Solar Panel Cost Guide in Yarmouth Port, MA (2023 Update)
- Yarmouth Port 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 Yarmouth Port
Let's take a look at the average cost of solar in Yarmouth Port.
The average cost of a solar system in Yarmouth Port is 2.94 per watt. Because a 4.1-kW system is needed to cover the energy usage of a typical home in Yarmouth Port, the average price of going solar will be about $8,479 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you choose to go with. Many homeowners find going solar is a fruitful investment. The average homeowner in Yarmouth Port can save around $24,000 on their power bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Yarmouth Port
| 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 Yarmouth Port
Many homeowners decide to hire a solar panel installer since installing solar panels yourself can be time-consuming. The expertise that solar installers provide can be helpful as well, particularly if you don't quite know what brand of solar equipment would be right for your home.
If you're looking for a solar company in Yarmouth Port, we've organized a list of our top suggestions here:
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 Yarmouth Port
Factors that Affect Solar Panel Costs in Yarmouth Port
Though the average cost of a solar system in Yarmouth Port is $8,479, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,940. There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that are more efficient tend to also be more expensive. 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
If paying for solar panels out of pocket is too expensive, solar loans are an affordable choice because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Yarmouth Port, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials 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 | $25,148 | 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
Since the brand of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: Before you sign a contract with a solar company, be sure to look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of offerings before deciding.
- 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 install your solar system. Another way you can look into your installer's reputation is by reading reviews.
- 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 panel system is installed, such as updating or replacing your electrical system or roof.
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 Yarmouth Port, MA Solar Cost FAQs
How much does it cost to install solar panels in Yarmouth Port?
This is a difficult question to answer precisely, because the cost depends on a few different 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 additional solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Are solar panels free in Yarmouth Port?
You can't get solar panels for free in Yarmouth Port. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Does Yarmouth Port have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just offer you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and how much sunlight your roof gets. You can take a 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 get 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.