Solar Panel Cost Guide in Weymouth Town, MA (2023 Update)
- Weymouth Town Solar Installation Cost: $9,076
- 25-Year Savings: $16,035
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Weymouth Town
Here's how much it might cost to go solar in Weymouth Town.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Weymouth Town, the typical cost of a solar system is 2.94 per watt. The average Weymouth Town homeowner needs a 4.4-kilowatt system, which would cost about $9,076 with the federal tax credit, or $12,979 before the 30% tax credit is applied.
These figures are just averages, and the cost of going solar for you will most likely look different based on factors unique to your home and what company you want to go with. Despite the high upfront cost, the average Weymouth Town homeowner can save about $22,000 on their power bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a reputable solar installer in your area for a custom estimate.
Solar savings over time in Weymouth Town
| Year | Return on Investment |
|---|---|
| 1 years | $-8,071 |
| 3 years | $-6,062 |
| 5 years | $-4,054 |
| 7 years | $-2,045 |
| 9 years | $-36 |
| 11 years | $1,973 |
| 13 years | $3,982 |
| 15 years | $5,991 |
| 17 years | $8,000 |
| 19 years | $10,009 |
| 21 years | $12,018 |
| 23 years | $14,027 |
| 25 years | $16,035 |
Top Solar Installers in Weymouth Town
Although you can install solar panels by yourself, it requires extra labor and handiness. That's one of the reasons most homeowners choose to go with a solar panel installer. Also, companies with an outstanding 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 system company to go with, here are our suggestions for providers in Weymouth Town:
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 Weymouth Town
Factors that Affect Solar Panel Costs in Weymouth Town
While the average cost of a solar system in Weymouth Town is $9,076, your final cost may differ. There are quite a few factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
When it comes to estimating the price of solar panels in Weymouth Town, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,940 for each additional kilowatt you need. The type of solar panels and equipment you want is another factor that will substantially affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment is more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your total costs, so it's crucial to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Weymouth Town is the company you choose to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that offer a range of services for different budgets. Additionally, some companies in Weymouth Town are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $21,333 | 9.4 years |
| 8 kW | $3.00 | $16,793 | $28,774 | 9.2 years |
| 10 kW | $2.94 | $20,580 | $36,379 | 9.0 years |
| 12 kW | $2.88 | $24,202 | $44,148 | 8.9 years |
| 14 kW | $2.82 | $27,660 | $52,083 | 8.7 years |
| 16 kW | $2.76 | $30,952 | $60,181 | 8.5 years |
| 18 kW | $2.70 | $34,080 | $68,445 | 8.3 years |
| 20 kW | $2.65 | $37,044 | $76,873 | 8.1 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:
- Contract: Before you sign a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: The brand of solar panel you'd like to install plays a part in which installer you should opt for, since different companies have access to different panels.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a quality company.
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 Weymouth Town, MA Solar Cost FAQs
How much does it cost to install solar panels in Weymouth Town?
This is a difficult question to answer exactly, because the cost depends on many 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to cover their typical energy usage.
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.