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Top Solar Installers in Peabody
Many homeowners choose to use a solar installation company since installing solar panels by yourself can be a labor-intensive endeavor. The expertise that solar companies offer can be useful as well, especially if you don't quite know what kind of solar equipment would be right for your home.
If you'd like to switch to solar energy but still aren't certain which solar installer to go with, here are our recommendations for providers nearby:
See all of the solar companies in Peabody
Factors that Affect Solar Panel Costs in Peabody
For many Peabody homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Peabody, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment Size
System size is one of the largest factors that determines the overall cost of installing solar panels. That's why it's crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. There are many different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Peabody to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest. While solar loans make going solar more accessible for Peabody homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar panel installation company you choose will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down to compete with bigger companies.
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||$20,889||9.5 years|
|8 kW||$3.00||$16,793||$28,181||9.3 years|
|10 kW||$2.94||$20,580||$35,638||9.2 years|
|12 kW||$2.88||$24,202||$43,260||9.0 years|
|14 kW||$2.82||$27,660||$51,046||8.8 years|
|16 kW||$2.76||$30,952||$58,997||8.6 years|
|18 kW||$2.70||$34,080||$67,113||8.4 years|
|20 kW||$2.65||$37,044||$75,393||8.2 years|
Solar Incentives in Peabody
|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 select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: One of the most important things to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you need to know with your solar company, such as what permits you should secure and what the project timeline is.
- Contract: Before you sign a contract with a solar company, make sure to look it over carefully so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
EcoWatch's Peabody, 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.