Solar Panel Cost Guide in Ipswich, MA (Mar 2023)
- Ipswich Solar Installation Cost: $8,746
- 25-Year Savings: $16,208
- Payback Period: 8.8 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ipswich
Find out how much it might cost to go solar in Ipswich.
The national average cost of solar panels is $2.66 per watt, but in Ipswich it's 2.94 per watt. The average Ipswich homeowner needs a 4.2-kilowatt system, which would cost about $8,746 with the federal tax credit, or $12,507 before the 30% tax credit is applied.
These figures are just averages, and your own solar costs will most likely differ based on the amount of energy your home requires and what company you choose to go with. With average savings of about $22,000 on utility bills over 20 years, many homeowners in Ipswich find installing solar panels can be quite rewarding.
Click the button below to get connected to a top solar panel company in your area for a custom estimate.
Solar savings over time in Ipswich
| Year | Return on Investment |
|---|---|
| 1 years | $-7,748 |
| 3 years | $-5,752 |
| 5 years | $-3,756 |
| 7 years | $-1,759 |
| 9 years | $237 |
| 11 years | $2,233 |
| 13 years | $4,230 |
| 15 years | $6,226 |
| 17 years | $8,222 |
| 19 years | $10,219 |
| 21 years | $12,215 |
| 23 years | $14,211 |
| 25 years | $16,208 |
Top Solar Installers in Ipswich
Although it's possible to install solar panels on your own, it takes extra time and expertise. That's why the majority of homeowners choose a solar panel installer. Also, if you'd like to maximize your investment in solar power, opting for a solar company can help with that as well. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives and net metering programs.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some nearby:
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 Ipswich
Factors that Affect Solar Panel Costs in Ipswich
The cost of installing a solar system in Ipswich can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include the equipment you choose, financing options and the solar company you choose.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have greater efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,940. Some solar panel brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Ipswich, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Ipswich, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. Although solar loans make adopting solar energy more accessible for Ipswich homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you hire to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies in Ipswich, and each can charge different amounts for labor and equipment. Additionally, some companies in Ipswich know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $22,400 | 9.1 years |
| 8 kW | $3.00 | $16,793 | $30,196 | 8.9 years |
| 10 kW | $2.94 | $20,580 | $38,156 | 8.8 years |
| 12 kW | $2.88 | $24,202 | $46,282 | 8.6 years |
| 14 kW | $2.82 | $27,660 | $54,571 | 8.4 years |
| 16 kW | $2.76 | $30,952 | $63,026 | 8.2 years |
| 18 kW | $2.70 | $34,080 | $71,645 | 8.1 years |
| 20 kW | $2.65 | $37,044 | $80,429 | 7.9 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably influences your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering such a warranty is one sign of a good company.
- Solar Panel Brands: The model of solar panel you'd like to install plays a role in which installer you should opt for, since different companies provide different panels.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project 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 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 Ipswich, MA Solar Cost FAQs
How much does it cost to install solar panels in Ipswich?
The average cost of solar panels in Ipswich is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,174.73 per year.
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 how much sunlight your roof gets. You can 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 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.