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.
The average cost of a solar panel system in Palmer Town 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.
Keep in mind that the figures above are only estimates based on the average Palmer Town homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.With typical savings of about $22,000 on energy bills over 20 years, many homeowners in Palmer Town find going solar has a decent ROI.
To calculate your potential savings and connect with a local solar installer, click the button below.
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
Trying to put up solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar contractor too, which can save you more money over time.
You can work with a local solar installer to get a free quote on the cost of solar panels for your home. Here are some in Palmer Town:
Best National Provider
SunPower
- 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
- 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
Although 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 significant impact on the cost of a residential solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of installing solar panels. For that reason, it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.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 accessible.However, the interest on solar loans also increases your all-in costs, so it’s crucial to include that in your estimate as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Palmer Town is the company you choose to install your solar panel system. Similar to choosing a company to install new cabinets, for example, you’ll have no shortage of solar installers that provide a range of services for different budgets.Additionally, some companies in Palmer Town have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $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
Since the kind of solar panels and the company you choose greatly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you aren’t sure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
Best National Provider
SunPower
- 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
- 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
How much does it cost to install solar panels in Palmer Town?
This is a difficult question to answer precisely, because the cost depends on a variety of 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. It will be more expensive if you want other solar equipment or higher quality panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I 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 can’t take advantage of many solar incentives. Also your home 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 savings from going solar.
Is switching to solar power worth it?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
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.