Solar Panel Cost Guide in Ipswich, MA (2024 Update)

  • Ipswich Solar Installation Cost: $12,074
  • 25-Year Savings: $16,211
  • Payback Period: 12.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Ipswich

Here’s how much it might cost to go solar in Ipswich.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Ipswich, the typical cost of a solar system is 4 per watt.Because a 4.2-kW system is needed to cover the energy costs of a typical home in Ipswich, the average price of going solar will be about $12,074 after claiming the federal solar tax credit of 0.

Keep in mind that the figures above are only estimates based on the average Ipswich homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor.Many homeowners find adopting solar power is a sound investment. The average homeowner in Ipswich can save around $22,000 on their electricity bills over 20 years.

To see your potential ROI and connect with a local solar company, click the button below.

Solar savings over time in Ipswich

Year Return on Investment
1 years $-10,351
3 years $-6,904
5 years $-3,457
7 years $-10
9 years $3,437
11 years $6,884
13 years $10,331
15 years $13,777
17 years $17,224
19 years $20,671
21 years $24,118
23 years $27,565
25 years $31,012

Top Solar Installers in Ipswich

Many homeowners decide to hire a solar panel installer since figuring out how to install solar panels yourself can be a labor-intensive endeavor. Solar warranties and repairs are usually included in the cost of installation when you hire a solar contractor too, which can save you more money after your upfront investment.

Working with a licensed solar company can help your solar project go smoothly. Here are our recommendations:

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 for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Ipswich

Factors that Affect Solar Panel Costs in Ipswich

For many Ipswich 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 Ipswich, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you’ll pay, which we'll go over below.

Solar Equipment

When it comes to estimating the cost of solar panels in Ipswich, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your total cost can increase by around $4,060 for each additional kilowatt you need.Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Ipswich, where sunlight is relatively abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited 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

Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Ipswich homeowners decide to finance their solar panel systems to make going solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Ipswich is the company you get to install your solar system. Similar to choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services for different budgets.Larger national companies usually have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have access to 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 $4.22 $17,734 $17,508 12.6 years
8 kW $4.14 $23,191 $23,798 12.3 years
10 kW $4.06 $28,420 $30,316 12.1 years
12 kW $3.98 $33,422 $37,062 11.9 years
14 kW $3.90 $38,196 $44,034 11.6 years
16 kW $3.82 $42,744 $51,235 11.4 years
18 kW $3.74 $47,064 $58,662 11.1 years
20 kW $3.65 $51,156 $66,317 10.9 years

How to Save on Solar Panels

Since the brand of solar panels and the company you choose greatly affects your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Warranty: Warranties that provide coverage for defective panels and repairs over a couple decades are the gold standard in the business, and offering such a warranty is one mark of a good company.
  • Contract: It’s important to look over your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
  • Installation Process: When making the switch to solar, it’s essential to keep an open line of communication with your solar installer. See to it that you understand how the installation process will go and the completion timeline.
  • Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.

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 for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Ipswich, MA Solar Cost FAQs

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

The average cost of solar panels in Ipswich is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.

Can you get solar panels for free in Ipswich?

You can’t get solar panels for free in Ipswich. 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 want to own your solar panels, you can finance them with a solar loan.

Can solar panels significantly reduce my electricity bills?

It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Ipswich, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.

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 amount of 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 buy 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.

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