Solar Panel Cost Guide in Pepperell, MA (2023 Update)
- Pepperell Solar Installation Cost: $9,179
- 25-Year Savings: $18,496
- Payback Period: 8.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Pepperell
Let's have a look at the average cost of solar panels in Pepperell.
In Pepperell, solar panels cost about 2.94 per watt on average. Since a 4.5-kW system is needed to cover the energy costs of a typical home in Pepperell, the average price of going solar will be about $9,179 after claiming the federal solar tax credit of 30%.
These figures are only averages, and the cost of going solar for you will most likely vary based on your specific situation and what company you want to go with. For many homeowners, the upfront investment in solar power is worth paying. On average Pepperell homeowners see about $24,000 in savings on electricity bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Pepperell
| Year | Return on Investment |
|---|---|
| 1 years | $-8,072 |
| 3 years | $-5,858 |
| 5 years | $-3,644 |
| 7 years | $-1,430 |
| 9 years | $784 |
| 11 years | $2,998 |
| 13 years | $5,212 |
| 15 years | $7,426 |
| 17 years | $9,640 |
| 19 years | $11,854 |
| 21 years | $14,068 |
| 23 years | $16,282 |
| 25 years | $18,496 |
Top Solar Installers in Pepperell
Installing solar panels yourself can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. Companies can also offer access to quality options of the best solar panels and help you decide which one will be right for your home.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
See all of the solar companies in Pepperell
Factors that Affect Solar Panel Costs in Pepperell
Cost is often one of the most important factors for homeowners considering investing in solar. There are a few primary factors that determine your overall cost in Pepperell: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the major 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 increase costs. For each additional kilowatt you need, your cost can go up by about $2,940. There are several different solar panel brands and the one you choose also changes the cost. In general, the brands that are more efficient tend to also cost more. Plus, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Pepperell, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs considerably.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of renewable energy solutions in Pepperell, 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 cost more. It's best to do some research and find 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 | $3.06 | $12,842 | $24,394 | 8.6 years |
| 8 kW | $3.00 | $16,793 | $32,854 | 8.5 years |
| 10 kW | $2.94 | $20,580 | $41,479 | 8.3 years |
| 12 kW | $2.88 | $24,202 | $50,269 | 8.1 years |
| 14 kW | $2.82 | $27,660 | $59,223 | 8.0 years |
| 16 kW | $2.76 | $30,952 | $68,342 | 7.8 years |
| 18 kW | $2.70 | $34,080 | $77,626 | 7.6 years |
| 20 kW | $2.65 | $37,044 | $87,074 | 7.5 years |
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 find the right company for you, here are some tips to keep in mind:
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what you need to do before your solar panel system is installed, such as updating your electrical system or roof.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one sign of a good company.
- Contract: Although reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: The kind of solar panel you'd like to get plays a part in which installer you should go with, since different companies provide different panels.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Pepperell, MA Solar Cost FAQs
How much does it cost to install solar panels in Pepperell?
The average cost of solar panels in Pepperell is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Pepperell?
Leasing solar panels can be an option if you can't afford 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 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 financial benefits from going solar.
Is it worth going solar in Pepperell?
Solar panels can be a fruitful investment for a majority of homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Pepperell?
Though 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 decide to replace them after having 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.