Solar Panel Cost Guide in Abington, MA (2023 Update)
- Abington Solar Installation Cost: $8,520
- 25-Year Savings: $16,968
- Payback Period: 8.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Abington
Find out what the average cost of solar panels are in Abington.
In Abington, solar panels cost about 2.94 per watt on average. The average solar panel system size in Abington is around 4.1 kilowatts, meaning a cost of about $8,520 for a solar installation, or $12,184 before the 30% federal solar tax credit is applied.
These figures are just estimates, and your own solar costs will vary based on your energy needs and what company you want to go with. But, after you've paid the initial cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $23,000 over 20 years on power bills.
To receive a free quote from a vetted solar installer in Abington, you can click the button below.
Solar savings over time in Abington
| Year | Return on Investment |
|---|---|
| 1 years | $-7,501 |
| 3 years | $-5,462 |
| 5 years | $-3,423 |
| 7 years | $-1,383 |
| 9 years | $656 |
| 11 years | $2,695 |
| 13 years | $4,734 |
| 15 years | $6,773 |
| 17 years | $8,812 |
| 19 years | $10,851 |
| 21 years | $12,890 |
| 23 years | $14,929 |
| 25 years | $16,968 |
Top Solar Installers in Abington
Trying to put up solar panels on your own can be a challenging undertaking, which is why getting a solar installer is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
Working with a professional solar company can make going solar easier. Here are our recommendations:
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 Abington
Factors that Affect Solar Panel Costs in Abington
For many Abington homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Abington, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. That's why it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. In addition, extra products, like solar batteries, can bring your total well above the Abington average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Abington, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. It's a good idea to factor 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 final key cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Abington, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $24,115 | 8.7 years |
| 8 kW | $3.00 | $16,793 | $32,482 | 8.5 years |
| 10 kW | $2.94 | $20,580 | $41,014 | 8.4 years |
| 12 kW | $2.88 | $24,202 | $49,711 | 8.2 years |
| 14 kW | $2.82 | $27,660 | $58,572 | 8.0 years |
| 16 kW | $2.76 | $30,952 | $67,599 | 7.9 years |
| 18 kW | $2.70 | $34,080 | $76,789 | 7.7 years |
| 20 kW | $2.65 | $37,044 | $86,145 | 7.5 years |
How to Save on Solar Panels
There are many companies to choose from in Abington, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality 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 Abington, MA Solar Cost FAQs
What is the average cost of installing solar panels in Abington?
The average cost of solar panels in Abington is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Abington?
Solar panels aren't free in Abington, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels significantly reduce my power bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,231.89 per year.
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 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 install 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.