Solar Panel Cost Guide in Holden, MA (Feb 2023)
- Holden Solar Installation Cost: $9,220
- 25-Year Savings: $16,705
- Payback Period: 8.9 Years
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Updated January 20, 2023
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Average Cost of Solar Panels in Holden
We break down average solar pricing in Holden.
The average cost of a solar panel system in Holden is $3 per watt. Since a 4.5-kW system is needed to cover the energy costs of a typical home in Holden, the average price of going solar will be about $9,220 before claiming the federal solar tax credit of 30%.
These figures are just estimates, and how much solar costs for you may differ based on the amount of energy your home requires and what company you go with. Even with the high initial cost, the average Holden homeowner can save around $22,000 on their energy bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a vetted solar company in Holden for a quote for your home.
Solar savings over time in Holden
| Year | Return on Investment |
|---|---|
| 1 years | $-8,183 |
| 3 years | $-6,109 |
| 5 years | $-4,035 |
| 7 years | $-1,961 |
| 9 years | $113 |
| 11 years | $2,187 |
| 13 years | $4,261 |
| 15 years | $6,335 |
| 17 years | $8,409 |
| 19 years | $10,483 |
| 21 years | $12,557 |
| 23 years | $14,631 |
| 25 years | $16,705 |
Top Solar Installers in Holden
Many homeowners choose to hire a solar installation company since trying to install solar panels yourself can be a labor-intensive endeavor. The payback period on a solar system will vary based on factors like your roof configuration and energy use, but going with a solar company can shorten that period. Your provider will be able to help you apply for incentives available in your area.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Holden
Factors that Affect Solar Panel Costs in Holden
There are several factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
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 around $2,940 per kilowatt in Holden. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Holden average.
Solar Financing Terms
Most solar companies in Holden offer solar loans, which reduce your upfront costs of installing solar panels. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Holden is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for example, there are plenty of solar installers that offer a range of services at different costs. The company's size sometimes plays the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger companies.
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 | $21,895 | 9.2 years |
| 8 kW | $3.00 | $16,793 | $29,523 | 9.1 years |
| 10 kW | $2.94 | $20,580 | $37,315 | 8.9 years |
| 12 kW | $2.88 | $24,202 | $45,272 | 8.7 years |
| 14 kW | $2.82 | $27,660 | $53,393 | 8.5 years |
| 16 kW | $2.76 | $30,952 | $61,680 | 8.4 years |
| 18 kW | $2.70 | $34,080 | $70,130 | 8.2 years |
| 20 kW | $2.65 | $37,044 | $78,746 | 8.0 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years in most cases provide quality solar panel installation and expertise.
- Solar Panel Brands: Different companies carry various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel company you're considering has it.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
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 Holden, MA Solar Cost FAQs
What is the average cost of installing solar panels in Holden?
The average cost of solar panels in Holden 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 kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Holden?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
Is it worth going solar in Holden?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already pretty low, solar panels might not be for you.
What solar power system size is right for 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 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.