Solar Panel Cost Guide in Bolton, MA (2023 Update)
- Bolton Solar Installation Cost: $9,220
- 25-Year Savings: $13,690
- Payback Period: 10.1 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Bolton
Find out what the average cost of a solar system is in Bolton.
The average cost of a solar system in Bolton is 2.94 per watt. The average Bolton homeowner needs a 4.5-kilowatt system, which would cost about $9,220 with the federal tax credit, or $13,185 before the 30% tax credit is applied.
These figures are only estimates, and the cost of going solar for you will look different based on the amount of energy your home requires and what company you go with. Many homeowners find going solar is a solid investment. The average homeowner in Bolton can save about $19,000 on their power bills over 20 years.
To get a free estimate from a pre-vetted solar installer in Bolton, you can click the button below.
Solar savings over time in Bolton
| Year | Return on Investment |
|---|---|
| 1 years | $-8,303 |
| 3 years | $-6,471 |
| 5 years | $-4,638 |
| 7 years | $-2,805 |
| 9 years | $-972 |
| 11 years | $861 |
| 13 years | $2,693 |
| 15 years | $4,526 |
| 17 years | $6,359 |
| 19 years | $8,192 |
| 21 years | $10,025 |
| 23 years | $11,857 |
| 25 years | $13,690 |
Top Solar Installers in Bolton
Although you can install solar panels on your own, it takes extra effort and knowledge. That's why the majority of homeowners choose to hire a solar panel installer. A solar installer can also help save you money in the long run by offering warranties, repairs and part replacements.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some near you:
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 Bolton
Factors that Affect Solar Panel Costs in Bolton
There are several criteria that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels 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 spend around $2,940 per kilowatt in Bolton. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, add-on products, such as solar batteries, can bring your total well above the Bolton average.
Solar Financing Terms
Many homeowners find the average cost of solar in Bolton to be prohibitively steep, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time because of interest. However, the interest on solar loans also adds to your all-in costs, so it's crucial to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
Solar Panel Installation Company
Finally, the company you choose to install your solar panel system can play a role in determining the cost. Bolton's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle charger installation, they might be cheaper overall.
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 | $17,856 | 10.5 years |
| 8 kW | $3.00 | $16,793 | $24,137 | 10.3 years |
| 10 kW | $2.94 | $20,580 | $30,583 | 10.1 years |
| 12 kW | $2.88 | $24,202 | $37,194 | 9.9 years |
| 14 kW | $2.82 | $27,660 | $43,969 | 9.7 years |
| 16 kW | $2.76 | $30,952 | $50,909 | 9.5 years |
| 18 kW | $2.70 | $34,080 | $58,013 | 9.3 years |
| 20 kW | $2.65 | $37,044 | $65,282 | 9.1 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. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: When looking over your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
- 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 that kind of warranty is one sign 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
EcoWatch's Bolton, MA Solar Cost FAQs
What is the average cost of installing solar panels in Bolton?
The average cost of solar panels in Bolton is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on things like the type 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 Bolton?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The drawback 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can solar panels significantly reduce my electricity bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Bolton, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Bolton?
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 how much energy they produce will have decreased significantly after that point. You can replace them once you've had them for that long or you can keep using 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.