Solar Panel Cost Guide in Tisbury, MA (2023 Update)
- Tisbury Solar Installation Cost: $8,397
- 25-Year Savings: $17,707
- Payback Period: 8.0 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Tisbury
Find out what the average cost of solar panel installation is in Tisbury.
In Tisbury, solar panels cost about 2.94 per watt on average. The average solar panel system size in Tisbury is around 4.1 kilowatts, meaning a cost of about $8,397 for a solar installation, or $12,008 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of equipment you want, your solar contractor and more. With typical savings of about $24,000 on energy bills over 20 years, many homeowners in Tisbury find going solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Tisbury that can help you get a more accurate cost estimate for your home.
Solar savings over time in Tisbury
| Year | Return on Investment |
|---|---|
| 1 years | $-7,353 |
| 3 years | $-5,264 |
| 5 years | $-3,176 |
| 7 years | $-1,088 |
| 9 years | $1,001 |
| 11 years | $3,089 |
| 13 years | $5,177 |
| 15 years | $7,265 |
| 17 years | $9,354 |
| 19 years | $11,442 |
| 21 years | $13,530 |
| 23 years | $15,618 |
| 25 years | $17,707 |
Top Solar Installers in Tisbury
Although it's possible to install solar panels yourself, it takes extra energy and handiness. That's why almost all homeowners choose a solar panel installer. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be best for you.
If you'd like to go solar but still aren't certain which solar installer to go with, here are our recommendations for providers in Tisbury:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Tisbury
Factors that Affect Solar Panel Costs in Tisbury
Even though the average cost of a solar system in Tisbury is $8,397, 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 system installation. Below are some of the more crucial 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 greater efficiency or power generation require 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. 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 come at a higher price 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 more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are a popular route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. Though solar loans make adopting solar energy more accessible for Tisbury 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 panel installation company you pick will influence your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $25,571 | 8.4 years |
| 8 kW | $3.00 | $16,793 | $34,424 | 8.2 years |
| 10 kW | $2.94 | $20,580 | $43,442 | 8.0 years |
| 12 kW | $2.88 | $24,202 | $52,625 | 7.9 years |
| 14 kW | $2.82 | $27,660 | $61,972 | 7.7 years |
| 16 kW | $2.76 | $30,952 | $71,483 | 7.6 years |
| 18 kW | $2.70 | $34,080 | $81,160 | 7.4 years |
| 20 kW | $2.65 | $37,044 | $91,000 | 7.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will have various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
- Contract: When looking through your solar installer's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios such as a system part breaking or if the company goes out of business.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Tisbury, MA Solar Cost FAQs
How much does it cost to install solar panels in Tisbury?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally 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 be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to think about when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Is it worth going solar in Tisbury?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.