 Southampton?
Solar panels aren't free in Southampton, 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.
Is going solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to account for their typical energy usage.
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.