Solar Panel Cost Guide in Wareham, MA (2023 Update)
- Wareham Solar Installation Cost: $8,520
- 25-Year Savings: $17,141
- Payback Period: 8.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wareham
Find out what the average cost of installing solar panels is in Wareham.
In Wareham, solar panels cost about 2.94 per watt on average. Using this figure, a typical 4.1-kW system would cost about $8,520 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy consumption, the type of solar panels you choose, your solar contractor and more. For many homeowners, the upfront cost of solar power is worth paying. On average Wareham homeowners see about $24,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a vetted solar installer in Wareham for a quote for your home.
Solar savings over time in Wareham
| Year | Return on Investment |
|---|---|
| 1 years | $-7,494 |
| 3 years | $-5,441 |
| 5 years | $-3,388 |
| 7 years | $-1,335 |
| 9 years | $718 |
| 11 years | $2,771 |
| 13 years | $4,824 |
| 15 years | $6,877 |
| 17 years | $8,930 |
| 19 years | $10,983 |
| 21 years | $13,036 |
| 23 years | $15,088 |
| 25 years | $17,141 |
Top Solar Installers in Wareham
Although you can install solar panels yourself, it requires extra energy and knowledge. For that reason, most homeowners choose a solar panel installer. The expertise that solar companies offer can be helpful as well, especially if you don't quite know what type of solar equipment you need.
There are various licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Wareham
Factors that Affect Solar Panel Costs in Wareham
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few key factors that determine your overall cost in Wareham: 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 electricity your household uses, the larger your system will likely need to be. You can expect to pay about $2,940 per kilowatt in Wareham. 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 in the long run on your electric bills. In addition, extra products, such as solar batteries, can bump up your total well above the Wareham average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Wareham, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also adds to your total costs, so it's important to take that into consideration as well. You can always bring down the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Wareham is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different price points. Additionally, some companies in Wareham know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $24,366 | 8.6 years |
| 8 kW | $3.00 | $16,793 | $32,817 | 8.5 years |
| 10 kW | $2.94 | $20,580 | $41,433 | 8.3 years |
| 12 kW | $2.88 | $24,202 | $50,214 | 8.1 years |
| 14 kW | $2.82 | $27,660 | $59,159 | 8.0 years |
| 16 kW | $2.76 | $30,952 | $68,269 | 7.8 years |
| 18 kW | $2.70 | $34,080 | $77,544 | 7.6 years |
| 20 kW | $2.65 | $37,044 | $86,983 | 7.5 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
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 Wareham, MA Solar Cost FAQs
What is the average cost of installing solar panels in Wareham?
The average cost of solar panels in Wareham is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Wareham?
Solar panels can be a beneficial investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already pretty low, solar panels might not be for you.
How often do you have to replace solar panels?
Although 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 replace them after having 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.