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Top Solar Installers in North Reading
When going solar, many homeowners decide to use a solar company since installing solar panels yourself can be a difficult project. The expertise that solar installers offer can be invaluable as well, particularly if you aren't sure what type of solar equipment you need.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
See all of the solar companies in North Reading
Factors that Affect Solar Panel Costs in North Reading
Although the average cost of solar panels in North Reading is $9,179, your actual cost may be higher or lower than that. 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 consider.
Solar Equipment Size
The cost of solar panel systems varies by thousands of dollars due to a variety of factors. One of the notable factors is the system size. Solar power systems with higher efficiency or power generation need 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 type of solar panels and equipment you get is another factor that will largely affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking for a solar system that's in your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in North Reading to be too expensive, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in higher prices over time because of interest. However, the interest on solar loans also increases your total costs, so it's vital to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in North Reading is the company you get to install your PV system. Similar to choosing a company to install new cabinets, for example, there are plenty of solar installers that provide a range of services for different budgets. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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||$19,022||10.1 years|
|8 kW||$3.00||$16,793||$25,691||9.9 years|
|10 kW||$2.94||$20,580||$32,526||9.7 years|
|12 kW||$2.88||$24,202||$39,525||9.5 years|
|14 kW||$2.82||$27,660||$46,689||9.3 years|
|16 kW||$2.76||$30,952||$54,017||9.1 years|
|18 kW||$2.70||$34,080||$61,510||8.9 years|
|20 kW||$2.65||$37,044||$69,168||8.7 years|
Solar Incentives in North Reading
|Name||Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)|
|Incentive Amount||100% deduction|
|More Info||Click here|
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:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running for years to come and save you money on repairs and maintenance.
- Contract: Although reading through a contract can be tedious, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: The kind of solar panel you want plays a role in which company you should opt for, since different companies have access to different panels.
EcoWatch's North Reading, 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.