Solar Panel Cost Guide in Chicopee, MA (2023 Update)
- Chicopee Solar Installation Cost: $9,208
- 25-Year Savings: $12,743
- Payback Period: 10.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Chicopee
Find out what the average cost of solar panel installation is in Chicopee.
The average cost of solar panels in Chicopee is 2.94 per watt. Since a 4.5-kW system is needed to cover the energy consumption of a typical home in Chicopee, the average price of going solar will be about $9,199 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Chicopee homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $19,000 on energy bills over 20 years, many homeowners in Chicopee find investing in solar can pay off big.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Chicopee
| Year | Return on Investment |
|---|---|
| 1 years | $-8,307 |
| 3 years | $-6,506 |
| 5 years | $-4,705 |
| 7 years | $-2,904 |
| 9 years | $-1,103 |
| 11 years | $698 |
| 13 years | $2,499 |
| 15 years | $4,300 |
| 17 years | $6,101 |
| 19 years | $7,902 |
| 21 years | $9,703 |
| 23 years | $11,504 |
| 25 years | $13,305 |
Top Solar Installers in Chicopee
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your swap to solar power much easier. A solar installer can also help save you money in the long run by offering warranties, repairs and component replacements.
There are various licensed solar professionals that can install solar panels for you. 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
See all of the solar companies in Chicopee
Factors that Affect Solar Panel Costs in Chicopee
Although the average cost of a solar system in Chicopee is $9,199, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay about $2,940 per kilowatt in Chicopee. There are many different solar panel brands and the one you pick also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. Plus, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is out of reach, solar loans are a popular route because they lower your upfront costs and let you pay for your system over five to seven years on average. While solar loans make adopting solar energy more accessible for Chicopee homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Chicopee, you'll have many options to choose from, but each comes at different price points for labor and equipment. The size of the company can sometimes play the most significant role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $16,595 | 10.9 years |
| 8 kW | $3.00 | $16,793 | $22,455 | 10.7 years |
| 10 kW | $2.94 | $20,580 | $28,481 | 10.5 years |
| 12 kW | $2.88 | $24,202 | $34,671 | 10.3 years |
| 14 kW | $2.82 | $27,660 | $41,026 | 10.1 years |
| 16 kW | $2.76 | $30,952 | $47,545 | 9.9 years |
| 18 kW | $2.70 | $34,080 | $54,229 | 9.6 years |
| 20 kW | $2.65 | $37,044 | $61,078 | 9.4 years |
How to Save on Solar Panels
There are a large number of companies available in Chicopee, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- 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 need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Chicopee, MA Solar Cost FAQs
What is the average cost of installing solar panels in Chicopee?
This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally speaking, it costs about $14,700 for a 5-kW system and $29,400 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 above-average energy needs. On the other hand, you can spend less if you go with 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 crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Chicopee?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How long do solar panels last in Chicopee?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.