Solar Panel Cost Guide in Wareham Center, MA (Mar 2023)
- Wareham Center Solar Installation Cost: $8,520
- 25-Year Savings: $17,583
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wareham Center
See how much it might cost to install solar panels in Wareham Center.
In Wareham Center, solar panels cost about 2.94 per watt on average. Because a 4.1-kW system is needed to cover the energy needs of a typical home in Wareham Center, the average price of going solar will be about $8,520 after claiming the federal solar tax credit of 30%.
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 want, your solar contractor and more. But, once you've paid the upfront cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $24,000 over 20 years on energy bills.
To get a free quote from a highly rated solar installer in Wareham Center, you can click the button below.
Solar savings over time in Wareham Center
| Year | Return on Investment |
|---|---|
| 1 years | $-7,476 |
| 3 years | $-5,388 |
| 5 years | $-3,299 |
| 7 years | $-1,211 |
| 9 years | $877 |
| 11 years | $2,965 |
| 13 years | $5,054 |
| 15 years | $7,142 |
| 17 years | $9,230 |
| 19 years | $11,318 |
| 21 years | $13,407 |
| 23 years | $15,495 |
| 25 years | $17,583 |
Top Solar Installers in Wareham Center
Many homeowners opt for a solar installation company since trying to put up solar panels by yourself can be time-consuming. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
Working with a professional solar installer can help your solar project go smoothly. Here are our recommendations:
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 Wareham Center
Factors that Affect Solar Panel Costs in Wareham Center
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Wareham Center: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. There are many different solar panel brands and the one you pick also changes the cost. In many cases, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Wareham Center have solar loans, which reduce your upfront costs of installing a solar system. When estimating your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Wareham Center, you'll have plenty of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Wareham Center have more knowledge 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 | $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 solar panel company you choose will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Solar Panel Brands: The brand of solar panel you want to get plays a part in which company you should choose, since different companies have different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for a long time and save you money on repairs and maintenance.
- Contract: Before you sign a contract with a solar installer, be sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
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 Wareham Center, MA Solar Cost FAQs
What is the average cost of installing 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 actual cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Wareham Center?
Leasing solar panels can be an attractive choice, as it often 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 way to go if you want to maximize your savings.
How will solar panels impact the value of my home?
Solar panels 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 could be looking at 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 fruitful investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is how much 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.