Solar Panel Cost Guide in Deerfield, MA (Mar 2023)
- Deerfield Solar Installation Cost: $9,323
- 25-Year Savings: $15,410
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Deerfield
We go over average solar pricing in Deerfield.
Although the national average of solar panels is $2.66 per watt, solar panels in Deerfield generally cost about 2.94. The average Deerfield homeowner needs a 4.5-kilowatt system, which would cost about $9,323 with the federal tax credit, or $13,332 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Deerfield homeowner. The cost of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With typical savings of about $21,000 on electricity bills over 20 years, many homeowners in Deerfield find investing in solar can pay off big.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Deerfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,333 |
| 3 years | $-6,355 |
| 5 years | $-4,376 |
| 7 years | $-2,397 |
| 9 years | $-419 |
| 11 years | $1,560 |
| 13 years | $3,538 |
| 15 years | $5,517 |
| 17 years | $7,496 |
| 19 years | $9,474 |
| 21 years | $11,453 |
| 23 years | $13,432 |
| 25 years | $15,410 |
Top Solar Installers in Deerfield
Installing solar panels on your own can be a dangerous project, which is why using a solar installation company is a good option for many homeowners. The expertise that solar companies offer can be useful as well, particularly if you don't quite know what type of solar equipment would be right for your home.
If you'd like to make the switch to solar but still aren't sure which solar panel company to go with, here are our suggestions 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 Technology
Tesla Energy
- 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 Deerfield
Factors that Affect Solar Panel Costs in Deerfield
Even though the average cost of a solar system in Deerfield is $9,323, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to pay around $2,940 per kilowatt in Deerfield. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Deerfield, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Deerfield homeowners choose to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The last major cost factor you should consider is the installer you choose. Given the growing popularity of renewable energy solutions in Deerfield, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Larger national companies usually have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $19,942 | 9.8 years |
| 8 kW | $3.00 | $16,793 | $26,919 | 9.6 years |
| 10 kW | $2.94 | $20,580 | $34,060 | 9.4 years |
| 12 kW | $2.88 | $24,202 | $41,366 | 9.2 years |
| 14 kW | $2.82 | $27,660 | $48,837 | 9.0 years |
| 16 kW | $2.76 | $30,952 | $56,472 | 8.9 years |
| 18 kW | $2.70 | $34,080 | $64,272 | 8.7 years |
| 20 kW | $2.65 | $37,044 | $72,236 | 8.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Installation Process: One of the most important things to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of options before making your decision.
- Contract: Even though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Warranty: If you care about the endurance of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Deerfield, MA Solar Cost FAQs
What is the average cost of installing solar panels in Deerfield?
The average cost of solar panels in Deerfield is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Deerfield?
You can't get solar panels for free in Deerfield. 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.
Can solar panels eliminate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,092.80 per year.
How long do solar panels last in Deerfield?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.