Best 5 Solar Companies in Fall River, MA

How To Choose the Best Solar Company in Fall River

The price and efficiency of solar panels often hinge on which company mounted them. Here are some essential aspects to consider while shopping for a solar company.

Licensing and Training

Massachusetts requires new solar PV systems in the Commonwealth to be installed by a licensed electrician and new solar water heaters to be installed by a construction supervisor. Check a company's website for private accreditations from the North American Board of Certified Energy Practitioners (NABCEP), among the solar industry's most trusted trade groups. Its program includes certifications for both solar photovoltaic and water heating installers.

Cost of Solar Panels in Fall River

Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power and generally have the highest quality. Polycrystalline panels produce less power, but start at a more budget-friendly price point. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

You can also add electric vehicle (EV) chargers and battery backup systems. These will increase your total installation cost, but they can improve your solar system's performance. Not every solar provider offers these add-ons, so look for a contractor that sells them if it's crucial for you.

If you're a resident of Fall River and are looking into a five-kilowatt solar energy system, you could plan to spend about $20,300 for materials and labor. See more information on specific component and solar panel costs in the table.

Financing Solar Energy in Fall River

There are many ways to pay for a new solar system, and the right one will reduce your expenses. A few of the most common options include leases, power purchase agreements (PPAs), loans, and cash payments. We advise making a cash payment or using a solar loan for the highest return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar panel incentives to reduce your total costs. Solar loans are another good option if you don’t want to make a big initial investment. You can pay for your system in installments while still enjoying energy bill savings and solar incentives. However, you’ll pay more in total due to accruing interest. Solar leases involve paying a set monthly rate to use rooftop panels. A PPA (Power Purchase Agreement) lets you pay a monthly rate based only on the energy you use, like an electric bill. We usually don’t recommend these two options because you won't own the panels and cannot use solar incentives. Ask each provider you're considering about the financing options it offers. A salesperson can help you determine the most suitable option for your financial situation.

The table below lists the average payback periods for different capacities of solar systems in Fall River.

You are eligible for a 26% federal solar tax credit for new solar power systems until the year 2032. Local and state governments and utility companies might also offer discounts, rebates, and unique financing solutions that could save you more.