Solar Panel Cost Guide in Monson, MA (2023 Update)
- Monson Solar Installation Cost: $9,199
- 25-Year Savings: $16,725
- Payback Period: 8.9 Years
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Updated May 04, 2023
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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 2.94 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 $13,155 before 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 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 Monson
Factors that Affect Solar Panel Costs in Monson
Though the average cost of a solar system 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
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 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 |
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 Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Monson, MA Solar Cost FAQs
What is the average cost of installing solar panels in Monson?
The average cost of solar panels in Monson is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Monson?
You can't get solar panels for free in Monson. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Monson 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 generates or or receive credits to put toward future electricity bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.