Solar Panel Cost Guide in Hadley, MA (2023 Update)
- Hadley Solar Installation Cost: $9,282
- 25-Year Savings: $14,606
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hadley
Find out what the average cost of installing solar panels is in Hadley.
The national average cost of solar panels is $2.66 per watt, but in Hadley it's 2.94 per watt. Since a 4.5-kW system is needed to cover the energy consumption of a typical home in Hadley, the average price of going solar will be about $9,282 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of how much solar panels could cost. The true cost of installing solar panels can vary depending on several factors, such as what size system you need, your energy consumption and what solar installer you go with. Even with the high initial cost, the average Hadley homeowner can save around $20,000 on their power bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Hadley
| Year | Return on Investment |
|---|---|
| 1 years | $-8,326 |
| 3 years | $-6,415 |
| 5 years | $-4,504 |
| 7 years | $-2,593 |
| 9 years | $-682 |
| 11 years | $1,229 |
| 13 years | $3,140 |
| 15 years | $5,051 |
| 17 years | $6,962 |
| 19 years | $8,873 |
| 21 years | $10,784 |
| 23 years | $12,695 |
| 25 years | $14,606 |
Top Solar Installers in Hadley
Putting up solar panels on your own can be a challenging task, which is why hiring a solar installer is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are several licensed solar professionals that can help you install your solar system. 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
See all of the solar companies in Hadley
Factors that Affect Solar Panel Costs in Hadley
Though the average cost of a solar system in Hadley is $9,282, your actual cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the main factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production require better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,940. There are many different solar panel brands and the one you choose also changes the cost. In many cases, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for solar panels in cash is difficult, solar loans are an affordable option because they decrease your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Although solar loans make going solar more accessible for Hadley homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you choose to handle your switch to clean energy can play a role in your total costs. There are about 3 solar installation companies in Hadley, and each can charge different amounts for labor and equipment. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $18,942 | 10.1 years |
| 8 kW | $3.00 | $16,793 | $25,585 | 9.9 years |
| 10 kW | $2.94 | $20,580 | $32,393 | 9.7 years |
| 12 kW | $2.88 | $24,202 | $39,366 | 9.5 years |
| 14 kW | $2.82 | $27,660 | $46,503 | 9.3 years |
| 16 kW | $2.76 | $30,952 | $53,805 | 9.1 years |
| 18 kW | $2.70 | $34,080 | $61,272 | 8.9 years |
| 20 kW | $2.65 | $37,044 | $68,903 | 8.7 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking how long it's been in business and reading reviews by previous customers and solar experts like EcoWatch.
- Warranty: Warranties that provide coverage for defective panels and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Although there are many options for which type 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.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
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 Hadley, MA Solar Cost FAQs
What is the average cost of installing solar panels in Hadley?
The average cost of solar panels in Hadley 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 things like the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to take into account are the quality and durability of your solar panels.
Do solar panels increase your property value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How often do you have to replace solar panels?
Although 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 the amount of energy they produce 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.