Solar Panel Cost Guide in Dedham, MA (2024 Update)
- Dedham Solar Installation Cost: $12,529
- 25-Year Savings: $17,030
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Dedham
We go over average solar pricing in Dedham.
In Dedham, solar panels cost about 4 per watt on average.The average solar panel system size in Dedham is around 4.4 kilowatts, meaning a cost of about $12,529 for a solar installation, or $17,916 before the 0 federal solar tax credit is applied.
These figures are only averages, and your own solar costs may differ based on your energy needs and what company you choose to go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $22,000 over 20 years on power bills.
You can click the button below to get connected with a top solar company in Dedham that can help you get a more accurate cost estimate for your home.
Solar savings over time in Dedham
Year | Return on Investment |
---|---|
1 years | $-10,928 |
3 years | $-7,725 |
5 years | $-4,523 |
7 years | $-1,320 |
9 years | $1,882 |
11 years | $5,085 |
13 years | $8,288 |
15 years | $11,490 |
17 years | $14,693 |
19 years | $17,896 |
21 years | $21,098 |
23 years | $24,301 |
25 years | $27,503 |
Top Solar Installers in Dedham
Installing solar panels yourself can be a difficult undertaking, which is why getting a solar installer is a good option for many homeowners. Another perk of utilizing a solar installer is that they can help you optimize your investment by bringing down your future costs of repairs and replacements due to warranties and informing you of local incentives you can take advantage of.
If you’d like to make the switch to solar but still aren’t sure which solar system company to go with, here are our recommendations for providers nearby:
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 Dedham
Factors that Affect Solar Panel Costs in Dedham
There are a number of 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 installs your solar system.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems that have better efficiency or power production use 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 $4,060.Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Dedham, where sunlight is relatively abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a popular route because they reduce your upfront costs and let you pay for your system over five to seven years on average.When figuring out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Dedham is the company you get to install your solar system. As with choosing a company to build a deck or pool, for example, you’ll have no shortage of solar installers that offer a range of services for different budgets.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 of access to greater 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 down 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 | $4.22 | $17,734 | $17,791 | 12.5 years |
8 kW | $4.14 | $23,191 | $24,176 | 12.2 years |
10 kW | $4.06 | $28,420 | $30,789 | 12.0 years |
12 kW | $3.98 | $33,422 | $37,629 | 11.8 years |
14 kW | $3.90 | $38,196 | $44,696 | 11.5 years |
16 kW | $3.82 | $42,744 | $51,990 | 11.3 years |
18 kW | $3.74 | $47,064 | $59,512 | 11.0 years |
20 kW | $3.65 | $51,156 | $67,262 | 10.8 years |
How to Save on Solar Panels
There are a large number of companies available in Dedham, 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:
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer’s reputation is by reading reviews.
- Installation Process: Make sure you’re aligned with the company regarding how the installation process will go and what needs to be done before your solar panel system is installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy 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.
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 Dedham, MA Solar Cost FAQs
How much does it cost to install solar panels in Dedham?
The average cost of solar panels in Dedham is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
Cost is a key factor to consider, but whether it’s the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Can solar panels completely eradicate my power bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners in Dedham, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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 install 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.