Solar Panel Cost Guide in Randolph Town, MA (Oct 2022)

  • Randolph Town Solar Installation Cost: $9,076
  • 25-Year Savings: $16,381
  • Payback Period: 8.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Randolph Town

Find out what the average cost of solar panel installation is in Randolph Town.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Randolph Town, the average cost of a solar system is $3 per watt. The average Randolph Town homeowner needs a 4.4-kilowatt system, which would cost about $9,076, or $6,716 after the federal solar tax credit of 30% is applied.

These figures are only estimates, and your own solar costs will most likely differ based on your energy needs and what company you want to go with. Many homeowners find installing a solar panel system is a solid investment. The average homeowner in Randolph Town can save about $22,000 on their power bills over 20 years.

Click the button below to get connected to a highly rated solar company in your area for a custom estimate.

Solar savings over time in Randolph Town

Year Return on Investment
1 years $-8,058
3 years $-6,021
5 years $-3,984
7 years $-1,948
9 years $89
11 years $2,125
13 years $4,162
15 years $6,198
17 years $8,235
19 years $10,271
21 years $12,308
23 years $14,344
25 years $16,381

Top Solar Installers in Randolph Town

When going solar, many homeowners opt to hire a solar installer since installing solar panels yourself can be a challenging project. The payback period on a solar system will vary based on factors like your location and energy needs, but going with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.

Working with a vetted solar installer can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Randolph Town

Factors that Affect Solar Panel Costs in Randolph Town

Although the average cost of solar panels in Randolph Town is $9,076, your final cost may differ. There are many factors that can have a sizable impact on the cost of a solar panel installation. Below are some of the more important things to consider.

Solar Equipment

The size of the solar system you need for your household is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by around $2,940. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your electric bills. In addition, add-on products, like solar batteries, can bump up your total well above the Randolph Town average.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be challenging. Solar loans are available from most installers in Randolph Town, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.

Solar Panel Installation Company

The solar panel installation company you choose will influence your total cost to go solar. Different companies will charge different amounts for the equipment and labor. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that offers 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 $21,803 9.3 years
8 kW $3.00 $16,793 $29,400 9.1 years
10 kW $2.94 $20,580 $37,162 8.9 years
12 kW $2.88 $24,202 $45,088 8.7 years
14 kW $2.82 $27,660 $53,179 8.6 years
16 kW $2.76 $30,952 $61,435 8.4 years
18 kW $2.70 $34,080 $69,855 8.2 years
20 kW $2.65 $37,044 $78,440 8.0 years

How to Save on Solar Panels

Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you hire.
  • Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
  • Contract: Read the contract terms closely to make sure you understand the total cost, project completion timeline rebates and warranties.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Randolph Town, MA Solar Cost FAQs

How much does it cost to install solar panels in Randolph Town?

This is a tough question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $14,700 for a 5-kW system and $29,400 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 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 Randolph Town?

Leasing solar panels can be an attractive choice, because it typically comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.

Can solar panels completely eradicate my power bills?

It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Randolph Town, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.

How often do you have to replace solar panels?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.

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.

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