Solar Panel Cost Guide in Ipswich, MA (2023 Update)
- Ipswich Solar Installation Cost: $8,743
- 25-Year Savings: $16,211
- Payback Period: 8.8 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Ipswich
Find out what the average cost of a solar system is in Ipswich.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ipswich, the average cost of a solar system is 2.94 per watt. Because a 4.2-kW system is needed to cover the energy consumption of a typical home in Ipswich, the average price of going solar will be about $8,746 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Ipswich homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Despite the significant upfront cost, the average Ipswich homeowner can save around $22,000 on their electricity bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a top solar company in Ipswich, you can click the button below.
Solar savings over time in Ipswich
| Year | Return on Investment |
|---|---|
| 1 years | $-8,660 |
| 3 years | $-8,494 |
| 5 years | $-8,327 |
| 7 years | $-8,161 |
| 9 years | $-7,995 |
| 11 years | $-7,828 |
| 13 years | $-7,662 |
| 15 years | $-7,496 |
| 17 years | $-7,329 |
| 19 years | $-7,163 |
| 21 years | $-6,997 |
| 23 years | $-6,830 |
| 25 years | $-6,664 |
Top Solar Installers in Ipswich
DIY solar panel installation is a possibility, but it's an undertaking that can take a lot of hard work. Going with a solar company can make your switch to solar power much easier. Some solar companies, particularly local ones, can help you better understand incentives in Ipswich, thereby optimizing your ROI.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some in Ipswich:
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 Ipswich
Factors that Affect Solar Panel Costs in Ipswich
For many Ipswich homeowners, the decision to adopt solar energy 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 a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,940. Some solar panel 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
If paying for solar panels in cash is too expensive, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. While solar loans make switching to solar energy more accessible for Ipswich homeowners, they can also raise the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Ipswich is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for instance, you'll have many options for solar installers that offer a range of services at different price points. Additionally, some companies in Ipswich know more about local solar incentives and can help you learn about 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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Contract: Read the contract terms carefully to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 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 $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 such as the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Ipswich?
A solar panel system isn't free in Ipswich, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs 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.