Solar Panel Cost Guide in Grafton, MA (2023 Update)
- Grafton Solar Installation Cost: $9,220
- 25-Year Savings: $15,629
- Payback Period: 9.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Grafton
We break down average solar pricing in Grafton.
In Grafton, solar panels cost about 2.94 per watt on average. Since a 4.5-kW system is needed to cover the energy consumption of a typical home in Grafton, the average price of going solar will be about $9,220 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar panel system. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy consumption and what company you go with. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Grafton can save about $21,000 on their power bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Grafton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Grafton
| Year | Return on Investment |
|---|---|
| 1 years | $-8,226 |
| 3 years | $-6,238 |
| 5 years | $-4,250 |
| 7 years | $-2,262 |
| 9 years | $-274 |
| 11 years | $1,714 |
| 13 years | $3,702 |
| 15 years | $5,689 |
| 17 years | $7,677 |
| 19 years | $9,665 |
| 21 years | $11,653 |
| 23 years | $13,641 |
| 25 years | $15,629 |
Top Solar Installers in Grafton
Trying to put up solar panels on your own can be a challenging task, which is why getting a solar installation company is a good option for many homeowners. Companies can also provide access to quality options of the best solar panels and help you pick which one will be best for your home.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some in Grafton:
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 Grafton
Factors that Affect Solar Panel Costs in Grafton
The cost of installing a solar system in Grafton can vary by more than $10,000 from home to home. Your actual cost depends on 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 price of solar panels in Grafton, one of the most crucial 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 usage, 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 brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Grafton, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited 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
Many homeowners find the average cost of solar in Grafton to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar system can affect the cost. Grafton's solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $20,454 | 9.6 years |
| 8 kW | $3.00 | $16,793 | $27,601 | 9.5 years |
| 10 kW | $2.94 | $20,580 | $34,912 | 9.3 years |
| 12 kW | $2.88 | $24,202 | $42,389 | 9.1 years |
| 14 kW | $2.82 | $27,660 | $50,030 | 8.9 years |
| 16 kW | $2.76 | $30,952 | $57,836 | 8.7 years |
| 18 kW | $2.70 | $34,080 | $65,806 | 8.5 years |
| 20 kW | $2.65 | $37,044 | $73,941 | 8.3 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you want a specific brand, make sure the solar installer you're considering has it.
- Contract: Before signing a contract with a solar installer, make sure to look it over 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 component breaks or malfunctions and what services you can expect from them.
- Installation Process: Make sure you're aligned with the company with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
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 Grafton, MA Solar Cost FAQs
What is the average cost of installing solar panels in Grafton?
The average cost of solar panels in Grafton 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 type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Grafton?
Leasing solar panels can be an appealing choice, as it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Can you sell solar power back to the grid in Grafton?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How long do solar panels last in Grafton?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can opt to replace them after having 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.