Solar Panel Cost Guide in Needham, MA (Dec 2022)

  • Needham Solar Installation Cost: $9,076
  • 25-Year Savings: $16,049
  • Payback Period: 9.0 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Needham

We break down average solar pricing in Needham.

Although the national average of solar panels is $2.66 per watt, solar panels in Needham typically cost about $3. The average Needham homeowner needs a 4.4-kilowatt system, which would cost about $9,076, or $6,716 after the federal solar tax credit of 30% is applied.

Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy use, the type of solar panels you want to get, your solar contractor and more. For many homeowners, the upfront investment in solar panels is worth paying. On average Needham homeowners see about $22,000 in savings on energy bills over 20 years.

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

Solar savings over time in Needham

Year Return on Investment
1 years $-8,071
3 years $-6,061
5 years $-4,051
7 years $-2,041
9 years $-31
11 years $1,979
13 years $3,989
15 years $5,999
17 years $8,009
19 years $10,019
21 years $12,029
23 years $14,039
25 years $16,049

Top Solar Installers in Needham

When making the switch to solar, many homeowners opt to use a solar company since installing a solar system yourself can be a time-consuming project. The payback period on a solar system will vary depending on factors like your location and energy consumption, but working with a solar installer can shorten that period. Your provider will be able to help you apply for incentives available in your area.

Working with a licensed solar company can make going solar easier. Here are our recommendations:

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

Tesla Energy

★★★★★
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 Needham

Factors that Affect Solar Panel Costs in Needham

Though the average cost of solar panels in Needham is $9,076, your actual cost may be above or below the average. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.

Solar Equipment

The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the major factors is the system size. Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,940. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Needham, where sunlight is relatively abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Many homeowners find the average cost of solar in Needham to be too expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs in most cases, but they also result in a higher cost over time due to interest. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay back the loan.

Solar Panel Installation Company

The solar installation company you select will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.

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 $21,352 9.4 years
8 kW $3.00 $16,793 $28,798 9.2 years
10 kW $2.94 $20,580 $36,409 9.0 years
12 kW $2.88 $24,202 $44,185 8.8 years
14 kW $2.82 $27,660 $52,126 8.7 years
16 kW $2.76 $30,952 $60,231 8.5 years
18 kW $2.70 $34,080 $68,500 8.3 years
20 kW $2.65 $37,044 $76,935 8.1 years

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:

  • Contract: It's important to look over your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the project timeline.
  • Solar Panel Brands: The brand of solar panel you'd like plays a part in which company you should choose, since different companies offer different panels.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can look into your installer's reputation is by reading reviews.
  • Warranty: Each company may offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.

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

Tesla Energy

★★★★★
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 Needham, MA Solar Cost FAQs

What is the average cost of installing solar panels in Needham?

The average cost of solar panels in Needham is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Needham?

You can't get solar panels for free in Needham. 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'd rather own your solar panels, you can finance them with a solar loan.

Do solar panels increase the value of your home?

Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Needham is currently $805,340, which means you can look forward to a value of about $33,019 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Needham is a rewarding investment.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.

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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