Solar Panel Cost Guide in Southbridge Town, MA (Jan 2023)

  • Southbridge Town Solar Installation Cost: $9,220
  • 25-Year Savings: $16,705
  • Payback Period: 8.9 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Southbridge Town

Find out what the average cost of a solar system is in Southbridge Town.

Although the national average of solar panels is $2.66 per watt, solar panels in Southbridge Town typically cost around $3. To cover the typical energy needs of the average home in Southbridge Town, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs about $9,220, or $6,823 after the federal solar tax credit of 30% is applied.

The true price you pay can go above or below the average in Southbridge Town based on a variety of factors, such as the kind of solar panels you choose and the solar installer you hire. But, once you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $22,000 over 20 years on utility bills.

For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Southbridge Town

Year Return on Investment
1 years $-8,183
3 years $-6,109
5 years $-4,035
7 years $-1,961
9 years $113
11 years $2,187
13 years $4,261
15 years $6,335
17 years $8,409
19 years $10,483
21 years $12,557
23 years $14,631
25 years $16,705

Top Solar Installers in Southbridge Town

Although it's possible to install solar panels yourself, it takes extra labor and knowledge. For that reason, most homeowners choose to hire a solar panel installer. Another perk of working with a solar installer is that they can help you make the most of your investment by lowering your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.

If you're searching for a solar company in Southbridge Town, we've put together a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Southbridge Town

Factors that Affect Solar Panel Costs in Southbridge Town

Even though the average cost of a solar system in Southbridge Town is $9,220, your actual cost may be higher or lower than that. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.

Solar Equipment

When it comes to estimating the cost of a solar panel system in Southbridge Town, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can determine by looking at past power bills. Your overall cost can increase by around $2,940 for each additional kilowatt you need. The brand and type of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 greater 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

Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Southbridge Town homeowners choose to finance their solar panel systems to make going solar more affordable. Even though solar loans make going solar more accessible for Southbridge Town homeowners, they can also add to 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 cut back on how much interest you have to pay.

Solar Panel Installation Company

The solar installer you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies operating throughout Southbridge Town, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.

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 $21,895 9.2 years
8 kW $3.00 $16,793 $29,523 9.1 years
10 kW $2.94 $20,580 $37,315 8.9 years
12 kW $2.88 $24,202 $45,272 8.7 years
14 kW $2.82 $27,660 $53,393 8.5 years
16 kW $2.76 $30,952 $61,680 8.4 years
18 kW $2.70 $34,080 $70,130 8.2 years
20 kW $2.65 $37,044 $78,746 8.0 years

How to Save on Solar Panels

The solar panel company you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should consider, such as:

  • Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
  • Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
  • Warranty: If you're concerned about the endurance of your solar system, making sure your company offers a 25-year, all-inclusive warranty can help put you at ease.
  • Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Southbridge Town, MA Solar Cost FAQs

How much does it cost to install solar panels in Southbridge Town?

This is a tough 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. It will cost 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 opt for a smaller solar panel system or less efficient solar panels.

Should I lease or buy solar panels in Southbridge Town?

Leasing solar panels can be an appealing choice, as it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.

How will having solar panels impact the value of my home?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Southbridge Town is currently $198,400, which means you can look forward to a value of about $8,134 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Southbridge Town is a worthwhile investment.

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 the average daily 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.

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