Solar Panel Cost Guide in Montague, MA (Jan 2023)
- Montague Solar Installation Cost: $9,323
- 25-Year Savings: $15,278
- Payback Period: 9.5 Years
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Top Solar Installers in Montague
Trying to install solar panels by yourself can be a dangerous undertaking, which is why hiring a solar installation company is a good option for many homeowners. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can benefit from and by offering warranties and repairs.
If you'd like to start using solar energy but still aren't sure which solar panel company to go with, here are our suggestions for providers in Montague:
See all of the solar companies in Montague
Factors that Affect Solar Panel Costs in Montague
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 Montague: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,940. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Most solar companies in Montague offer solar loans, which reduce the initial cost of installing a solar system. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
The final key cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Montague, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Additionally, some companies in Montague are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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||$19,767||9.8 years|
|8 kW||$3.00||$16,793||$26,685||9.7 years|
|10 kW||$2.94||$20,580||$33,768||9.5 years|
|12 kW||$2.88||$24,202||$41,015||9.3 years|
|14 kW||$2.82||$27,660||$48,427||9.1 years|
|16 kW||$2.76||$30,952||$56,004||8.9 years|
|18 kW||$2.70||$34,080||$63,745||8.7 years|
|20 kW||$2.65||$37,044||$71,651||8.5 years|
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you're concerned about the endurance of your solar energy system, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years likely offer good-quality solar panel installation and expertise.
- Contract: It's important to read through your solar installer's contract well to understand what services they will provide, what the warranty covers and what you can expect about your solar system's energy production.
- Solar Panel Brands: The kind of solar panel you need to get plays a role in which company you should go with, since different companies offer different panels.
EcoWatch's Montague, 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.