Solar Panel Cost Guide in Ayer, MA (2023 Update)
- Ayer Solar Installation Cost: $9,178
- 25-Year Savings: $15,277
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ayer
We break down average solar pricing in Ayer.
The average cost of a solar system in Ayer is 2.94 per watt. The average solar panel system size in Ayer is around 4.5 kilowatts, meaning a cost of about $9,179 for a solar installation, or $13,126 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar panels you choose, your solar contractor and more. Many homeowners find installing a solar system is a sound investment. The average homeowner in Ayer can save around $21,000 on their power bills over 20 years.
Click the button below to get connected to a top solar installer in your area for a custom estimate.
Solar savings over time in Ayer
| Year | Return on Investment |
|---|---|
| 1 years | $-9,096 |
| 3 years | $-8,933 |
| 5 years | $-8,770 |
| 7 years | $-8,607 |
| 9 years | $-8,444 |
| 11 years | $-8,281 |
| 13 years | $-8,118 |
| 15 years | $-7,955 |
| 17 years | $-7,792 |
| 19 years | $-7,629 |
| 21 years | $-7,466 |
| 23 years | $-7,303 |
| 25 years | $-7,140 |
Top Solar Installers in Ayer
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Going with an installer can make your swap to solar power much easier. Plus, if you're not certain what brand of solar panels and equipment you want, a solar company can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Ayer:
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 Ayer
Factors that Affect Solar Panel Costs in Ayer
For many Ayer homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Ayer, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,940. The model of solar panels and equipment you choose is another factor that will significantly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to make decisions about 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 utility bills over many years, but they can also be a significant investment. That's why many Ayer homeowners opt to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of clean energy solutions in Ayer, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Additionally, some companies in Ayer have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $20,061 | 9.8 years |
| 8 kW | $3.00 | $16,793 | $27,077 | 9.6 years |
| 10 kW | $2.94 | $20,580 | $34,258 | 9.4 years |
| 12 kW | $2.88 | $24,202 | $41,604 | 9.2 years |
| 14 kW | $2.82 | $27,660 | $49,114 | 9.0 years |
| 16 kW | $2.76 | $30,952 | $56,789 | 8.8 years |
| 18 kW | $2.70 | $34,080 | $64,628 | 8.6 years |
| 20 kW | $2.65 | $37,044 | $72,632 | 8.4 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which installer you should go with, since different companies have access to different panels.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and what the project timeline is.
- Contract: It's important to look over your solar installer's contract closely to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
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 Ayer, MA Solar Cost FAQs
What is the average cost of installing solar panels in Ayer?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 other solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Ayer is currently $327,611, so you can expect a value of about $13,432 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Ayer is a fruitful investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 buy between 20 and 35 panels to account for 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.