Solar Panel Cost Guide in Cochituate, MA (Sep 2022)

  • Cochituate Solar Installation Cost: $9,179
  • 25-Year Savings: $16,925
  • Payback Period: 8.8 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Cochituate

We go over average solar pricing in Cochituate.

In Cochituate, solar panels cost about $3 per watt on average. Since a 4.5-kW system is needed to cover the energy consumption of a typical home in Cochituate, the average price of going solar will be about $9,179 before claiming the federal solar tax credit of 30%.

Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more. With average savings of about $22,000 on utility bills over 20 years, many homeowners in Cochituate find investing in solar has a decent ROI.

Click the button below to get connected to a highly rated solar company in your area for a custom quote.

Solar savings over time in Cochituate

Year Return on Investment
1 years $-8,135
3 years $-6,046
5 years $-3,958
7 years $-1,870
9 years $218
11 years $2,307
13 years $4,395
15 years $6,483
17 years $8,572
19 years $10,660
21 years $12,748
23 years $14,836
25 years $16,925

Top Solar Installers in Cochituate

Many homeowners decide to use a solar installer since trying to install solar panels on your own can be a labor-intensive endeavor. Companies can also provide access to quality options of the best solar panels and help you choose which one will be right for your family.

Working with a licensed solar company can make going solar easier. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Cochituate

Factors that Affect Solar Panel Costs in Cochituate

Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few major factors that affect your total cost in Cochituate: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment Size

The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size. Solar power systems that have higher efficiency or power generation need 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 model of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment consists of more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.

Solar Financing Terms

Many homeowners find the average cost of solar in Cochituate to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. When trying to figure out your overall cost, you should also calculate the interest you'll pay if you decide on a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The final major cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Cochituate, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. The size of the company can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes 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 $22,279 9.1 years
8 kW $3.00 $16,793 $30,034 9.0 years
10 kW $2.94 $20,580 $37,955 8.8 years
12 kW $2.88 $24,202 $46,039 8.6 years
14 kW $2.82 $27,660 $54,289 8.4 years
16 kW $2.76 $30,952 $62,703 8.3 years
18 kW $2.70 $34,080 $71,282 8.1 years
20 kW $2.65 $37,044 $80,025 7.9 years

Solar Incentives in Cochituate

Name Solar Massachusetts Renewable Target (SMART) Program
Incentive Amount (Base compensation rate + compensation rate adders - greenfield subtractor) * total kWh generated - value of energy generated
Incentive Max The ceiling price for the competitive procurement to determine the base compensation rate was $0.17/kWh.
For systems 25 kW or less, the combination of a base compensation rate and adder may not exceed the base compensation rate for low-income projects less than or equal to 25 kW.
Website Visit here
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Solar Renewable Energy Certificates (SREC-II)
Incentive Amount Varies, depending on market supply and demand
Incentive Max 2017 compliance year: Alternative Compliance Payment Rate is $350 per MWh (~$0.35 per kWh)
Website Visit here
More Info Click here

Name Renewable Energy Property Tax Exemption
Incentive Amount 100% exemption for 20 years
Incentive Max Not specified
Website Visit here
More Info Click here

Name Residential Renewable Energy Income Tax Credit
Incentive Amount 15%
Incentive Max $1,000
More Info Click here

Name Mass Solar Loan Program
Website Visit here
More Info Click here

Name Local Option - Energy Revolving Loan Fund
More Info Click here

Name Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)
Incentive Amount 100% deduction
More Info Click here

Name Reading Municipal Light Department - Residential Renewable Energy Rebates
Incentive Amount MLP Solar Rebate Program: $1.20 per watt
Residential Renewable Energy Rebate Program: $1.00 per watt
Incentive Max MLP Solar Rebate Program: 50% of cost or $30,000, whichever is less
Residential Renewable Energy Rebate Program: $2,000
Website Visit here
More Info Click here

Name Renewable Energy Equipment Sales Tax Exemption
Incentive Amount 100% exemption
Incentive Max None
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a large number of companies available in Cochituate, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:

  • Reputation: Solar installers that have great reviews from their customers and that have been operating for many years most likely provide good-quality solar panel installation and expertise.
  • Warranty: A comprehensive, long-term warranty can help keep your solar system running for a long time and save you money on repairs and maintenance.
  • Contract: When reading through your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
  • Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which company you should go with, since different companies offer different panels.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Cochituate, MA Solar Cost FAQs

What is the average cost of installing solar panels in Cochituate?

This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 higher quality panels, or if you have above-average energy needs. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.

Is cost the most important consideration when buying solar panels?

Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

Does Cochituate have a net metering program?

The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.

What solar power system size is right for my home?

The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.

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.

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