Solar Panel Cost Guide in Everett, MA (Mar 2023)
- Everett Solar Installation Cost: $9,179
- 25-Year Savings: $16,835
- Payback Period: 8.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Everett
We break down average solar pricing in Everett.
The national average cost of solar panels is $2.66 per watt, but in Everett it's 2.94 per watt. The average solar panel system size in Everett is around 4.5 kilowatts, meaning a cost of about $9,179 for a solar installation, or $13,126 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely vary based on your specific situation and what company you want to go with. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, with a net average savings of about $22,000 over 20 years on energy bills.
Click the button below to get connected to a reputable solar installer in Everett for a personalized estimate.
Solar savings over time in Everett
| Year | Return on Investment |
|---|---|
| 1 years | $-8,138 |
| 3 years | $-6,057 |
| 5 years | $-3,976 |
| 7 years | $-1,895 |
| 9 years | $186 |
| 11 years | $2,267 |
| 13 years | $4,348 |
| 15 years | $6,430 |
| 17 years | $8,511 |
| 19 years | $10,592 |
| 21 years | $12,673 |
| 23 years | $14,754 |
| 25 years | $16,835 |
Top Solar Installers in Everett
Many homeowners decide to hire a solar installation company since figuring out how to install solar panels by yourself can be a labor-intensive endeavor. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money over time.
Working with a professional solar installer can help your solar project go smoothly. 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
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 Everett
Factors that Affect Solar Panel Costs in Everett
The cost of installing a solar system in Everett can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Everett, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by about $2,940 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Everett, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of 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
Most solar installers in Everett offer solar loans, which reduce your upfront costs of installing solar panels. When considering your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Everett is the company you choose to install your solar panel system. As with choosing a company to build a deck or pool, for example, you'll have many options for solar installers that provide a range of services at different price points. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and go with the company that provides the products, warranties and services you want and also is within your budget.
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 | $22,159 | 9.2 years |
| 8 kW | $3.00 | $16,793 | $29,874 | 9.0 years |
| 10 kW | $2.94 | $20,580 | $37,754 | 8.8 years |
| 12 kW | $2.88 | $24,202 | $45,799 | 8.6 years |
| 14 kW | $2.82 | $27,660 | $54,008 | 8.5 years |
| 16 kW | $2.76 | $30,952 | $62,382 | 8.3 years |
| 18 kW | $2.70 | $34,080 | $70,921 | 8.1 years |
| 20 kW | $2.65 | $37,044 | $79,624 | 7.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Contract: When looking 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 such as a system part breaking or if the company goes out of business.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
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 Everett, MA Solar Cost FAQs
How much does it cost to install solar panels in Everett?
This is a tough question to answer exactly, because the cost depends on a few different 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Everett?
Leasing solar panels can be an option if you can't afford to pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your property 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 financial benefits from going solar.
How will installing solar panels impact my property value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Everett is currently $405,800, so you can expect a value of about $16,638 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Everett is a worthwhile investment.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 cover 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.