Solar Panel Cost Guide in Marion, MA (2023 Update)
- Marion Solar Installation Cost: $8,516
- 25-Year Savings: $17,587
- Payback Period: 8.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Marion
Let's take a look at the average cost of solar panels in Marion.
Although the national average of solar panels is $2.66 per watt, solar panels in Marion generally cost about 2.94. Because a 4.1-kW system is needed to cover the energy consumption of a typical home in Marion, the average price of going solar will be about $8,520 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary quite a bit depending on several factors, such as what size system you need, your energy usage and what installation company you go with. With typical savings of about $24,000 on utility bills over 20 years, many homeowners in Marion find investing in solar has a decent ROI.
You can click the button below to get connected with a vetted solar installer in Marion for a quote for your home.
Solar savings over time in Marion
| Year | Return on Investment |
|---|---|
| 1 years | $-8,429 |
| 3 years | $-8,255 |
| 5 years | $-8,081 |
| 7 years | $-7,907 |
| 9 years | $-7,733 |
| 11 years | $-7,559 |
| 13 years | $-7,385 |
| 15 years | $-7,211 |
| 17 years | $-7,037 |
| 19 years | $-6,863 |
| 21 years | $-6,689 |
| 23 years | $-6,515 |
| 25 years | $-6,341 |
Top Solar Installers in Marion
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with an installer can make swapping over to solar power much easier. Some solar companies, especially local ones, can help you make the most of incentives in Marion, thereby optimizing your ROI.
There are several licensed solar professionals that can take care of your solar installation project. 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
See all of the solar companies in Marion
Factors that Affect Solar Panel Costs in Marion
The cost of installing a solar system in Marion can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,940. Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer higher efficiency. In a city like Marion, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Marion provide solar loans, which reduce the initial cost of installing a solar system. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can influence how much you pay. Marion's solar companies all have different labor costs and add varying upcharges to equipment. 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 add-on 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 | $3.06 | $12,842 | $25,007 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,672 | 8.3 years |
| 10 kW | $2.94 | $20,580 | $42,501 | 8.2 years |
| 12 kW | $2.88 | $24,202 | $51,495 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,654 | 7.8 years |
| 16 kW | $2.76 | $30,952 | $69,977 | 7.7 years |
| 18 kW | $2.70 | $34,080 | $79,465 | 7.5 years |
| 20 kW | $2.65 | $37,044 | $89,118 | 7.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: Before signing a contract with a solar company, make sure to read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which company you should choose, since different companies have different panels.
- Reputation: Companies that have been operating for many years likely have a solid 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 service, such as part repairs and replacements.
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 Marion, MA Solar Cost FAQs
What is the average cost of installing solar panels in Marion?
The average cost of solar panels in Marion 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 model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Marion?
Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Can you sell solar power back to the grid in Marion?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How long do solar panels last in Marion?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much 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 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.