Solar Panel Cost Guide in Salisbury, MA (2023 Update)
- Salisbury Solar Installation Cost: $8,743
- 25-Year Savings: $14,497
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Salisbury
Find out what the average cost of a solar system is in Salisbury.
The average cost of a solar system in Salisbury is 2.94 per watt. To cover the typical energy needs of the average home in Salisbury, most homeowners require a 4.2-kilowatt system. Using the figure above, a solar installation costs about $8,746, or $12,507 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and the cost of going solar for you will most likely vary based on your energy needs and what company you choose to go with. Despite the high initial cost, the average Salisbury homeowner can save about $21,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Salisbury
| Year | Return on Investment |
|---|---|
| 1 years | $-8,666 |
| 3 years | $-8,511 |
| 5 years | $-8,356 |
| 7 years | $-8,201 |
| 9 years | $-8,046 |
| 11 years | $-7,891 |
| 13 years | $-7,736 |
| 15 years | $-7,581 |
| 17 years | $-7,426 |
| 19 years | $-7,271 |
| 21 years | $-7,116 |
| 23 years | $-6,962 |
| 25 years | $-6,807 |
Top Solar Installers in Salisbury
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 converting to solar power much easier. A solar installer can also help save you money over the lifespan of your system by providing warranties, repairs and part replacements.
If you're searching for a solar company in Salisbury, the EcoWatch team has put together a list of our top suggestions here:
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 Salisbury
Factors that Affect Solar Panel Costs in Salisbury
There are a number of factors that can affect your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
When it comes to estimating the price of a solar energy system in Salisbury, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy consumption, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,940 for each additional kilowatt you need. There are a lot of different solar panel brands and the one you choose also affects the cost. Typically, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Salisbury, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. It's wise to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Salisbury is the company you hire to install your solar system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that offer a range of services for different budgets. The company's size can sometimes play the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount 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 | $19,980 | 9.8 years |
| 8 kW | $3.00 | $16,793 | $26,969 | 9.6 years |
| 10 kW | $2.94 | $20,580 | $34,123 | 9.4 years |
| 12 kW | $2.88 | $24,202 | $41,442 | 9.2 years |
| 14 kW | $2.82 | $27,660 | $48,925 | 9.0 years |
| 16 kW | $2.76 | $30,952 | $56,573 | 8.8 years |
| 18 kW | $2.70 | $34,080 | $64,386 | 8.7 years |
| 20 kW | $2.65 | $37,044 | $72,363 | 8.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Different companies will carry different brands and types of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Contract: Read the contract terms closely to make sure you understand the cost breakdown, project completion timeline rebates and warranties.
- Installation Process: When going solar, it's essential to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the completion timeline.
- Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
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 Salisbury, MA Solar Cost FAQs
How much does it cost to install solar panels in Salisbury?
The average cost of solar panels in Salisbury 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.
What other factors should I consider other than cost when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will solar panels impact the value of my home?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don't choose 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."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily sunlight your roof gets. You can take a 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 install between 20 and 35 panels to cover 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.
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.