Solar Panel Cost Guide in Deerfield, MA (2023 Update)
- Deerfield Solar Installation Cost: $9,316
- 25-Year Savings: $15,418
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Deerfield
Find out what the average cost of solar panels are in Deerfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Deerfield, the average cost of solar panels is 2.94 per watt. The average solar panel system size in Deerfield is around 4.5 kilowatts, meaning a cost of about $9,323 for a solar installation, or $13,332 before the 30% federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on your energy needs and what company you choose to go with. Despite the high upfront cost, the average Deerfield homeowner can save about $21,000 on their energy bills over 20 years, which is one of the benefits of solar.
Click the button below to get connected to a top solar panel company in Deerfield for a custom estimate.
Solar savings over time in Deerfield
| Year | Return on Investment |
|---|---|
| 1 years | $-7,592 |
| 3 years | $-4,145 |
| 5 years | $-698 |
| 7 years | $2,749 |
| 9 years | $6,195 |
| 11 years | $9,642 |
| 13 years | $13,089 |
| 15 years | $16,536 |
| 17 years | $19,983 |
| 19 years | $23,430 |
| 21 years | $26,877 |
| 23 years | $30,323 |
| 25 years | $33,770 |
Top Solar Installers in Deerfield
DIY solar panel installation is a possibility, but it's an undertaking that can be a pain. Going with a solar panel installer can make swapping over to solar power much easier. The expertise that solar installers offer can be valuable as well, especially if you aren't sure what brand of solar equipment would be right for your home.
Working with a vetted 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 Deerfield
Factors that Affect Solar Panel Costs in Deerfield
The cost of installing a solar system in Deerfield can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater 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. There are several different solar panel brands and the one you pick also changes the cost. Generally speaking, the brands that are more efficient tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Deerfield provide solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also increases your overall costs, so it's important to include that in your estimate as well. You can always lower the total you pay in interest and possibly even your APR by making a larger down payment.
Solar Panel Installation Company
Finally, the company you choose to install your solar panels can impact how much it costs. Deerfield's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $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 system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Installation Process: Make sure you're aligned with the installer in regard to how the installation process will go and what needs to be done before your solar panels are installed, such as updating your electrical system or roof.
- Contract: Even though reading through a contract can be tedious, it's important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Solar Panel Brands: Different companies will carry various brands and models of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
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 Deerfield, MA Solar Cost FAQs
How much does it cost to install solar panels in Deerfield?
This is a hard question to answer exactly, 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. You can expect to pay more if you want extra solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a crucial 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 consider are the quality and durability of your solar panels.
Do solar panels increase your home value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don't go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.