Solar Panel Cost Guide in Ashby, MA (2023 Update)
- Ashby Solar Installation Cost: $9,179
- 25-Year Savings: $20,247
- Payback Period: 7.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ashby
We break down average solar pricing in Ashby.
The average cost of a solar panel system in Ashby is 2.94 per watt. Because a 4.5-kW system is needed to cover the energy costs of a typical home in Ashby, the average price of going solar will be about $9,179 after claiming the federal solar tax credit of 30%.
These figures are only estimates, and how much solar costs for you will most likely vary based on factors unique to your home and what company you choose to go with. For many homeowners, the upfront investment in solar panels is worth paying. On average Ashby homeowners see about $25,000 in savings on energy bills over 20 years.
For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Ashby
| Year | Return on Investment |
|---|---|
| 1 years | $-8,002 |
| 3 years | $-5,648 |
| 5 years | $-3,294 |
| 7 years | $-940 |
| 9 years | $1,415 |
| 11 years | $3,769 |
| 13 years | $6,123 |
| 15 years | $8,477 |
| 17 years | $10,831 |
| 19 years | $13,185 |
| 21 years | $15,539 |
| 23 years | $17,893 |
| 25 years | $20,247 |
Top Solar Installers in Ashby
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a pain. Going with a solar company can make switching to solar power much easier. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
If you'd like to go solar but still aren't certain which solar installer to go with, here are our recommendations for providers in Ashby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Ashby
Factors that Affect Solar Panel Costs in Ashby
The cost of installing a solar system in Ashby can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,940 per kilowatt in Ashby. The model of solar panels and equipment you want is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Furthermore, 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 looking into a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Ashby homeowners choose to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's important to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can affect your pricing. Ashby's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger companies.
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 | $26,749 | 8.1 years |
| 8 kW | $3.00 | $16,793 | $35,994 | 8.0 years |
| 10 kW | $2.94 | $20,580 | $45,405 | 7.8 years |
| 12 kW | $2.88 | $24,202 | $54,979 | 7.6 years |
| 14 kW | $2.82 | $27,660 | $64,719 | 7.5 years |
| 16 kW | $2.76 | $30,952 | $74,623 | 7.3 years |
| 18 kW | $2.70 | $34,080 | $84,692 | 7.2 years |
| 20 kW | $2.65 | $37,044 | $94,925 | 7.0 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Ashby, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Look through the contract terms thoroughly to make sure you understand the total cost, project timeline rebates and warranties.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like EcoWatch.
- Solar Panel Brands: The type of solar panel you need plays a part in which company you should go with, since different companies provide different panels.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Ashby, MA Solar Cost FAQs
How much does it cost to install solar panels in Ashby?
The average cost of solar panels in Ashby 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 certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Ashby?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How will installing solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose 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.