Solar Panel Cost Guide in Randolph Town, MA (2025 Update)
- Randolph Town Solar Installation Cost: $12,529
- 25-Year Savings: $16,384
- Payback Period: 12.3 Years
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Average Cost of Solar Panels in Randolph Town
Find out what the average cost of a solar system is in Randolph Town.
The average cost of solar panels in Randolph Town is 4 per watt.The average Randolph Town homeowner needs a 4.4-kilowatt system, which would cost about $12,529 with the federal tax credit, or $17,916 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Randolph Town homeowner. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $22,000 on utility bills over 20 years, many homeowners in Randolph Town find going solar has a decent ROI.
To receive a free estimate from a top solar installer in Randolph Town, you can click the button below.
Solar savings over time in Randolph Town
| Year | Return on Investment |
|---|---|
| 1 years | $-10,806 |
| 3 years | $-7,359 |
| 5 years | $-3,912 |
| 7 years | $-465 |
| 9 years | $2,982 |
| 11 years | $6,428 |
| 13 years | $9,875 |
| 15 years | $13,322 |
| 17 years | $16,769 |
| 19 years | $20,216 |
| 21 years | $23,663 |
| 23 years | $27,110 |
| 25 years | $30,557 |
Top Solar Installers in Randolph Town
When going solar, many homeowners opt to use a solar installation company since installing a solar system yourself can be a challenging project. Companies can also have access to various kinds of the best solar panels and help you choose which one will be right for your family.
If you’d like to go solar but still aren’t sure which solar panel company to go with, here are our suggestions for providers nearby:
See all of the solar companies in Randolph Town
Factors that Affect Solar Panel Costs in Randolph Town
The cost of installing a solar system in Randolph Town can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panels 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 with greater 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 brand and type of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice because they reduce your upfront costs and allow you to pay for your system over five to seven years on average.However, the interest on solar loans also adds to your all-in costs, so it’s vital to include that in your estimate as well. You can always bring down 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 consideration when trying to figure out the cost of solar for your home or business in Randolph Town is the company you hire to install your solar system. As with choosing a company to install new cabinets, for instance, there’s no shortage of solar installers that provide a range of services at different price points.Additionally, some companies in Randolph Town are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $16,911 | 12.8 years |
| 8 kW | $4.14 | $23,191 | $23,003 | 12.6 years |
| 10 kW | $4.06 | $28,420 | $29,322 | 12.3 years |
| 12 kW | $3.98 | $33,422 | $35,868 | 12.1 years |
| 14 kW | $3.90 | $38,196 | $42,642 | 11.8 years |
| 16 kW | $3.82 | $42,744 | $49,643 | 11.6 years |
| 18 kW | $3.74 | $47,064 | $56,872 | 11.3 years |
| 20 kW | $3.65 | $51,156 | $64,328 | 11.1 years |
How to Save on Solar Panels
There are numerous companies to choose from in Randolph Town, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Warranty: Warranties that cover replacement parts and repairs over a long period of time such as 25 years are the gold standard in the business, and offering such a warranty is one indication of a good company.
EcoWatch's Randolph Town, MA Solar Cost FAQs
What is the average cost of installing solar panels in Randolph Town?
This is a hard question to answer exactly, because the cost depends on a few different 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 other solar equipment or more efficient panels, or if you have above-average energy usage. 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 Randolph Town?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to 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 bang for your buck from going solar.
Do solar panels increase the value of your home?
Solar panels can increase your property’s value significantly as long as you buy or finance your panels and don’t opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.