Solar Panel Cost Guide in Millis, MA (2023 Update)
- Millis Solar Installation Cost: $9,073
- 25-Year Savings: $17,030
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Millis
Let's have a look at the average cost of solar in Millis.
The average cost of solar panels in Millis is 2.94 per watt. Since a 4.4-kW system is needed to cover the energy consumption of a typical home in Millis, the average price of going solar will be about $9,076 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Millis homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the initial cost of installation, the savings for most homeowners is typically fruitful, with a net average savings of about $22,000 over 20 years on utility bills.
Click the button below to get connected to a highly rated solar company in Millis for a personalized quote.
Solar savings over time in Millis
| Year | Return on Investment |
|---|---|
| 1 years | $-8,986 |
| 3 years | $-8,812 |
| 5 years | $-8,638 |
| 7 years | $-8,464 |
| 9 years | $-8,290 |
| 11 years | $-8,116 |
| 13 years | $-7,942 |
| 15 years | $-7,768 |
| 17 years | $-7,594 |
| 19 years | $-7,420 |
| 21 years | $-7,246 |
| 23 years | $-7,072 |
| 25 years | $-6,898 |
Top Solar Installers in Millis
When making the switch to solar, many homeowners prefer to go with a solar company since putting up solar panels yourself can be a time-consuming project. Companies can also offer access to quality options of the best solar panels and help you choose which one will be right for your family.
There are various 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 Millis
Factors that Affect Solar Panel Costs in Millis
Cost is usually one of the most important factors for homeowners who are considering investing in solar. There are a few primary factors that determine your overall cost in Millis: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,940. The kind of solar panels and equipment you choose is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are an affordable route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. When considering your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The solar installer you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar installation companies in Millis, and each can charge varying amounts for labor and equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that provides the products, warranties and services you want and also fits within your budget.
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 | $22,683 | 9.0 years |
| 8 kW | $3.00 | $16,793 | $30,574 | 8.9 years |
| 10 kW | $2.94 | $20,580 | $38,629 | 8.7 years |
| 12 kW | $2.88 | $24,202 | $46,848 | 8.5 years |
| 14 kW | $2.82 | $27,660 | $55,233 | 8.3 years |
| 16 kW | $2.76 | $30,952 | $63,782 | 8.2 years |
| 18 kW | $2.70 | $34,080 | $72,495 | 8.0 years |
| 20 kW | $2.65 | $37,044 | $81,374 | 7.8 years |
How to Save on Solar Panels
There are many companies to choose from in Millis, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the completion timeline.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can verify 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 Millis, MA Solar Cost FAQs
What is the average cost of installing solar panels in Millis?
This is a tough question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $14,700 for a 5-kW system and $29,400 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or less efficient solar panels.
Are solar panels free in Millis?
A solar panel system isn't free in Millis, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
How will installing solar panels impact the value of my home?
Solar panels can increase your property's value remarkably as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How long do solar panels last in Millis?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.