Solar Panel Cost Guide in Canton, MA (2024 Update)
- Canton Solar Installation Cost: $12,529
- 25-Year Savings: $16,557
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Canton
Let’s have a look at the average cost of solar panels in Canton.
The average cost of a solar panel system in Canton is 4 per watt.Because a 4.4-kW system is needed to cover the energy needs of a typical home in Canton, the average price of going solar will be about $12,529 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of making the switch to solar can vary quite a bit based on several factors, such as what size system you need, your energy usage and what solar installer you go with.But, once you've paid the upfront cost of installation, the payback for most homeowners is usually rewarding, with a net average savings of about $22,000 over 20 years on utility bills.
To receive a free estimate from a pre-vetted solar installation company in Canton, you can click the button below.
Solar savings over time in Canton
| Year | Return on Investment |
|---|---|
| 1 years | $-10,806 |
| 3 years | $-7,359 |
| 5 years | $-3,912 |
| 7 years | $-465 |
| 9 years | $2,982 |
| 11 years | $6,428 |
| 13 years | $9,875 |
| 15 years | $13,322 |
| 17 years | $16,769 |
| 19 years | $20,216 |
| 21 years | $23,663 |
| 23 years | $27,110 |
| 25 years | $30,557 |
Top Solar Installers in Canton
Although it's possible to install solar panels by yourself, it requires extra labor and knowledge. Because of that, almost all homeowners choose to go with a solar panel installer. Plus, if you’re unsure what kind of solar panels and equipment you may need, a solar company can help you figure that out after a site survey and consultation.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Canton
Factors that Affect Solar Panel Costs in Canton
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that affect your total cost in Canton: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your typical energy use.There are a lot of different solar panel brands and the one you pick also affects the cost. Typically, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
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 Canton homeowners opt to finance their solar panel systems to make paying for solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Canton is the company you choose to install your PV system. As with choosing a company to install new cabinets, for instance, you’ll have no shortage of solar installers that provide a range of services for different budgets.Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that offers the products, warranties and services you want and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $17,147 | 12.7 years |
| 8 kW | $4.14 | $23,191 | $23,317 | 12.5 years |
| 10 kW | $4.06 | $28,420 | $29,715 | 12.2 years |
| 12 kW | $3.98 | $33,422 | $36,340 | 12.0 years |
| 14 kW | $3.90 | $38,196 | $43,193 | 11.7 years |
| 16 kW | $3.82 | $42,744 | $50,273 | 11.5 years |
| 18 kW | $3.74 | $47,064 | $57,580 | 11.2 years |
| 20 kW | $3.65 | $51,156 | $65,115 | 11.0 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Look through the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
- Installation Process: Make sure you’re on the same page with the installer regarding how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Canton, MA Solar Cost FAQs
What is the average cost of installing solar panels in Canton?
This is a difficult question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Canton is currently $726,420, so you could be looking at a value of about $29,783 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Canton is a worthwhile investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.