Solar Panel Cost Guide in Haverhill, MA (Nov 2022)

  • Haverhill Solar Installation Cost: $8,746
  • 25-Year Savings: $17,178
  • Payback Period: 8.4 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Haverhill

Find out what the average cost of solar panel installation is in Haverhill.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Haverhill, the typical cost of solar panels is $3 per watt. To cover the typical energy usage of the average home in Haverhill, most homeowners require a 4.2-kilowatt system. Using the figure above, a solar installation costs about $8,746, or $6,472 after the federal solar tax credit of 30% is applied.

These figures are just averages, and how much solar costs for you will vary based on the amount of energy your home requires and what company you go with. Even with the large initial cost, the average Haverhill homeowner can save around $23,000 on their power bills over 20 years, which is one of the benefits of solar.

For a personalized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.

Solar savings over time in Haverhill

Year Return on Investment
1 years $-7,710
3 years $-5,636
5 years $-3,562
7 years $-1,488
9 years $586
11 years $2,660
13 years $4,734
15 years $6,808
17 years $8,882
19 years $10,956
21 years $13,030
23 years $15,104
25 years $17,178

Top Solar Installers in Haverhill

When going solar, many homeowners prefer to hire a solar installer since installing a solar system yourself can be a challenging project. The expertise that solar installers offer can be invaluable as well, especially if you don't quite know what kind of solar equipment you need.

If you'd like to go solar but still aren't sure which solar company to go with, here are our recommendations for providers in Haverhill:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Haverhill

Factors that Affect Solar Panel Costs in Haverhill

Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few key factors that affect your total cost in Haverhill: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment

System size is one of the largest factors that determines the overall cost of installing solar panels. That's why it's crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are provided by most installers in Haverhill, which can reduce, or in some cases eliminate, your upfront costs to make 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 put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.

Solar Panel Installation Company

Lastly, the company you opt for to install your solar panel system can influence the cost. Haverhill's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies generally have lower costs, but some local companies compete with them by offering 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 $23,770 8.8 years
8 kW $3.00 $16,793 $32,023 8.6 years
10 kW $2.94 $20,580 $40,440 8.4 years
12 kW $2.88 $24,202 $49,022 8.3 years
14 kW $2.82 $27,660 $57,769 8.1 years
16 kW $2.76 $30,952 $66,680 7.9 years
18 kW $2.70 $34,080 $75,756 7.8 years
20 kW $2.65 $37,044 $84,997 7.6 years

How to Save on Solar Panels

The company that does your solar system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:

  • Solar Panel Brands: Different companies will have different brands and types of panels. If you want a specific brand, make sure the solar panel company you're considering has it.
  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
  • Contract: Before you sign a contract with a solar company, 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 if there are any guarantees about energy production.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • 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 Haverhill, MA Solar Cost FAQs

What is the average cost of installing solar panels in Haverhill?

The average cost of solar panels in Haverhill 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 such as the type of solar panels you want, what size system you need and how much energy you use.

Is cost the most important consideration when buying solar panels?

The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can trump the cost. Other factors that are important to think about are the quality and durability of your solar panels.

Can solar panels completely eradicate my energy bills?

Solar panels can potentially eliminate your electricity bills depending on where you're located and the efficiency of your system. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,220.41 per year.

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs 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 install between 20 and 35 panels to account for 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.

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