Solar Panel Cost Guide in Hatfield, MA (2023 Update)
- Hatfield Solar Installation Cost: $9,282
- 25-Year Savings: $15,451
- Payback Period: 9.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hatfield
Find out what the average cost of installing solar panels is in Hatfield.
The average cost of a solar system in Hatfield is 2.94 per watt. Using this figure, a typical 4.5-kW system would cost about $9,282 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy use, the type of solar system you choose, your solar contractor and more. With average savings of about $21,000 on power bills over 20 years, many homeowners in Hatfield find going solar can be quite rewarding.
To see your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Hatfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,292 |
| 3 years | $-6,314 |
| 5 years | $-4,335 |
| 7 years | $-2,356 |
| 9 years | $-378 |
| 11 years | $1,601 |
| 13 years | $3,580 |
| 15 years | $5,558 |
| 17 years | $7,537 |
| 19 years | $9,516 |
| 21 years | $11,494 |
| 23 years | $13,473 |
| 25 years | $15,451 |
Top Solar Installers in Hatfield
When going solar, many homeowners prefer to hire a solar installer since installing solar panels yourself can be a challenging project. Plus, if you're unsure what type of solar panels and equipment you need, a solar installer can help you figure that out after a site survey and consultation.
If you'd like to make the switch to solar but still aren't certain which solar system installer to go with, here are our recommendations for providers nearby:
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 Hatfield
Factors that Affect Solar Panel Costs in Hatfield
For many Hatfield homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Hatfield, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of solar panels in Hatfield, 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 consumption, which you can figure out by looking at past power bills. Your overall cost can increase by around $2,940 for each additional kilowatt you need. The brand of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think about 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
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Hatfield homeowners decide to finance their solar panel systems to make going solar more affordable. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Hatfield, you'll have many options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Hatfield know more about local solar incentives and can help you take advantage of 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 help you save 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 | $20,067 | 9.8 years |
| 8 kW | $3.00 | $16,793 | $27,086 | 9.6 years |
| 10 kW | $2.94 | $20,580 | $34,269 | 9.4 years |
| 12 kW | $2.88 | $24,202 | $41,616 | 9.2 years |
| 14 kW | $2.82 | $27,660 | $49,128 | 9.0 years |
| 16 kW | $2.76 | $30,952 | $56,805 | 8.8 years |
| 18 kW | $2.70 | $34,080 | $64,647 | 8.6 years |
| 20 kW | $2.65 | $37,044 | $72,653 | 8.4 years |
How to Save on Solar Panels
There are many companies available in Hatfield, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Installation Process: One of the most important things to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should secure and how long the project will take.
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 Hatfield, MA Solar Cost FAQs
What is the average cost of installing solar panels in Hatfield?
The average cost of solar panels in Hatfield 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 consume.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can you sell solar power back to the grid in Hatfield?
Most states offer net metering programs of some kind. Through these, you can either receive compensation for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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.