Solar Panel Cost Guide in Everett, MA (2024 Update)
- Everett Solar Installation Cost: $12,674
- 25-Year Savings: $16,836
- Payback Period: 12.2 Years
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Average Cost of Solar Panels in Everett
See how much it might cost to switch to solar power in Everett.
Although the national average of solar panels is $2.66 per watt, solar panels in Everett generally cost about 4.Because a 4.5-kW system is needed to cover the energy usage of a typical home in Everett, the average price of going solar will be about $12,674 after claiming the federal solar tax credit of 0.
These figures are only averages, and the cost of going solar for you will look different based on your specific situation and what company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Everett can save around $22,000 on their power bills over 20 years.
To receive a free estimate from a highly rated solar installation company in Everett, you can click the button below.
Solar savings over time in Everett
| Year | Return on Investment |
|---|---|
| 1 years | $-10,950 |
| 3 years | $-7,503 |
| 5 years | $-4,057 |
| 7 years | $-610 |
| 9 years | $2,837 |
| 11 years | $6,284 |
| 13 years | $9,731 |
| 15 years | $13,178 |
| 17 years | $16,625 |
| 19 years | $20,072 |
| 21 years | $23,518 |
| 23 years | $26,965 |
| 25 years | $30,412 |
Top Solar Installers in Everett
Many homeowners decide to hire a solar panel company since trying to put up solar panels by yourself can be time-consuming. A solar installer can also help save you money over time by offering warranties, repairs and part replacements.
If you’d like to make the switch to solar but still aren’t certain which solar system company to go with, here are our recommendations for providers in Everett:
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 Everett
Factors that Affect Solar Panel Costs in Everett
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Everett: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
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 energy your household consumes, the larger your system will likely need to be. You can expect to pay around $4,060 per kilowatt in Everett.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your power bills. In addition, add-on products, like solar batteries, can bring your total well above the Everett average.
Solar Financing Terms
Many homeowners find the average cost of solar in Everett to be too costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Everett, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Some companies 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 come at a higher cost. It’s best to do some research and decide on the company that provides the products, warranties and services you’re looking for and also fits 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 | $4.22 | $17,734 | $17,266 | 12.7 years |
| 8 kW | $4.14 | $23,191 | $23,477 | 12.4 years |
| 10 kW | $4.06 | $28,420 | $29,914 | 12.2 years |
| 12 kW | $3.98 | $33,422 | $36,579 | 11.9 years |
| 14 kW | $3.90 | $38,196 | $43,471 | 11.7 years |
| 16 kW | $3.82 | $42,744 | $50,591 | 11.4 years |
| 18 kW | $3.74 | $47,064 | $57,938 | 11.2 years |
| 20 kW | $3.65 | $51,156 | $65,512 | 11.0 years |
How to Save on Solar Panels
The solar installer you choose will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Contract: Before signing a contract with a solar company, make sure to read it through fully so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- 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 will go and the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of offerings before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
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 Everett, MA Solar Cost FAQs
What is the average cost of installing solar panels in Everett?
The average cost of solar panels in Everett 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 model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Everett?
A solar panel system isn’t free in Everett, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase the value of your home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Everett is currently $571,532, which means you could be looking at a value of about $23,433 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Everett is a rewarding investment.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them once you've had them for that long or you can continue to use them at a lower efficiency.
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.