Solar Panel Cost Guide in Andover, MA (2025 Update)
- Andover Solar Installation Cost: $12,074
- 25-Year Savings: $16,849
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Andover
Find out how much it might cost to install solar panels in Andover.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Andover, the average cost of solar panels is 4 per watt.Because a 4.2-kW system is needed to cover the energy usage of a typical home in Andover, the average price of going solar will be about $12,074 after claiming the federal solar tax credit of 0.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.Many homeowners find installing a solar panel system is a rewarding investment. The average homeowner in Andover can save about $23,000 on their electricity bills over 20 years.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Andover
| Year | Return on Investment |
|---|---|
| 1 years | $-10,351 |
| 3 years | $-6,904 |
| 5 years | $-3,457 |
| 7 years | $-10 |
| 9 years | $3,437 |
| 11 years | $6,884 |
| 13 years | $10,331 |
| 15 years | $13,777 |
| 17 years | $17,224 |
| 19 years | $20,671 |
| 21 years | $24,118 |
| 23 years | $27,565 |
| 25 years | $31,012 |
Top Solar Installers in Andover
When going solar, many homeowners prefer to use a solar installation company since putting up solar panels yourself can be a challenging project. Some solar installers, especially local ones, can help you make the most of incentives in Andover, therefore optimizing your ROI.
If you're on the hunt for a solar installer in Andover, the EcoWatch team has put together a list of our top suggestions here:
See all of the solar companies in Andover
Factors that Affect Solar Panel Costs in Andover
The cost of installing a solar system in Andover can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Andover, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy usage, which you can determine by looking at past power bills. Your total cost can increase by around $4,060 for each additional kilowatt you need.The model of solar panels and equipment you choose is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Plus, solar equipment consists of more than just the solar panels themselves. You’ll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That’s why many Andover homeowners decide to finance their solar panel systems to make going solar more affordable.However, the interest on solar loans also adds to your total costs, so it’s vital to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of green energy solutions in Andover, you’ll have plenty of options to choose from, but each comes at different price points for labor and equipment.You may see national solar installers that have lower prices due to their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $18,409 | 12.3 years |
| 8 kW | $4.14 | $23,191 | $25,000 | 12.0 years |
| 10 kW | $4.06 | $28,420 | $31,818 | 11.8 years |
| 12 kW | $3.98 | $33,422 | $38,864 | 11.6 years |
| 14 kW | $3.90 | $38,196 | $46,137 | 11.3 years |
| 16 kW | $3.82 | $42,744 | $53,637 | 11.1 years |
| 18 kW | $3.74 | $47,064 | $61,365 | 10.9 years |
| 20 kW | $3.65 | $51,156 | $69,320 | 10.6 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Even though reading through a contract can be tedious, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and how long it will take.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely offer high-quality solar panel installation and expertise.
EcoWatch's Andover, MA Solar Cost FAQs
How much does it cost to install solar panels in Andover?
The average cost of solar panels in Andover is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Andover?
A solar panel system isn’t free in Andover, 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 can further reduce the cost.
Does Andover have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.