Solar Panel Cost Guide in Hanson, MA (2023 Update)
- Hanson Solar Installation Cost: $8,520
- 25-Year Savings: $17,404
- Payback Period: 8.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Hanson
We go over average solar pricing in Hanson.
The national average cost of solar panels is $2.66 per watt, but in Hanson it's 2.94 per watt. To account for the typical energy usage of the average home in Hanson, most homeowners require a 4.1-kilowatt system. Using the per-watt figure above, a solar installation costs around $8,520, or $12,184 before the federal solar tax credit of 30% is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy needs, the type of solar panels you want, your solar contractor and more. Many homeowners find adopting solar power is a fruitful investment. The average homeowner in Hanson can save about $24,000 on their energy bills over 20 years.
To receive a free quote from a pre-vetted solar installer in Hanson, you can click the button below.
Solar savings over time in Hanson
| Year | Return on Investment |
|---|---|
| 1 years | $-7,483 |
| 3 years | $-5,409 |
| 5 years | $-3,335 |
| 7 years | $-1,261 |
| 9 years | $813 |
| 11 years | $2,887 |
| 13 years | $4,961 |
| 15 years | $7,035 |
| 17 years | $9,109 |
| 19 years | $11,182 |
| 21 years | $13,256 |
| 23 years | $15,330 |
| 25 years | $17,404 |
Top Solar Installers in Hanson
Although you can install solar panels by yourself, it involves extra time and handiness. Because of that, most people choose to go with a solar panel installer. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term because of their warranties, repair services and expert design.
If you're on the hunt for a solar installer in Hanson, the EcoWatch team has compiled a list of our top suggestions here:
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 Hanson
Factors that Affect Solar Panel Costs in Hanson
The cost of installing a solar system in Hanson can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power production use 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. The type of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment goes beyond just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when researching a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Hanson to be too expensive, even if the investment pays off over time. Fortunately, nearly every solar installer in the area offers financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panel system can play a part in determining your pricing. Hanson's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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 | $24,747 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,326 | 8.4 years |
| 10 kW | $2.94 | $20,580 | $42,069 | 8.2 years |
| 12 kW | $2.88 | $24,202 | $50,977 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,049 | 7.9 years |
| 16 kW | $2.76 | $30,952 | $69,286 | 7.7 years |
| 18 kW | $2.70 | $34,080 | $78,687 | 7.6 years |
| 20 kW | $2.65 | $37,044 | $88,254 | 7.4 years |
How to Save on Solar Panels
There are a large number of companies available in Hanson, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Before you sign a contract with a solar installer, be sure to read it through carefully 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.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous 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
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 Hanson, MA Solar Cost FAQs
What is the average cost of installing solar panels in Hanson?
The average cost of solar panels in Hanson 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Hanson?
Each state has some form 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 utility bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage 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.