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Solar Panel Cost in New Bedford, Massachusetts
Local pricing, savings, and net metering data for New Bedford homeowners.
$1,460
Annual Savings
6.7 yrs
Payback Period
$9,747
Net Cost
$40,123
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in New Bedford
System Size
4.4 kW
Annual Production
5,252 kWh
Gross System Cost
$15,354
Federal Tax Credit (30%)
-$4,606
State Incentive
-$1,000
Net Cost
$9,747
Monthly Savings
$122
CO₂ Offset/yr
4,832 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityEversource MA
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.278/kWh
Peak Sun Hours4.1 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Massachusetts State Incentive — Massachusetts offers a 15% state tax credit up to $1,000 plus SMART program.
Common Questions
How much does solar cost in New Bedford?
Solar in New Bedford, Massachusetts costs approximately $15,354 for a 4.4 kW system. After the 30% federal tax credit, your net cost is about $9,747.
What is the solar payback period in New Bedford?
The estimated payback period for solar in New Bedford is 6.7 years, based on a $150/month electric bill and local sun hours of 4.1 hrs/day.
Does Eversource MA offer net metering?
Eversource MA offers Full Retail net metering. Full retail rate.