Solar Panel Cost Guide in Hingham, MA (2023 Update)
- Hingham Solar Installation Cost: $8,520
- 25-Year Savings: $16,677
- Payback Period: 8.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Hingham
Let's take a look at the average cost of solar in Hingham.
The average cost of a solar system in Hingham is 2.94 per watt. The average Hingham homeowner needs a 4.1-kilowatt system, which would cost about $8,520 with the federal tax credit, or $12,184 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs will most likely differ based on your energy needs and what company you want to go with. Despite the large initial cost, the average Hingham homeowner can save about $23,000 on their electricity bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a top solar company in Hingham that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hingham
| Year | Return on Investment |
|---|---|
| 1 years | $-7,512 |
| 3 years | $-5,496 |
| 5 years | $-3,481 |
| 7 years | $-1,465 |
| 9 years | $551 |
| 11 years | $2,567 |
| 13 years | $4,582 |
| 15 years | $6,598 |
| 17 years | $8,614 |
| 19 years | $10,630 |
| 21 years | $12,645 |
| 23 years | $14,661 |
| 25 years | $16,677 |
Top Solar Installers in Hingham
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can use up a lot of your time and energy. Hiring a solar company can make converting to solar power much easier. The expertise that solar installers offer can be invaluable as well, especially if you don't quite know what brand of solar equipment would be right for your home.
Working with a vetted solar company can make going solar easier. 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
See all of the solar companies in Hingham
Factors that Affect Solar Panel Costs in Hingham
The cost of installing a solar system in Hingham can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. For that reason, it's important to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. In addition, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar installers in Hingham provide solar loans, which reduce your upfront costs of installing solar. 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 how long it'll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can affect how much it costs. Hingham'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 promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $23,693 | 8.8 years |
| 8 kW | $3.00 | $16,793 | $31,920 | 8.6 years |
| 10 kW | $2.94 | $20,580 | $40,311 | 8.4 years |
| 12 kW | $2.88 | $24,202 | $48,867 | 8.3 years |
| 14 kW | $2.82 | $27,660 | $57,588 | 8.1 years |
| 16 kW | $2.76 | $30,952 | $66,474 | 7.9 years |
| 18 kW | $2.70 | $34,080 | $75,524 | 7.8 years |
| 20 kW | $2.65 | $37,044 | $84,738 | 7.6 years |
How to Save on Solar Panels
The solar installer you go with will influence not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should consider, including:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you should know with your solar installer, such as what permits you should secure and what the project timeline is.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Even though there are many options for which brand 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 options before making your decision.
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 Hingham, MA Solar Cost FAQs
What is the average cost of installing solar panels in Hingham?
The average cost of solar panels in Hingham 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 things like the model of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Hingham?
You can't get solar panels for free in Hingham. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Is it worth going solar in Hingham?
Whether or not solar panels are worth it depends on a variety of factors like local electricity rates and how much direct sunlight your roof gets.
How long do solar panels last in Hingham?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.