Solar Panel Cost Guide in Revere, MA (2024 Update)
- Revere Solar Installation Cost: $12,487
- 25-Year Savings: $16,971
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Revere
See how much it might cost to go solar in Revere.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Revere, the typical cost of solar panels is 4 per watt.Using this figure, a typical 4.4-kW system would cost about $12,487 before the 0 federal solar tax credit is applied.
These figures are just estimates, and how much solar costs for you may vary based on your energy needs and what company you go with.Despite the significant upfront cost, the average Revere homeowner can save around $22,000 on their power bills over 20 years, which is one of the benefits of solar.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Revere
| Year | Return on Investment |
|---|---|
| 1 years | $-10,764 |
| 3 years | $-7,317 |
| 5 years | $-3,870 |
| 7 years | $-423 |
| 9 years | $3,023 |
| 11 years | $6,470 |
| 13 years | $9,917 |
| 15 years | $13,364 |
| 17 years | $16,811 |
| 19 years | $20,258 |
| 21 years | $23,705 |
| 23 years | $27,152 |
| 25 years | $30,598 |
Top Solar Installers in Revere
Installing solar panels yourself can be a time-consuming project, which is why hiring a solar installation company is a good option for many homeowners. Another upside of working with a solar installer is that they can help you make the most of your ROI by cutting back on future costs of repairs and replacements due to warranties and giving you information on local incentives you can take advantage of.
Working with a licensed solar installer can make going solar easier. 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
See all of the solar companies in Revere
Factors that Affect Solar Panel Costs in Revere
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more energy your household consumes, the larger your system will likely need to be. You can expect to pay around $4,060 per kilowatt in Revere.The solar equipment you choose can bring your price up or down 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, more efficient panels could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Revere average.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That’s why many Revere homeowners opt to finance their solar panel systems to offset upfront costs.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying a higher down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Revere is the company you choose to install your solar system. As with choosing a company to renovate your kitchen, for example, there’s no shortage of solar installers that offer a range of services at different costs.Larger national companies generally have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $17,788 | 12.5 years |
| 8 kW | $4.14 | $23,191 | $24,172 | 12.2 years |
| 10 kW | $4.06 | $28,420 | $30,784 | 12.0 years |
| 12 kW | $3.98 | $33,422 | $37,623 | 11.8 years |
| 14 kW | $3.90 | $38,196 | $44,689 | 11.5 years |
| 16 kW | $3.82 | $42,744 | $51,983 | 11.3 years |
| 18 kW | $3.74 | $47,064 | $59,503 | 11.0 years |
| 20 kW | $3.65 | $51,156 | $67,252 | 10.8 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Reputation: Long-running companies likely have a high reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Contract: Before signing a contract with a solar company, be sure to read it through fully so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Installation Process: When making the switch to solar energy, it’s essential to keep an open line of communication with your solar panel installer. Make sure you understand how the installation process will go and the project timeline.
- 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 plays a role in which solar panel brands you have access to.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Solar Veteran
Trinity Solar
- Many financing options
- Family-owned and -operated
- Makes charitable contributions
- Limited service area
- Relatively short workmanship warranty
EcoWatch's Revere, MA Solar Cost FAQs
How much does it cost to install solar panels in Revere?
The average cost of solar panels in Revere is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you use.
Can you get solar panels for free in Revere?
A solar panel system isn’t free in Revere, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Can solar panels eliminate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Revere, that will require at least a 10-kW system. Not all homes 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?
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 opt to replace them once you've had them for that long or you can continue to use 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.