Solar Panel Cost Guide in Framingham, MA (Mar 2023)
- Framingham Solar Installation Cost: $9,179
- 25-Year Savings: $16,865
- Payback Period: 8.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Framingham
We break down average solar pricing in Framingham.
In Framingham, solar panels cost about 2.94 per watt on average. The average Framingham homeowner needs a 4.5-kilowatt system, which would cost about $9,179 with the federal tax credit, or $13,126 before the 30% tax credit is applied.
These figures are only averages, and your own solar costs will most likely vary based on the amount of energy your home requires and what company you go with. With typical savings of about $22,000 on power bills over 20 years, many homeowners in Framingham find going solar has a decent ROI.
You can click the button below to get connected with a pre-vetted solar installer in Framingham for a quote for your home.
Solar savings over time in Framingham
| Year | Return on Investment |
|---|---|
| 1 years | $-8,137 |
| 3 years | $-6,053 |
| 5 years | $-3,970 |
| 7 years | $-1,886 |
| 9 years | $197 |
| 11 years | $2,281 |
| 13 years | $4,364 |
| 15 years | $6,448 |
| 17 years | $8,531 |
| 19 years | $10,615 |
| 21 years | $12,698 |
| 23 years | $14,782 |
| 25 years | $16,865 |
Top Solar Installers in Framingham
When making the switch to solar, many homeowners prefer to hire a solar installation company since handling can be a difficult project. Companies can also offer access to a large variety of the best solar panels and help you decide which one will be best for your family.
Working with a licensed solar company 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 Framingham
Factors that Affect Solar Panel Costs in Framingham
For many Framingham homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Framingham, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Framingham, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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
Most solar companies in Framingham provide solar loans, which reduce your upfront costs of installing a solar system. When trying to figure out 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 reduce the total interest paid over time.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar panel companies in Framingham, and each can charge varying amounts for labor and equipment. Additionally, some companies in Framingham are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $22,199 | 9.2 years |
| 8 kW | $3.00 | $16,793 | $29,927 | 9.0 years |
| 10 kW | $2.94 | $20,580 | $37,821 | 8.8 years |
| 12 kW | $2.88 | $24,202 | $45,879 | 8.6 years |
| 14 kW | $2.82 | $27,660 | $54,102 | 8.5 years |
| 16 kW | $2.76 | $30,952 | $62,489 | 8.3 years |
| 18 kW | $2.70 | $34,080 | $71,041 | 8.1 years |
| 20 kW | $2.65 | $37,044 | $79,758 | 7.9 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: Before signing a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Warranty: If you care about the durability of your solar panels, ensuring your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
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 Framingham, MA Solar Cost FAQs
What is the average cost of installing solar panels in Framingham?
The average cost of solar panels in Framingham is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the actual cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Framingham?
Leasing solar panels can be an option if you can't 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 bang for your buck from going solar.
Can solar panels completely eradicate my electricity 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 $1,168.02 per year.
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 the average daily 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.