Solar Panel Cost Guide in Agawam Town, MA (2023 Update)
- Agawam Town Solar Installation Cost: $9,199
- 25-Year Savings: $14,503
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Agawam Town
We go over average solar pricing in Agawam Town.
The national average cost of solar panels is $2.66 per watt, but in Agawam Town it's 2.94 per watt. To cover the typical energy usage of the average home in Agawam Town, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs about $9,199, or $13,155 before the federal solar tax credit of 30% is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Agawam Town homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Even with the high initial cost, the average Agawam Town homeowner can save about $20,000 on their electricity bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Agawam Town
| Year | Return on Investment |
|---|---|
| 1 years | $-8,251 |
| 3 years | $-6,355 |
| 5 years | $-4,459 |
| 7 years | $-2,562 |
| 9 years | $-666 |
| 11 years | $1,230 |
| 13 years | $3,126 |
| 15 years | $5,022 |
| 17 years | $6,919 |
| 19 years | $8,815 |
| 21 years | $10,711 |
| 23 years | $12,607 |
| 25 years | $14,503 |
Top Solar Installers in Agawam Town
Many homeowners opt for a solar panel company since figuring out how to install solar panels yourself can be a lot of work. Plus, if you're unsure what kind of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
If you'd like to start using solar energy but still aren't sure which solar panel installer to go with, here are our suggestions for providers nearby:
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 Agawam Town
Factors that Affect Solar Panel Costs in Agawam Town
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few major factors that determine your overall cost in Agawam Town: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. 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 brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in Agawam Town have solar loans, which reduce your upfront costs of installing solar panels. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating in Agawam Town, and each can charge different amounts for labor and equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions 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 | $18,944 | 10.1 years |
| 8 kW | $3.00 | $16,793 | $25,588 | 9.9 years |
| 10 kW | $2.94 | $20,580 | $32,396 | 9.7 years |
| 12 kW | $2.88 | $24,202 | $39,370 | 9.5 years |
| 14 kW | $2.82 | $27,660 | $46,508 | 9.3 years |
| 16 kW | $2.76 | $30,952 | $53,810 | 9.1 years |
| 18 kW | $2.70 | $34,080 | $61,277 | 8.9 years |
| 20 kW | $2.65 | $37,044 | $68,909 | 8.7 years |
How to Save on Solar Panels
The solar company you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, including:
- 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.
- Contract: Before you sign a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from previous customers.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
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 Agawam Town, MA Solar Cost FAQs
How much does it cost to install solar panels in Agawam Town?
This is a tough 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Can you get solar panels for free in Agawam Town?
Solar panels aren't free in Agawam Town, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can you sell solar power back to the grid in Agawam Town?
The majority of states have net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.