Solar Panel Cost Guide in Monson, MA (Sep 2022)

  • Monson Solar Installation Cost: $9,199
  • 25-Year Savings: $16,725
  • Payback Period: 8.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Monson

We go over average solar pricing in Monson.

In Monson, solar panels cost about $3 per watt on average. The average solar panel system size in Monson is around 4.5 kilowatts, meaning a cost of about $9,199 for a solar installation, or $6,807 after the 30% federal solar tax credit is applied.

These figures are only averages, and your own solar costs will differ based on factors unique to your home and what company you want to go with. Even with the high initial cost, the average Monson homeowner can save about $22,000 on their power bills over 20 years, which is one of the advantages of solar.

You can click the button below to get connected with a vetted solar installer in Monson that can help you get a more accurate cost estimate for your home.

Solar savings over time in Monson

Year Return on Investment
1 years $-8,162
3 years $-6,088
5 years $-4,014
7 years $-1,940
9 years $134
11 years $2,208
13 years $4,281
15 years $6,355
17 years $8,429
19 years $10,503
21 years $12,577
23 years $14,651
25 years $16,725

Top Solar Installers in Monson

When making the switch to solar, many homeowners prefer to go with a solar company since handling can be a time-consuming project. Companies can also have access to quality options of the best solar panels and help you choose which one will be best for your family.

If you're on the hunt for a solar company in Monson, the EcoWatch team has organized a list of our top suggestions here:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Monson

Factors that Affect Solar Panel Costs in Monson

Though the average cost of solar panels in Monson is $9,199, your actual cost may differ. There are many factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to keep in mind.

Solar Equipment Size

The size of the solar energy system you need to offset your energy usage is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,940. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your energy bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Monson average.

Solar Financing Terms

For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are provided by most installers in Monson, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and the amount of time it'll take to pay off the loan.

Solar Panel Installation Company

The last major cost factor you should consider is the installer you choose. Given the booming popularity of green energy solutions in Monson, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Some companies only sell products with high efficiency and therefore a higher price point — 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 is 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 $21,923 9.2 years
8 kW $3.00 $16,793 $29,561 9.1 years
10 kW $2.94 $20,580 $37,362 8.9 years
12 kW $2.88 $24,202 $45,329 8.7 years
14 kW $2.82 $27,660 $53,460 8.5 years
16 kW $2.76 $30,952 $61,755 8.3 years
18 kW $2.70 $34,080 $70,216 8.2 years
20 kW $2.65 $37,044 $78,840 8.0 years

Solar Incentives in Monson

Name Solar Massachusetts Renewable Target (SMART) Program
Incentive Amount (Base compensation rate + compensation rate adders - greenfield subtractor) * total kWh generated - value of energy generated
Incentive Max The ceiling price for the competitive procurement to determine the base compensation rate was $0.17/kWh.
For systems 25 kW or less, the combination of a base compensation rate and adder may not exceed the base compensation rate for low-income projects less than or equal to 25 kW.
Website Visit here
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Solar Renewable Energy Certificates (SREC-II)
Incentive Amount Varies, depending on market supply and demand
Incentive Max 2017 compliance year: Alternative Compliance Payment Rate is $350 per MWh (~$0.35 per kWh)
Website Visit here
More Info Click here

Name Renewable Energy Property Tax Exemption
Incentive Amount 100% exemption for 20 years
Incentive Max Not specified
Website Visit here
More Info Click here

Name Residential Renewable Energy Income Tax Credit
Incentive Amount 15%
Incentive Max $1,000
More Info Click here

Name Mass Solar Loan Program
Website Visit here
More Info Click here

Name Local Option - Energy Revolving Loan Fund
More Info Click here

Name Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)
Incentive Amount 100% deduction
More Info Click here

Name Reading Municipal Light Department - Residential Renewable Energy Rebates
Incentive Amount MLP Solar Rebate Program: $1.20 per watt
Residential Renewable Energy Rebate Program: $1.00 per watt
Incentive Max MLP Solar Rebate Program: 50% of cost or $30,000, whichever is less
Residential Renewable Energy Rebate Program: $2,000
Website Visit here
More Info Click here

Name Renewable Energy Equipment Sales Tax Exemption
Incentive Amount 100% exemption
Incentive Max None
Website Visit here
More Info Click here

How to Save on Solar Panels

The solar company you choose will be a major factor in determining not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:

  • Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
  • Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
  • Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
  • Contract: Before you sign a contract with a solar installer, be sure to read it through fully so you understand the terms. Also, ask questions if you're not sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Monson, MA Solar Cost FAQs

How much does it cost to install solar panels in Monson?

This is a tough question to answer exactly, because the cost depends on a variety of factors. Generally 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 be more expensive if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

Are solar panels free in Monson?

A solar panel system isn't free in Monson, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.

Is going solar worth it?

Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.

How long do solar panels last in Monson?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.

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