Solar Panel Cost Guide in Merrimac, MA (Feb 2023)
- Merrimac Solar Installation Cost: $8,746
- 25-Year Savings: $17,178
- Payback Period: 8.4 Years
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Top Solar Installers in Merrimac
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make swapping over to solar power much easier. Companies can also have access to various kinds of the best solar panels and help you decide which one will be right for you.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Merrimac
Factors that Affect Solar Panel Costs in Merrimac
There are many factors that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
The size of the solar panel system you need to offset your energy usage, 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 nearly $2,940. The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag 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. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Merrimac to be too steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs in most cases, but they also lead to higher prices over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar panel installer you pick will influence your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor. You may come across national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or specials 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||$23,770||8.8 years|
|8 kW||$3.00||$16,793||$32,023||8.6 years|
|10 kW||$2.94||$20,580||$40,440||8.4 years|
|12 kW||$2.88||$24,202||$49,022||8.3 years|
|14 kW||$2.82||$27,660||$57,769||8.1 years|
|16 kW||$2.76||$30,952||$66,680||7.9 years|
|18 kW||$2.70||$34,080||$75,756||7.8 years|
|20 kW||$2.65||$37,044||$84,997||7.6 years|
How to Save on Solar Panels
The solar installer you choose will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which installer you should go with, since different companies offer different panels.
- Reputation: Well-established companies 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.
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the project timeline.
EcoWatch's Merrimac, MA Solar Cost FAQs
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.