Solar Panel Cost Guide in Lee, MA (2025 Update)
- Lee Solar Installation Cost: $12,836
- 25-Year Savings: $15,438
- Payback Period: 13.0 Years
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Average Cost of Solar Panels in Lee
Find out what the average cost of installing solar panels is in Lee.
The national average cost of solar panels is $2.66 per watt, but in Lee it’s 4 per watt.Because a 4.5-kW system is needed to cover the energy costs of a typical home in Lee, the average price of going solar will be about $12,836 after claiming the federal solar tax credit of 0.
These figures are only averages, and the cost of going solar for you will look different based on the amount of energy your home requires and what company you want to go with.But, once you've paid the initial cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $21,000 over 20 years on electricity bills.
Click the button below to get connected to a top solar installer in Lee for a custom estimate.
Solar savings over time in Lee
| Year | Return on Investment |
|---|---|
| 1 years | $-11,113 |
| 3 years | $-7,666 |
| 5 years | $-4,219 |
| 7 years | $-772 |
| 9 years | $2,675 |
| 11 years | $6,122 |
| 13 years | $9,569 |
| 15 years | $13,016 |
| 17 years | $16,462 |
| 19 years | $19,909 |
| 21 years | $23,356 |
| 23 years | $26,803 |
| 25 years | $30,250 |
Top Solar Installers in Lee
Trying to install solar panels on your own can be a dangerous undertaking, which is why hiring a solar installer is a good option for many homeowners. A solar installer can also help save you money in the long run by providing warranties, repairs and component replacements.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our suggestions for providers in Lee:
See all of the solar companies in Lee
Factors that Affect Solar Panel Costs in Lee
The cost of installing a solar system in Lee can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Lee, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home’s energy consumption, which you can gauge by looking at past electricity bills. Your total cost can increase by about $4,060 for each additional kilowatt you need.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Lee average.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be a challenge. Solar loans are provided by most installers in Lee, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The solar company you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating throughout Lee, and each can charge varying amounts for labor and equipment.Additionally, some companies in Lee are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $4.22 | $17,734 | $15,122 | 13.5 years |
| 8 kW | $4.14 | $23,191 | $20,618 | 13.2 years |
| 10 kW | $4.06 | $28,420 | $26,341 | 13.0 years |
| 12 kW | $3.98 | $33,422 | $32,291 | 12.7 years |
| 14 kW | $3.90 | $38,196 | $38,469 | 12.5 years |
| 16 kW | $3.82 | $42,744 | $44,874 | 12.2 years |
| 18 kW | $3.74 | $47,064 | $51,506 | 11.9 years |
| 20 kW | $3.65 | $51,156 | $58,366 | 11.7 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It’s important to read through your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
- Reputation: Your solar installer should have a solid reputation as a company and have proven 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 good reviews from past customers.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
EcoWatch's Lee, MA Solar Cost FAQs
How much does it cost to install solar panels in Lee?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in Lee?
Leasing solar panels can be an option if you can’t pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Do solar panels increase your property value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lee is currently $385,955, which means you could be looking at a value of about $15,824 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Lee is a fruitful investment.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.