Solar Panel Cost Guide in Cohasset, MA (2023 Update)
- Cohasset Solar Installation Cost: $9,076
- 25-Year Savings: $16,121
- Payback Period: 9.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Cohasset
We go over average solar pricing in Cohasset.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Cohasset, the average cost of solar panels is 2.94 per watt. Using this figure, a typical 4.4-kW system would cost about $9,076 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar system you choose, your solar contractor and more. Many homeowners find installing solar panels is a solid investment. The average homeowner in Cohasset can save around $22,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar company in Cohasset for a quote for your home.
Solar savings over time in Cohasset
| Year | Return on Investment |
|---|---|
| 1 years | $-8,068 |
| 3 years | $-6,052 |
| 5 years | $-4,036 |
| 7 years | $-2,021 |
| 9 years | $-5 |
| 11 years | $2,011 |
| 13 years | $4,027 |
| 15 years | $6,042 |
| 17 years | $8,058 |
| 19 years | $10,074 |
| 21 years | $12,090 |
| 23 years | $14,105 |
| 25 years | $16,121 |
Top Solar Installers in Cohasset
When switching to solar energy, many homeowners prefer to use a solar installation company since overseeing your solar installation yourself can be a difficult project. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and system component replacements.
Working with a professional solar company can help you make the most of your investment in solar. 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
See all of the solar companies in Cohasset
Factors that Affect Solar Panel Costs in Cohasset
There are several criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
When it comes to estimating the price of a solar energy system in Cohasset, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can gauge by looking at past power bills. Your total cost can increase by about $2,940 for each additional kilowatt you need. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that have better 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 a solar system out of pocket is difficult, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over five to seven years on average. When estimating your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you select will influence your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Cohasset 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 walking you through the whole process. 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 | $3.06 | $12,842 | $21,450 | 9.4 years |
| 8 kW | $3.00 | $16,793 | $28,929 | 9.2 years |
| 10 kW | $2.94 | $20,580 | $36,573 | 9.0 years |
| 12 kW | $2.88 | $24,202 | $44,382 | 8.8 years |
| 14 kW | $2.82 | $27,660 | $52,355 | 8.6 years |
| 16 kW | $2.76 | $30,952 | $60,493 | 8.5 years |
| 18 kW | $2.70 | $34,080 | $68,796 | 8.3 years |
| 20 kW | $2.65 | $37,044 | $77,263 | 8.1 years |
How to Save on Solar Panels
The solar installer you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, including:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years in most cases provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The model of solar panel you need to install plays a role in which installer you should choose, since different companies provide different panels.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project timeline rebates and warranties.
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 Cohasset, MA Solar Cost FAQs
How much does it cost to install solar panels in Cohasset?
This is a tough question to answer precisely, because the cost depends on a variety of 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. It will be more expensive if you want other solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Cohasset?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How will having solar panels impact my home value?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Cohasset?
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 once you've had them for that long or you can continue to use 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.