Solar Panel Cost Guide in Somerville, MA (Feb 2023)
- Somerville Solar Installation Cost: $9,179
- 25-Year Savings: $16,848
- Payback Period: 8.8 Years
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Top Solar Installers in Somerville
When making the switch to solar, many homeowners decide to hire a solar installer since DIY solar panel installation can be a challenging project. Plus, if you aren't sure what brand of solar panels and equipment you need, a solar company can help you find the right equipment for you after a site survey and consultation.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
See all of the solar companies in Somerville
Factors that Affect Solar Panel Costs in Somerville
For many Somerville homeowners, the decision to go solar rests on cost. However, the range of solar installation costs can be quite wide in Somerville, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar system size, which is measured in kilowatts, is one of the largest factors that affects 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 energy needs. The kind of 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 energy bills. Additionally, extra products, like solar batteries, can bring your total well above the Somerville average.
Solar Financing Terms
Many homeowners find the average cost of solar in Somerville to be prohibitively costly, even if the investment pays off over time. Thankfully, nearly every solar installer in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for 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 Somerville is the company you choose to install your PV system. Similar to choosing a company to install new cabinets, for instance, there's no shortage of solar installers that offer a range of services for different budgets. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you want and also fit into your budget.
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||$22,176||9.2 years|
|8 kW||$3.00||$16,793||$29,897||9.0 years|
|10 kW||$2.94||$20,580||$37,783||8.8 years|
|12 kW||$2.88||$24,202||$45,833||8.6 years|
|14 kW||$2.82||$27,660||$54,048||8.5 years|
|16 kW||$2.76||$30,952||$62,428||8.3 years|
|18 kW||$2.70||$34,080||$70,972||8.1 years|
|20 kW||$2.65||$37,044||$79,681||7.9 years|
How to Save on Solar Panels
There are numerous companies available in Somerville, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be difficult, so here are some tips to help you decide:
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the completion timeline.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, longevity and 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.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
EcoWatch's Somerville, MA Solar Cost FAQs
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.