Solar Panel Cost Guide in Monson, MA (Jan 2023)
- Monson Solar Installation Cost: $9,199
- 25-Year Savings: $16,725
- Payback Period: 8.9 Years
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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:
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.
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.
EcoWatch's Monson, 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.