Solar Panel Cost Guide in Hingham, MA (2024 Update)
- Hingham Solar Installation Cost: $11,760
- 25-Year Savings: $16,681
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Hingham
Find out what the average cost of solar panel installation is in Hingham.
The average cost of a solar panel system in Hingham is 4 per watt.Because a 4.1-kW system is needed to cover the energy consumption of a typical home in Hingham, the average price of going solar will be about $11,760 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar panels you choose, your solar contractor and more.But, once you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $23,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar installer in your area for a custom quote.
Solar savings over time in Hingham
| Year | Return on Investment |
|---|---|
| 1 years | $-10,037 |
| 3 years | $-6,590 |
| 5 years | $-3,143 |
| 7 years | $304 |
| 9 years | $3,751 |
| 11 years | $7,198 |
| 13 years | $10,644 |
| 15 years | $14,091 |
| 17 years | $17,538 |
| 19 years | $20,985 |
| 21 years | $24,432 |
| 23 years | $27,879 |
| 25 years | $31,326 |
Top Solar Installers in Hingham
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a headache. Going with a solar panel installer can make your swap to solar power much easier. Plus, if you’re not certain what type of solar panels and equipment you need, a solar company can help you figure that out after a site survey and consultation.
Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Hingham
Factors that Affect Solar Panel Costs in Hingham
For many Hingham homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Hingham, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to spend about $4,060 per kilowatt in Hingham.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Hingham homeowners decide to finance their solar panel systems to make paying for solar more affordable.While solar loans make switching to solar energy more accessible for Hingham homeowners, they can also raise the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installer you pick will impact your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.You may see 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 promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $18,801 | 12.1 years |
| 8 kW | $4.14 | $23,191 | $25,522 | 11.9 years |
| 10 kW | $4.06 | $28,420 | $32,471 | 11.7 years |
| 12 kW | $3.98 | $33,422 | $39,648 | 11.4 years |
| 14 kW | $3.90 | $38,196 | $47,051 | 11.2 years |
| 16 kW | $3.82 | $42,744 | $54,682 | 11.0 years |
| 18 kW | $3.74 | $47,064 | $62,541 | 10.7 years |
| 20 kW | $3.65 | $51,156 | $70,626 | 10.5 years |
How to Save on Solar Panels
There are a lot of companies to choose from in Hingham, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Make sure you’re aligned with the installer in regard to how the installation process will go and what you need to do before your solar system is installed, such as repairing your electrical system or roof.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, durability and efficiency. They will come at different costs as well. The company you choose affects which solar panel brands you have access to.
- Contract: Look through the contract terms carefully to make sure you understand the total cost, project completion timeline incentives and warranties.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Hingham, MA Solar Cost FAQs
What is the average cost of installing solar panels in Hingham?
This is a tough question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Are solar panels free in Hingham?
You can’t get solar panels for free in Hingham. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Hingham have a net metering program?
Most states have net metering programs of some kind. Through these, you can either receive compensation for the extra power your system produces or or receive credits to put toward future electricity 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?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.