Solar Panel Cost Guide in Lancaster, MA (2023 Update)
- Lancaster Solar Installation Cost: $9,215
- 25-Year Savings: $17,152
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Lancaster
Here's how much it might cost to make the switch to solar in Lancaster.
In Lancaster, solar panels cost about 2.94 per watt on average. The average Lancaster homeowner needs a 4.5-kilowatt system, which would cost about $9,220 with the federal tax credit, or $13,185 before the 30% tax credit is applied.
These figures are just estimates, and the cost of going solar for you will look different based on your energy needs and what company you choose to go with. But, once you've paid the upfront cost of installation, the savings for most homeowners is typically rewarding, with a net average savings of about $22,000 over 20 years on electricity bills.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Lancaster
| Year | Return on Investment |
|---|---|
| 1 years | $-9,127 |
| 3 years | $-8,952 |
| 5 years | $-8,776 |
| 7 years | $-8,600 |
| 9 years | $-8,424 |
| 11 years | $-8,249 |
| 13 years | $-8,073 |
| 15 years | $-7,897 |
| 17 years | $-7,721 |
| 19 years | $-7,545 |
| 21 years | $-7,370 |
| 23 years | $-7,194 |
| 25 years | $-7,018 |
Top Solar Installers in Lancaster
Although you can install solar panels on your own, it involves extra time and know-how. Because of that, most people choose to hire a solar panel installer. The payback period on an investment in solar panels will vary depending on factors like your location and energy usage, but going with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
If you're on the hunt for a solar company in Lancaster, the EcoWatch team has put together a list of our top suggestions here:
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 Lancaster
Factors that Affect Solar Panel Costs in Lancaster
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that determine your overall cost in Lancaster: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,940. The type of solar equipment you choose can bring your price up or down 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. On the other hand, higher efficiency could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bring your total well above the Lancaster average.
Solar Financing Terms
Many homeowners find the average cost of solar in Lancaster to be too steep, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar installer you select will play a role in your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The company's size can sometimes play the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger names.
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 | $22,489 | 9.1 years |
| 8 kW | $3.00 | $16,793 | $30,315 | 8.9 years |
| 10 kW | $2.94 | $20,580 | $38,305 | 8.7 years |
| 12 kW | $2.88 | $24,202 | $46,460 | 8.6 years |
| 14 kW | $2.82 | $27,660 | $54,779 | 8.4 years |
| 16 kW | $2.76 | $30,952 | $63,263 | 8.2 years |
| 18 kW | $2.70 | $34,080 | $71,912 | 8.0 years |
| 20 kW | $2.65 | $37,044 | $80,726 | 7.9 years |
How to Save on Solar Panels
Since the model of solar panels and the installation 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: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can check your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Warranty: If you're concerned about the durability of your solar panel system, checking if your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: Before you sign a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
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 Lancaster, MA Solar Cost FAQs
What is the average cost of installing solar panels in Lancaster?
The average cost of solar panels in Lancaster 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 things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Lancaster have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them after having them for that long or you can keep using them at a lower efficiency.
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.