Solar Panel Cost Guide in Marshfield, MA (2023 Update)
- Marshfield Solar Installation Cost: $8,520
- 25-Year Savings: $17,494
- Payback Period: 8.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Marshfield
Find out how much it might cost to go solar in Marshfield.
In Marshfield, solar panels cost about 2.94 per watt on average. The average Marshfield homeowner needs a 4.1-kilowatt system, which would cost about $8,520 with the federal tax credit, or $12,184 before the 30% tax credit is applied.
These figures are only averages, and how much solar costs for you will most likely differ based on the amount of energy your home requires and what company you want to go with. For most homeowners, the upfront investment in solar is worth paying. On average Marshfield homeowners see about $24,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Marshfield
| Year | Return on Investment |
|---|---|
| 1 years | $-7,480 |
| 3 years | $-5,398 |
| 5 years | $-3,317 |
| 7 years | $-1,236 |
| 9 years | $845 |
| 11 years | $2,926 |
| 13 years | $5,007 |
| 15 years | $7,088 |
| 17 years | $9,169 |
| 19 years | $11,250 |
| 21 years | $13,331 |
| 23 years | $15,413 |
| 25 years | $17,494 |
Top Solar Installers in Marshfield
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Going with a solar company can make your swap to solar power much easier. The expertise that solar installers provide can be valuable as well, particularly if you don't quite know what brand of solar equipment you need.
If you're on the hunt for a solar company in Marshfield, we've put together a list of our top suggestions here:
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 Marshfield
Factors that Affect Solar Panel Costs in Marshfield
There are several criteria that can influence your solar system 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
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,940. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Marshfield, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, 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
Many homeowners find the average cost of solar in Marshfield to be prohibitively costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time due to interest. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can influence your pricing. Marshfield's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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 | $24,877 | 8.5 years |
| 8 kW | $3.00 | $16,793 | $33,499 | 8.3 years |
| 10 kW | $2.94 | $20,580 | $42,285 | 8.2 years |
| 12 kW | $2.88 | $24,202 | $51,236 | 8.0 years |
| 14 kW | $2.82 | $27,660 | $60,351 | 7.9 years |
| 16 kW | $2.76 | $30,952 | $69,632 | 7.7 years |
| 18 kW | $2.70 | $34,080 | $79,076 | 7.5 years |
| 20 kW | $2.65 | $37,044 | $88,686 | 7.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- 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 model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Installation Process: When making the switch to solar, it's essential to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
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 Marshfield, MA Solar Cost FAQs
What is the average cost of installing solar panels in Marshfield?
The average cost of solar panels in Marshfield 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 certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to think about are the quality and durability of your solar panels.
Does Marshfield have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can either get paid for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out 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 house 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.
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.