Solar Panel Cost Guide in Lunenburg, MA (2024 Update)
- Lunenburg Solar Installation Cost: $12,726
- 25-Year Savings: $18,460
- Payback Period: 11.5 Years
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Average Cost of Solar Panels in Lunenburg
Find out what the average cost of a solar system is in Lunenburg.
The national average cost of solar panels is $2.66 per watt, but in Lunenburg it’s 4 per watt.To account for the typical energy usage of the average home in Lunenburg, most homeowners require a 4.5-kilowatt system. Using the figure above, a solar installation costs about $12,726, or $18,198 before the federal solar tax credit of 0 is applied.
Keep in mind that the numbers above are only averages. The price you’ll pay for solar may vary based on your household energy use, the type of solar system you want to get, your solar contractor and more.With typical savings of about $23,000 on energy bills over 20 years, many homeowners in Lunenburg find investing in solar can be quite rewarding.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Lunenburg
| Year | Return on Investment |
|---|---|
| 1 years | $-10,957 |
| 3 years | $-7,419 |
| 5 years | $-3,881 |
| 7 years | $-343 |
| 9 years | $3,195 |
| 11 years | $6,733 |
| 13 years | $10,271 |
| 15 years | $13,809 |
| 17 years | $17,347 |
| 19 years | $20,885 |
| 21 years | $24,423 |
| 23 years | $27,961 |
| 25 years | $31,499 |
Top Solar Installers in Lunenburg
Installing solar panels yourself can be a stressful undertaking, which is why getting a solar installer is a good option for many homeowners. Plus, if you’re not certain what kind of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are several licensed solar professionals that can help you install your solar system. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Lunenburg
Factors that Affect Solar Panel Costs in Lunenburg
For many Lunenburg homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Lunenburg, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. That’s why it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Lunenburg, 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
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That’s why many Lunenburg homeowners choose to finance their solar panel systems to make paying for solar more affordable.While solar loans make adopting solar energy more accessible for Lunenburg homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you select will affect your total cost to make the switch to solar power. Different companies will bill different amounts for the equipment and labor.Larger national companies generally have lower costs, but some local companies compete with them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra 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 | $19,349 | 12.0 years |
| 8 kW | $4.14 | $23,191 | $26,253 | 11.7 years |
| 10 kW | $4.06 | $28,420 | $33,384 | 11.5 years |
| 12 kW | $3.98 | $33,422 | $40,743 | 11.3 years |
| 14 kW | $3.90 | $38,196 | $48,330 | 11.0 years |
| 16 kW | $3.82 | $42,744 | $56,143 | 10.8 years |
| 18 kW | $3.74 | $47,064 | $64,184 | 10.6 years |
| 20 kW | $3.65 | $51,156 | $72,453 | 10.3 years |
How to Save on Solar Panels
The solar company you choose will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running for years to come and save you money on part replacement and repairs.
- Contract: Before you sign a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you’re not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Lunenburg, MA Solar Cost FAQs
What is the average cost of installing solar panels in Lunenburg?
This is a difficult question to answer precisely, because the cost depends on a variety of factors. Generally 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 needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Are solar panels free in Lunenburg?
Solar panels aren’t free in Lunenburg, 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 can further reduce the cost.
How will solar panels impact how much my home is worth?
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 Lunenburg is currently $487,239, so you could be looking at a value of about $19,977 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Lunenburg is a worthwhile investment.
How often do you have to replace solar panels?
Although 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 how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use 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.