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Top Solar Installers in Methuen Town
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make swapping over 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 would be right for your home.
If you're looking for a solar installer in Methuen Town, we've organized a list of our top suggestions here:
See all of the solar companies in Methuen Town
Factors that Affect Solar Panel Costs in Methuen Town
Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in Methuen Town: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment Size
The size of the solar panel system you need for your home is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,940. There are a lot of different solar panel brands and the one you choose also affects the cost. Generally speaking, the brands that have better efficiency tend to also be more expensive. In addition, the type of equipment you're looking to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That's why many Methuen Town homeowners decide to finance their solar panel systems to make paying for solar more affordable. You'll have to consider the long-term cost of financing options, 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 original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Methuen Town, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle 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||$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|
Solar Incentives in Methuen Town
|Name||Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)|
|Incentive Amount||100% deduction|
|More Info||Click here|
How to Save on Solar Panels
There are a large number of companies to choose from in Methuen Town, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, 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 installer you should go with, since different companies offer different panels.
- Contract: It's important to read your solar installer's contract fully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
EcoWatch's Methuen Town, 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.