Solar Panel Cost Guide in West Yarmouth, MA (2023 Update)
- West Yarmouth Solar Installation Cost: $8,479
- 25-Year Savings: $17,624
- Payback Period: 8.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in West Yarmouth
We break down average solar pricing in West Yarmouth.
Currently, the national average cost of solar panels is $2.66 per watt. However, in West Yarmouth, the average cost of a solar system is 2.94 per watt. The average West Yarmouth homeowner needs a 4.1-kilowatt system, which would cost about $8,479 with the federal tax credit, or $12,125 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of West Yarmouth homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. Despite the large upfront cost, the average West Yarmouth homeowner can save around $24,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in West Yarmouth
| Year | Return on Investment |
|---|---|
| 1 years | $-7,435 |
| 3 years | $-5,347 |
| 5 years | $-3,258 |
| 7 years | $-1,170 |
| 9 years | $918 |
| 11 years | $3,006 |
| 13 years | $5,095 |
| 15 years | $7,183 |
| 17 years | $9,271 |
| 19 years | $11,360 |
| 21 years | $13,448 |
| 23 years | $15,536 |
| 25 years | $17,624 |
Top Solar Installers in West Yarmouth
Many homeowners choose to hire a solar panel installer since trying to put up solar panels by yourself can be time-consuming. Also, companies with a good reputation that cost more upfront could actually save you money in the long run due to their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar company to go with, here are our recommendations for providers nearby:
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 West Yarmouth
Factors that Affect Solar Panel Costs in West Yarmouth
Cost is usually one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in West Yarmouth: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production need better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,940. The type of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in West Yarmouth offer solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also adds to your overall costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in West Yarmouth is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for example, you'll have many options for solar installers that offer a range of services for different budgets. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also is within your budget.
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 | $25,148 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,860 | 8.3 years |
| 10 kW | $2.94 | $20,580 | $42,737 | 8.1 years |
| 12 kW | $2.88 | $24,202 | $51,778 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,984 | 7.8 years |
| 16 kW | $2.76 | $30,952 | $70,355 | 7.6 years |
| 18 kW | $2.70 | $34,080 | $79,890 | 7.5 years |
| 20 kW | $2.65 | $37,044 | $89,590 | 7.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, 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:
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Installation Process: Homeowners should make sure they know how exactly the installation process will be carried out, as well as important factors like the project timeline.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
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 West Yarmouth, MA Solar Cost FAQs
How much does it cost to install solar panels in West Yarmouth?
The average cost of solar panels in West Yarmouth 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 stuff such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in West Yarmouth?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property 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.
Can you sell solar power back to the grid in West Yarmouth?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
How often do you have to replace solar panels?
On average, solar panels can last 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 amount 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.