Solar Panel Cost Guide in Rowley, MA (2023 Update)
- Rowley Solar Installation Cost: $8,746
- 25-Year Savings: $16,208
- Payback Period: 8.8 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Rowley
Find out what the average cost of installing solar panels is in Rowley.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Rowley, the typical cost of a solar system is 2.94 per watt. The average Rowley homeowner needs a 4.2-kilowatt system, which would cost about $8,746 with the federal tax credit, or $12,507 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Rowley homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. But, after you've paid the upfront cost of installation, the payback for most homeowners is typically fruitful, with a net average savings of about $22,000 over 20 years on utility bills.
Click the button below to get connected to a top solar installer in your area for a customized quote.
Solar savings over time in Rowley
| Year | Return on Investment |
|---|---|
| 1 years | $-7,748 |
| 3 years | $-5,752 |
| 5 years | $-3,756 |
| 7 years | $-1,759 |
| 9 years | $237 |
| 11 years | $2,233 |
| 13 years | $4,230 |
| 15 years | $6,226 |
| 17 years | $8,222 |
| 19 years | $10,219 |
| 21 years | $12,215 |
| 23 years | $14,211 |
| 25 years | $16,208 |
Top Solar Installers in Rowley
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using an installer can make your switch to solar power much easier. The expertise that solar installers offer can be helpful as well, particularly if you aren't sure what type of solar equipment would be right for your home.
Working with a vetted solar installer can help you make the most of your investment in solar. 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 Rowley
Factors that Affect Solar Panel Costs in Rowley
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that determine your overall cost in Rowley: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,940. The type of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more expensive. Further, solar equipment is more than just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a big investment. That's why many Rowley homeowners choose to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs remarkably.
Solar Panel Installation Company
Finally, the company you get to install your solar system can play a part in determining your pricing. Rowley's solar companies all have different labor costs and add varying upcharges to equipment. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those larger 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 | $22,400 | 9.1 years |
| 8 kW | $3.00 | $16,793 | $30,196 | 8.9 years |
| 10 kW | $2.94 | $20,580 | $38,156 | 8.8 years |
| 12 kW | $2.88 | $24,202 | $46,282 | 8.6 years |
| 14 kW | $2.82 | $27,660 | $54,571 | 8.4 years |
| 16 kW | $2.76 | $30,952 | $63,026 | 8.2 years |
| 18 kW | $2.70 | $34,080 | $71,645 | 8.1 years |
| 20 kW | $2.65 | $37,044 | $80,429 | 7.9 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, 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:
- Installation Process: Make sure you're aligned with the company in regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Contract: Before signing a contract with a solar installer, make sure to read it through carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a part breaks or malfunctions and if there are any guarantees about energy production.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you go with.
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 Rowley, MA Solar Cost FAQs
What is the average cost of installing solar panels in Rowley?
The average cost of solar panels in Rowley 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Rowley?
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 savings from going solar.
Can you sell solar power back to the grid in Rowley?
Most states offer net metering programs of some kind. Through these, you can either be compensated for the extra power your system produces or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Rowley?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having 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.