Solar Panel Cost Guide in Belmont, MA (Feb 2023)
- Belmont Solar Installation Cost: $9,179
- 25-Year Savings: $19,753
- Payback Period: 7.9 Years
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Top Solar Installers in Belmont
Many homeowners choose to hire a solar installation company since trying to install solar panels by yourself can be hard. Companies can also offer access to a large variety of the best solar panels and help you choose which one will be right for you.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Belmont
Factors that Affect Solar Panel Costs in Belmont
For many Belmont homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Belmont, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand of solar panels and equipment you get is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You'll also need to think 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 falls within your budget.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are a popular route because they lower your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of financing options, including the amount of 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 original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Belmont is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there's no shortage of solar installers that provide a range of services at different costs. Additionally, some companies in Belmont are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. 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||$26,085||8.2 years|
|8 kW||$3.00||$16,793||$35,109||8.1 years|
|10 kW||$2.94||$20,580||$44,298||7.9 years|
|12 kW||$2.88||$24,202||$53,652||7.8 years|
|14 kW||$2.82||$27,660||$63,170||7.6 years|
|16 kW||$2.76||$30,952||$72,853||7.5 years|
|18 kW||$2.70||$34,080||$82,700||7.3 years|
|20 kW||$2.65||$37,044||$92,712||7.1 years|
How to Save on Solar Panels
The solar panel company you choose will influence 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 several important things you should take into account, including:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Contract: Before you sign a contract with a solar company, 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 what services you can expect from them.
- Warranty: Warranties that provide coverage for defective panels and repairs 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 indication of a quality company.
EcoWatch's Belmont, MA Solar Cost FAQs
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.