Solar Panel Cost Guide in Marshfield, MA (2024 Update)
- Marshfield Solar Installation Cost: $11,760
- 25-Year Savings: $17,498
- Payback Period: 11.3 Years
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Average Cost of Solar Panels in Marshfield
Here’s how much it might cost to install solar panels in Marshfield.
Although the national average of solar panels is $2.66 per watt, solar panels in Marshfield generally cost about 4.The average Marshfield homeowner needs a 4.1-kilowatt system, which would cost about $11,760 with the federal tax credit, or $16,817 before the 0 tax credit is applied.
Keep in mind that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy use, the type of solar system you want, your solar contractor and more.But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $24,000 over 20 years on energy bills.
To receive a free estimate from a top solar installation company in Marshfield, you can click the button below.
Solar savings over time in Marshfield
| Year | Return on Investment |
|---|---|
| 1 years | $-10,139 |
| 3 years | $-6,895 |
| 5 years | $-3,652 |
| 7 years | $-409 |
| 9 years | $2,835 |
| 11 years | $6,078 |
| 13 years | $9,321 |
| 15 years | $12,565 |
| 17 years | $15,808 |
| 19 years | $19,051 |
| 21 years | $22,295 |
| 23 years | $25,538 |
| 25 years | $28,781 |
Top Solar Installers in Marshfield
Trying to put up solar panels yourself can be a difficult task, which is why using a solar installer is a good option for many homeowners. Companies can also have access to a large variety of the best solar panels and help you choose which one will be best for your home.
Working with a licensed solar installer can make going solar easier. Here are our recommendations:
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 Marshfield
Factors that Affect Solar Panel Costs in Marshfield
The cost of installing a solar system in Marshfield can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the price of a solar energy system in Marshfield, 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 usage, which you can determine by looking at past electricity bills. Your overall cost can increase by around $4,060 for each additional kilowatt you need.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system in cash is difficult, solar loans are a solid option because they lower your upfront costs and let you pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Marshfield, and each can charge different amounts for labor and equipment.Additionally, some companies in Marshfield know more about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you 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 | $19,985 | 11.8 years |
| 8 kW | $4.14 | $23,191 | $27,101 | 11.5 years |
| 10 kW | $4.06 | $28,420 | $34,445 | 11.3 years |
| 12 kW | $3.98 | $33,422 | $42,016 | 11.1 years |
| 14 kW | $3.90 | $38,196 | $49,814 | 10.8 years |
| 16 kW | $3.82 | $42,744 | $57,840 | 10.6 years |
| 18 kW | $3.74 | $47,064 | $66,093 | 10.4 years |
| 20 kW | $3.65 | $51,156 | $74,574 | 10.2 years |
How to Save on Solar Panels
There are a lot of companies available in Marshfield, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which company you should go with, since different companies have different panels.
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be completed and how long it will take.
- Contract: Though reading through a contract can be tedious, it’s important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Marshfield, MA Solar Cost FAQs
What is the average cost of installing solar panels in Marshfield?
This is a difficult 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. It will cost more if you want additional solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is without a doubt one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Marshfield, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you’ll want to check with a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and the average daily sunlight your roof gets. You can take a 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 cover 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.
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.