Solar Panel Cost Guide in Chicopee, MA (2024 Update)
- Chicopee Solar Installation Cost: $12,716
- 25-Year Savings: $12,743
- Payback Period: 14.5 Years
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Average Cost of Solar Panels in Chicopee
Let’s have a look at the average cost of solar in Chicopee.
Although the national average of solar panels is $2.66 per watt, solar panels in Chicopee typically cost about 4.The average Chicopee homeowner needs a 4.5-kilowatt system, which would cost about $12,716 with the federal tax credit, or $18,184 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy usage and what company you go with.Many homeowners find going solar is a sound investment. The average homeowner in Chicopee can save about $19,000 on their energy bills over 20 years.
To get a free quote from a highly rated solar company in Chicopee, you can click the button below.
Solar savings over time in Chicopee
| Year | Return on Investment |
|---|---|
| 1 years | $-11,815 |
| 3 years | $-10,014 |
| 5 years | $-8,213 |
| 7 years | $-6,412 |
| 9 years | $-4,611 |
| 11 years | $-2,810 |
| 13 years | $-1,009 |
| 15 years | $792 |
| 17 years | $2,593 |
| 19 years | $4,394 |
| 21 years | $6,195 |
| 23 years | $7,996 |
| 25 years | $9,797 |
Top Solar Installers in Chicopee
When going solar, many homeowners decide to go with a solar installer since overseeing your solar installation yourself can be a challenging project. Also, if you’d like to maximize your investment in solar energy, using a solar installer can help with that too. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives.
Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Chicopee
Factors that Affect Solar Panel Costs in Chicopee
For many Chicopee homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Chicopee, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Chicopee, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home’s energy consumption, which you can determine by looking at past energy bills. Your overall cost can increase by about $4,060 for each additional kilowatt you need.There are many different solar panel brands and the one you choose also affects the cost. Usually, the brands that offer higher efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far 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 time, but they can also be a significant investment. That’s why many Chicopee homeowners decide to finance their solar panel systems to make going solar more affordable.When estimating your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Chicopee, you’ll have a great number of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Chicopee have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could help you save 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 | $4.22 | $17,734 | $11,702 | 15.1 years |
| 8 kW | $4.14 | $23,191 | $16,058 | 14.8 years |
| 10 kW | $4.06 | $28,420 | $20,641 | 14.5 years |
| 12 kW | $3.98 | $33,422 | $25,451 | 14.2 years |
| 14 kW | $3.90 | $38,196 | $30,489 | 13.9 years |
| 16 kW | $3.82 | $42,744 | $35,754 | 13.6 years |
| 18 kW | $3.74 | $47,064 | $41,246 | 13.3 years |
| 20 kW | $3.65 | $51,156 | $46,966 | 13.0 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. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
- Contract: Read the contract terms closely to make sure you understand the total cost, project completion timeline incentives and warranties.
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years likely provide quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Chicopee, MA Solar Cost FAQs
What is the average cost of installing solar panels in Chicopee?
The average cost of solar panels in Chicopee is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Chicopee?
You can’t get solar panels for free in Chicopee. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $981.22 per year.
How long do solar panels last in Chicopee?
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 the amount of energy they produce will have decreased significantly after that point. You can replace them after having 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.