Solar Panel Cost Guide in Taunton, MA (2023 Update)
- Taunton Solar Installation Cost: $8,911
- 25-Year Savings: $16,065
- Payback Period: 8.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Taunton
Find out how much it might cost to go solar in Taunton.
The average cost of solar panels in Taunton is 2.94 per watt. The average Taunton homeowner needs a 4.3-kilowatt system, which would cost about $8,911 with the federal tax credit, or $12,743 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $22,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Taunton for a quote for your home.
Solar savings over time in Taunton
| Year | Return on Investment |
|---|---|
| 1 years | $-7,912 |
| 3 years | $-5,914 |
| 5 years | $-3,916 |
| 7 years | $-1,918 |
| 9 years | $80 |
| 11 years | $2,078 |
| 13 years | $4,076 |
| 15 years | $6,074 |
| 17 years | $8,072 |
| 19 years | $10,070 |
| 21 years | $12,068 |
| 23 years | $14,067 |
| 25 years | $16,065 |
Top Solar Installers in Taunton
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of a solar panel installer can make your switch to solar power much easier. A solar installer can also help save you money over time by providing warranties, repairs and component replacements.
If you're on the hunt for a solar company in Taunton, the EcoWatch team has put together a list of our top suggestions here:
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 Taunton
Factors that Affect Solar Panel Costs in Taunton
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Taunton: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend around $2,940 per kilowatt in Taunton. The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. Additionally, extra products, like solar batteries, can bump up your total well above the Taunton average.
Solar Financing Terms
Most solar installers in Taunton provide solar loans, which reduce the initial cost of installing a solar system. Even though solar loans make going solar more accessible for Taunton homeowners, they can also add to the total you pay for your system due to interest. 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 remaining key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Taunton, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Taunton 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 walking you through the whole process. 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 | $21,777 | 9.3 years |
| 8 kW | $3.00 | $16,793 | $29,365 | 9.1 years |
| 10 kW | $2.94 | $20,580 | $37,118 | 8.9 years |
| 12 kW | $2.88 | $24,202 | $45,036 | 8.7 years |
| 14 kW | $2.82 | $27,660 | $53,118 | 8.6 years |
| 16 kW | $2.76 | $30,952 | $61,365 | 8.4 years |
| 18 kW | $2.70 | $34,080 | $69,776 | 8.2 years |
| 20 kW | $2.65 | $37,044 | $78,352 | 8.0 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can check your installer's reputation is by reading reviews.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which kind of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
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 Taunton, MA Solar Cost FAQs
What is the average cost of installing solar panels in Taunton?
This is a difficult question to answer precisely, because the cost depends on a few different 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 extra solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Taunton?
Leasing solar panels can be an option if you can't pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
How much can I save on power bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you're located and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,153.96 per year.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 cover 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.