Solar Panel Cost Guide in Shrewsbury, MA (2024 Update)
- Shrewsbury Solar Installation Cost: $12,726
- 25-Year Savings: $14,199
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Shrewsbury
We break down average solar pricing in Shrewsbury.
In Shrewsbury, solar panels cost about 4 per watt on average.Because a 4.5-kW system is needed to cover the energy costs of a typical home in Shrewsbury, the average price of going solar will be about $12,726 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of solar system you want to get, your solar contractor and more.Even with the significant initial cost, the average Shrewsbury homeowner can save around $20,000 on their power bills over 20 years, which is one of the positives of solar.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Shrewsbury
| Year | Return on Investment |
|---|---|
| 1 years | $-11,430 |
| 3 years | $-8,837 |
| 5 years | $-6,245 |
| 7 years | $-3,653 |
| 9 years | $-1,060 |
| 11 years | $1,532 |
| 13 years | $4,124 |
| 15 years | $6,717 |
| 17 years | $9,309 |
| 19 years | $11,902 |
| 21 years | $14,494 |
| 23 years | $17,086 |
| 25 years | $19,679 |
Top Solar Installers in Shrewsbury
Although you can install solar panels by yourself, it takes extra labor and knowledge. That's why most homeowners choose to go with a solar panel installer. A solar installer can also help save you money over time by offering warranties, repairs and system component replacements.
If you're on the hunt for a solar installer in Shrewsbury, the EcoWatch team has compiled 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
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Shrewsbury
Factors that Affect Solar Panel Costs in Shrewsbury
For many Shrewsbury homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Shrewsbury, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.There are several different solar panel brands and the one you choose also changes the cost. Typically, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install 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
If paying for solar panels out of pocket is too expensive, solar loans are a solid route because they cut back your upfront costs and allow you to pay for your system over five to seven years on average.You’ll have to consider the long-term cost of loans, including the total 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 more than the original cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The final significant cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Shrewsbury, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Additionally, some companies in Shrewsbury know more about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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 | $13,639 | 14.1 years |
| 8 kW | $4.14 | $23,191 | $18,641 | 13.9 years |
| 10 kW | $4.06 | $28,420 | $23,869 | 13.6 years |
| 12 kW | $3.98 | $33,422 | $29,325 | 13.3 years |
| 14 kW | $3.90 | $38,196 | $35,008 | 13.0 years |
| 16 kW | $3.82 | $42,744 | $40,919 | 12.8 years |
| 18 kW | $3.74 | $47,064 | $47,057 | 12.5 years |
| 20 kW | $3.65 | $51,156 | $53,422 | 12.2 years |
How to Save on Solar Panels
There are numerous companies to choose from in Shrewsbury, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Installation Process: Make sure you’re on the same page with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose impacts which solar panel brands you have access to.
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Contract: Read the contract terms carefully to make sure you understand the total cost, project timeline incentives and warranties.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Shrewsbury, MA Solar Cost FAQs
How much does it cost to install solar panels in Shrewsbury?
The average cost of solar panels in Shrewsbury 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 consume.
Are solar panels free in Shrewsbury?
You can’t get solar panels for free in Shrewsbury. 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 rather own your solar panels, you can finance them with a solar loan.
Can you sell solar power back to the grid in Shrewsbury?
The majority of states have net metering programs of some kind. Through these, you can either be compensated for the extra power your system generates or or receive credits to put toward future energy 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 Shrewsbury?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down 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.