Solar Panel Cost Guide in Granby, MA (Mar 2023)
- Granby Solar Installation Cost: $9,282
- 25-Year Savings: $14,051
- Payback Period: 9.9 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Granby
Find out what the average cost of solar panel installation is in Granby.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Granby, the typical cost of solar panels is 2.94 per watt. The average solar panel system size in Granby is around 4.5 kilowatts, meaning a cost of about $9,282 for a solar installation, or $13,273 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of equipment you choose, your solar contractor and more. With average savings of about $20,000 on electricity bills over 20 years, many homeowners in Granby find going solar can pay off big.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Granby
| Year | Return on Investment |
|---|---|
| 1 years | $-8,348 |
| 3 years | $-6,482 |
| 5 years | $-4,615 |
| 7 years | $-2,748 |
| 9 years | $-882 |
| 11 years | $985 |
| 13 years | $2,852 |
| 15 years | $4,718 |
| 17 years | $6,585 |
| 19 years | $8,452 |
| 21 years | $10,318 |
| 23 years | $12,185 |
| 25 years | $14,051 |
Top Solar Installers in Granby
Although you can install solar panels on your own, it requires extra effort and handiness. For that reason, most homeowners choose a solar panel installer. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
There are a number of licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Granby
Factors that Affect Solar Panel Costs in Granby
The cost of installing a solar system in Granby can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay around $2,940 per kilowatt in Granby. The kind of solar panels and equipment you get is another factor that will largely impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
If paying for a solar system out of pocket is difficult, solar loans are an affordable option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. However, the interest on solar loans also increases your all-in costs, so it's vital to keep that in mind as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar panel companies in Granby, and each can charge different amounts for labor and equipment. Some companies only sell high-quality, high-efficiency and high-price products — 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 decide on the company that offers 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 | $3.06 | $12,842 | $18,204 | 10.3 years |
| 8 kW | $3.00 | $16,793 | $24,602 | 10.1 years |
| 10 kW | $2.94 | $20,580 | $31,164 | 9.9 years |
| 12 kW | $2.88 | $24,202 | $37,891 | 9.7 years |
| 14 kW | $2.82 | $27,660 | $44,782 | 9.5 years |
| 16 kW | $2.76 | $30,952 | $51,838 | 9.3 years |
| 18 kW | $2.70 | $34,080 | $59,058 | 9.1 years |
| 20 kW | $2.65 | $37,044 | $66,444 | 8.9 years |
How to Save on Solar Panels
The solar panel company you opt for will impact not only your total 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:
- Solar Panel Brands: The brand of solar panel you want to install plays a role in which company you should opt for, since different companies have access to different panels.
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
- Contract: When looking over your solar installer'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 component breaking or if the company goes out of business.
- Warranty: Each company may offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Granby, MA Solar Cost FAQs
What is the average cost of installing solar panels in Granby?
The average cost of solar panels in Granby 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 model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Granby?
Leasing solar panels can be an appealing choice, because it often comes with low or $0 upfront payments. The drawback 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Does Granby have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can take a 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 get 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.