Solar Panel Cost Guide in Randolph Town, MA (2023 Update)
- Randolph Town Solar Installation Cost: $9,073
- 25-Year Savings: $16,384
- Payback Period: 8.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Randolph Town
See how much it might cost to make the switch to solar in Randolph Town.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Randolph Town, the average cost of solar panels is 2.94 per watt. Using this figure, a typical 4.4-kW system would cost about $9,076 before the 30% federal solar tax credit is applied.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy use, the type of solar panels you want, your solar contractor and more. But, after you've paid the initial cost of installation, the ROI for most homeowners is usually rewarding, with a net average savings of about $22,000 over 20 years on energy bills.
For a free quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Randolph Town
| Year | Return on Investment |
|---|---|
| 1 years | $-8,988 |
| 3 years | $-8,818 |
| 5 years | $-8,649 |
| 7 years | $-8,479 |
| 9 years | $-8,309 |
| 11 years | $-8,140 |
| 13 years | $-7,970 |
| 15 years | $-7,800 |
| 17 years | $-7,630 |
| 19 years | $-7,461 |
| 21 years | $-7,291 |
| 23 years | $-7,121 |
| 25 years | $-6,952 |
Top Solar Installers in Randolph Town
Trying to install solar panels yourself can be a time-consuming task, which is why hiring a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
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 Randolph Town
Factors that Affect Solar Panel Costs in Randolph Town
For many Randolph Town homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Randolph Town, 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
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,940. The type of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more in the long run on your power bills. In addition, add-on products, such as 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. Even though solar loans make adopting solar energy more accessible for Randolph Town homeowners, they can also add to 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Randolph Town, you'll have many options to choose from, but each comes at various price points for labor and equipment. The company's size can sometimes play the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 promotion 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 | $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
The solar company you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, such as:
- Contract: It's important to look over your solar installer's contract well to understand what services they will provide, what the warranty covers and what expectations you should have about your solar system's energy production.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: The model of solar panel you'd like to get plays a role in which company you should choose, since different companies have different panels.
- Installation Process: When making the switch to solar power, it's essential to keep an open line of communication with your solar installer. Confirm that you understand how the installation process works and the project timeline.
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 Randolph Town, MA Solar Cost FAQs
How much does it cost to install solar panels in Randolph Town?
The average cost of solar panels in Randolph Town is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Randolph Town?
You can't get solar panels for free in Randolph Town. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd prefer to own your solar panels, you can finance them with a solar loan.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Randolph Town is currently $331,700, so you can expect a value of about $13,600 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Randolph Town is a fruitful investment.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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.