Solar Panel Cost Guide in Manchester-by-the-Sea, MA (2025 Update)
- Manchester-by-the-Sea Solar Installation Cost: $12,074
- 25-Year Savings: $17,181
- Payback Period: 11.6 Years
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Average Cost of Solar Panels in Manchester-by-the-Sea
Find out what the average cost of solar panel installation is in Manchester-by-the-Sea.
The national average cost of solar panels is $2.66 per watt, but in Manchester-by-the-Sea it’s 4 per watt.The average Manchester-by-the-Sea homeowner needs a 4.2-kilowatt system, which would cost about $12,074 with the federal tax credit, or $17,266 before the 0 tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Manchester-by-the-Sea homeowner. The price of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.Even with the significant upfront cost, the average Manchester-by-the-Sea homeowner can save about $23,000 on their electricity bills over 20 years, which is one of the advantages of solar.
You can click the button below to get connected with a vetted solar installer in Manchester-by-the-Sea that can help you get a more accurate cost estimate for your home.
Solar savings over time in Manchester-by-the-Sea
| 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 Manchester-by-the-Sea
Many homeowners decide to hire a solar installation company since figuring out how to install solar panels yourself can be a lot of work. Companies can also offer access to quality options of the best solar panels and help you pick which one will be best for your home.
If you're searching for a solar company in Manchester-by-the-Sea, we've put together a list of our top suggestions here:
See all of the solar companies in Manchester-by-the-Sea
Factors that Affect Solar Panel Costs in Manchester-by-the-Sea
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are provided by most installers in Manchester-by-the-Sea, which can reduce, or in some cases eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s important to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar installer you hire to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Manchester-by-the-Sea, and each can charge varying amounts for labor and equipment.The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $4.22 | $17,734 | $18,878 | 12.1 years |
| 8 kW | $4.14 | $23,191 | $25,626 | 11.9 years |
| 10 kW | $4.06 | $28,420 | $32,600 | 11.6 years |
| 12 kW | $3.98 | $33,422 | $39,802 | 11.4 years |
| 14 kW | $3.90 | $38,196 | $47,232 | 11.2 years |
| 16 kW | $3.82 | $42,744 | $54,889 | 10.9 years |
| 18 kW | $3.74 | $47,064 | $62,773 | 10.7 years |
| 20 kW | $3.65 | $51,156 | $70,885 | 10.5 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
- Reputation: Long-standing companies likely have a good 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.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand how much the equipment and services will cost and the terms of the warranty.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
EcoWatch's Manchester-by-the-Sea, MA Solar Cost FAQs
How much does it cost to install solar panels in Manchester-by-the-Sea?
The average cost of solar panels in Manchester-by-the-Sea 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 stuff like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Manchester-by-the-Sea?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any tax rebates and credits and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Do solar panels increase the value of your home?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much 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 install between 20 and 35 panels to account for 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.