Solar Panel Cost Guide in Boxford, MA (2023 Update)
- Boxford Solar Installation Cost: $8,746
- 25-Year Savings: $15,586
- Payback Period: 9.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Boxford
Find out how much it might cost to go solar in Boxford.
The national average cost of solar panels is $2.66 per watt, but in Boxford it's 2.94 per watt. The average solar panel system size in Boxford is around 4.2 kilowatts, meaning a cost of about $8,746 for a solar installation, or $12,507 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The actual cost of going solar can vary based on multiple factors, such as how many panels you need, your energy usage and what company you go with. Even with the significant initial cost, the average Boxford homeowner can save around $22,000 on their power bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a pre-vetted solar installer in Boxford for a quote for your home.
Solar savings over time in Boxford
| Year | Return on Investment |
|---|---|
| 1 years | $-7,773 |
| 3 years | $-5,827 |
| 5 years | $-3,880 |
| 7 years | $-1,934 |
| 9 years | $13 |
| 11 years | $1,960 |
| 13 years | $3,906 |
| 15 years | $5,853 |
| 17 years | $7,799 |
| 19 years | $9,746 |
| 21 years | $11,692 |
| 23 years | $13,639 |
| 25 years | $15,586 |
Top Solar Installers in Boxford
When going solar, many homeowners choose to hire a solar company since putting up a solar system yourself can be a challenging project. Another upside of going with a solar company is that they can help you maximize your ROI by reducing your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some in Boxford:
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 Boxford
Factors that Affect Solar Panel Costs in Boxford
The cost of installing a solar system in Boxford can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,940. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Boxford homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Boxford is the company you hire to install your solar panel system. As with choosing a company to install new cabinets, for instance, there's no shortage of solar installers that provide a range of services at different price points. You may see national solar installers that have lower prices due to their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $3.06 | $12,842 | $21,521 | 9.3 years |
| 8 kW | $3.00 | $16,793 | $29,024 | 9.2 years |
| 10 kW | $2.94 | $20,580 | $36,692 | 9.0 years |
| 12 kW | $2.88 | $24,202 | $44,524 | 8.8 years |
| 14 kW | $2.82 | $27,660 | $52,521 | 8.6 years |
| 16 kW | $2.76 | $30,952 | $60,683 | 8.4 years |
| 18 kW | $2.70 | $34,080 | $69,009 | 8.3 years |
| 20 kW | $2.65 | $37,044 | $77,500 | 8.1 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose considerably influences your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When looking over your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios like a system component breaking or the company going out of business.
- Reputation: Companies that have been in business for many years likely have a good 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 service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the best you can get in the business, and offering that kind of warranty is one indication of a quality company.
- Solar Panel Brands: The type of solar panel you need to install plays a part in which company you should opt for, since different companies provide different panels.
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 Boxford, MA Solar Cost FAQs
How much does it cost to install solar panels in Boxford?
The average cost of solar panels in Boxford 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 stuff like the type of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is a crucial factor to consider, but whether it's the most important for you depends on why you decided to go solar. In areas where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,145.44 per year.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can opt to 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.