Solar Panel Cost Guide in Concord, MA (2024 Update)
- Concord Solar Installation Cost: $12,674
- 25-Year Savings: $27,359
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Concord
We go over average solar pricing in Concord.
The national average cost of solar panels is $2.66 per watt, but in Concord it’s 4 per watt.To account for the typical energy needs of the average home in Concord, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,674, or $18,124 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average Concord homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Even with the high upfront cost, the average Concord homeowner can save around $22,000 on their electricity bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Concord
| Year | Return on Investment |
|---|---|
| 1 years | $-11,072 |
| 3 years | $-7,870 |
| 5 years | $-4,667 |
| 7 years | $-1,465 |
| 9 years | $1,738 |
| 11 years | $4,941 |
| 13 years | $8,143 |
| 15 years | $11,346 |
| 17 years | $14,549 |
| 19 years | $17,751 |
| 21 years | $20,954 |
| 23 years | $24,156 |
| 25 years | $27,359 |
Top Solar Installers in Concord
Trying to install solar panels by yourself can be a challenging undertaking, which is why using a solar installation company is a good option for many homeowners. Because solar panels are exposed to the elements every day, warranties and repairs from your solar company can help you get the most out of your investment in solar panels by avoiding potential costs down the line.
If you’d like to make the switch to solar but still aren’t sure which solar company to go with, here are our recommendations for providers near you:
Best National Provider
SunPower
- 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
- 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
See all of the solar companies in Concord
Factors that Affect Solar Panel Costs in Concord
Though the average cost of a solar system in Concord is $12,674, your actual cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $4,060. The type of solar panels and equipment you want is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment goes beyond just the solar panels themselves. You’ll also need to decide on 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 falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Concord homeowners decide to finance their solar panel systems to offset upfront costs.However, the interest on solar loans also increases your overall costs, so it’s vital to include that in your estimate as well. You can always bring down the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Concord is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, you’ll have many options for solar installers that offer a range of services for different budgets.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $17,313 | 12.7 years |
| 8 kW | $4.14 | $23,191 | $23,538 | 12.4 years |
| 10 kW | $4.06 | $28,420 | $29,991 | 12.2 years |
| 12 kW | $3.98 | $33,422 | $36,671 | 11.9 years |
| 14 kW | $3.90 | $38,196 | $43,579 | 11.7 years |
| 16 kW | $3.82 | $42,744 | $50,714 | 11.4 years |
| 18 kW | $3.74 | $47,064 | $58,076 | 11.2 years |
| 20 kW | $3.65 | $51,156 | $65,666 | 10.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the company you choose significantly influences your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When reading over your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Each solar panel brand and type has 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.
- Installation Process: When going solar, it’s important to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the project timeline.
- Reputation: Make sure your solar installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
Best National Provider
SunPower
- 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
- 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
EcoWatch's Concord, MA Solar Cost FAQs
How much does it cost to install solar panels in Concord?
This is a tough question to answer exactly, because the cost depends on a few different 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. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. 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 why you decided to go solar. In areas 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 Concord?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Concord?
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 larger level 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.