Solar Panel Cost Guide in Wareham Center, MA (2023 Update)
- Wareham Center Solar Installation Cost: $8,516
- 25-Year Savings: $17,587
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Wareham Center
Here's how much it might cost to install solar panels in Wareham Center.
The average cost of a solar panel system in Wareham Center is 2.94 per watt. To account for the typical energy needs of the average home in Wareham Center, most homeowners require a 4.1-kilowatt system. Using the figure above, a solar installation costs around $8,520, or $12,184 before the federal solar tax credit of 30% is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. With average savings of about $24,000 on energy bills over 20 years, many homeowners in Wareham Center find installing solar panels can be quite rewarding.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Wareham Center
| Year | Return on Investment |
|---|---|
| 1 years | $-8,429 |
| 3 years | $-8,255 |
| 5 years | $-8,081 |
| 7 years | $-7,907 |
| 9 years | $-7,733 |
| 11 years | $-7,559 |
| 13 years | $-7,385 |
| 15 years | $-7,211 |
| 17 years | $-7,037 |
| 19 years | $-6,863 |
| 21 years | $-6,689 |
| 23 years | $-6,515 |
| 25 years | $-6,341 |
Top Solar Installers in Wareham Center
Many homeowners opt for a solar installer since trying to put up solar panels yourself can be a labor-intensive endeavor. The expertise that solar companies provide can be helpful as well, especially if you don't quite know what kind of solar equipment you need.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some 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 Wareham Center
Factors that Affect Solar Panel Costs in Wareham Center
Cost is often one of the most important factors for homeowners wanting to invest in solar. There are a few major factors that will push your cost above or below the average in Wareham Center: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
When it comes to estimating the price of a solar system in Wareham Center, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by about $2,940 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Wareham Center, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be challenging. Solar loans are provided by most installers in Wareham Center, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Wareham Center is the company you hire to install your solar system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services for different budgets. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions 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 | $25,007 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,672 | 8.3 years |
| 10 kW | $2.94 | $20,580 | $42,501 | 8.2 years |
| 12 kW | $2.88 | $24,202 | $51,495 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,654 | 7.8 years |
| 16 kW | $2.76 | $30,952 | $69,977 | 7.7 years |
| 18 kW | $2.70 | $34,080 | $79,465 | 7.5 years |
| 20 kW | $2.65 | $37,044 | $89,118 | 7.3 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. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering that kind of warranty is one mark of a good company.
- Contract: When reading over your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. While there are many options for which type 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 ask for their list of offerings before making your decision.
- Reputation: Your solar installer should have a solid reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
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 Center, MA Solar Cost FAQs
How much does it cost to install solar panels in Wareham Center?
The average cost of solar panels in Wareham Center 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 things such as the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Wareham Center?
Leasing solar panels can be an attractive choice, as it typically comes with low or $0 upfront payments. The drawback 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 tax rebates and credits 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 my property value?
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 Wareham Center is currently $314,400, so you can look forward to a value of about $12,890 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Wareham Center is a worthwhile investment.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.