Solar Panel Cost Guide in Palmer Town, MA (2024 Update)
- Palmer Town Solar Installation Cost: $12,716
- 25-Year Savings: $16,386
- Payback Period: 12.4 Years
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Average Cost of Solar Panels in Palmer Town
Find out what the average cost of a solar system is in Palmer Town.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Palmer Town, the average cost of solar panels is 4 per watt.Using this figure, a typical 4.5-kW system would cost about $12,716 before the 0 federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Palmer Town homeowners. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $22,000 over 20 years on electricity bills.
Click the button below to get connected to a reputable solar company in your area for a customized quote.
Solar savings over time in Palmer Town
| Year | Return on Investment |
|---|---|
| 1 years | $-10,992 |
| 3 years | $-7,545 |
| 5 years | $-4,098 |
| 7 years | $-651 |
| 9 years | $2,795 |
| 11 years | $6,242 |
| 13 years | $9,689 |
| 15 years | $13,136 |
| 17 years | $16,583 |
| 19 years | $20,030 |
| 21 years | $23,477 |
| 23 years | $26,923 |
| 25 years | $30,370 |
Top Solar Installers in Palmer Town
Although it's possible to install solar panels on your own, it requires extra energy and handiness. Because of that, the majority of homeowners choose a solar panel installer. Solar warranties and repairs are often included in the cost of installation when you sign a contract with a solar company too, which can save you more money after your upfront investment.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some nearby:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Palmer Town
Factors that Affect Solar Panel Costs in Palmer Town
While the average cost of a solar system in Palmer Town is $12,716, your final cost may be higher or lower than that. There are many factors that can have a sizable impact on the cost of a 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 some different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production 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 $4,060.The kind of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Furthermore, 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 researching a solar system that falls within your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are offered by most installers in Palmer Town, which can lower, or in some cases eliminate, your upfront costs to make solar more affordable.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
The last key cost factor you should consider is the installer you choose. Given the booming popularity of sustainable energy solutions in Palmer Town, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It’s best to do some research and choose a company that provides the products, warranties and services you’re looking for 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 | $4.22 | $17,734 | $16,587 | 12.9 years |
| 8 kW | $4.14 | $23,191 | $22,571 | 12.7 years |
| 10 kW | $4.06 | $28,420 | $28,783 | 12.4 years |
| 12 kW | $3.98 | $33,422 | $35,221 | 12.2 years |
| 14 kW | $3.90 | $38,196 | $41,887 | 11.9 years |
| 16 kW | $3.82 | $42,744 | $48,780 | 11.7 years |
| 18 kW | $3.74 | $47,064 | $55,901 | 11.4 years |
| 20 kW | $3.65 | $51,156 | $63,249 | 11.2 years |
How to Save on Solar Panels
There are a lot of companies available in Palmer Town, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and type has varying levels of quality, durability and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Well-established companies likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Although reading through a contract can take a lot of time, it’s important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Warranty: Warranties that cover panel repairs and maintenance over a long period of time such as 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Palmer Town, MA Solar Cost FAQs
What is the average cost of installing solar panels in Palmer Town?
This is a hard question to answer precisely, because the cost depends on many factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Palmer Town?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is it worth going solar in Palmer Town?
Solar panels can be a good investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Palmer Town?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.