Solar Panel Cost Guide in Tewksbury, MA (Nov 2022)

  • Tewksbury Solar Installation Cost: $9,179
  • 25-Year Savings: $16,715
  • Payback Period: 8.9 Years

See cost of a solar system near you:

EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 11/09/2022

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Average Cost of Solar Panels in Tewksbury

We go over average solar pricing in Tewksbury.

The average cost of solar panels in Tewksbury is $3 per watt. Using this figure, a typical 4.5 would cost about $9,179 before the 30% federal solar tax credit is applied.

These figures are just estimates, and the cost of going solar for you will differ based on the amount of energy your home requires and what company you want to go with. Many homeowners find installing a solar system is a sound investment. The average homeowner in Tewksbury can save around $22,000 on their energy bills over 20 years.

Click the button below to get connected to a highly rated solar company in your area for a custom estimate.

Solar savings over time in Tewksbury

Year Return on Investment
1 years $-8,143
3 years $-6,071
5 years $-4,000
7 years $-1,929
9 years $143
11 years $2,214
13 years $4,286
15 years $6,357
17 years $8,429
19 years $10,500
21 years $12,572
23 years $14,643
25 years $16,715

Top Solar Installers in Tewksbury

Although you can install solar panels by yourself, it requires extra energy and know-how. That's one of the reasons the majority of homeowners choose a solar panel installer. Plus, if you're unsure what brand of solar panels and equipment you want, a solar expert can help you figure that out after a site survey and consultation.

You can work with a local solar installer to get a free quote on how much solar panels could cost for your home. Here are some near you:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Tewksbury

Factors that Affect Solar Panel Costs in Tewksbury

Cost is usually one of the most important factors for homeowners who want to invest in solar. There are a few major factors that affect your total cost in Tewksbury: solar equipment and system size, financing options and the solar installation company you choose. We'll discuss each of these briefly below.

Solar Equipment

Size is one of the largest factors that determines the overall cost of going solar. That's why it's important to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. 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 get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Tewksbury average.

Solar Financing Terms

For some homeowners, paying for a solar system out of pocket can be a challenge. Solar loans are available from most installers in Tewksbury, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible. 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 more than the original cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.

Solar Panel Installation Company

The solar installer you choose to handle your switch to clean energy can play a part in your total costs. There are about 3 solar panel companies in Tewksbury, and each can charge varying amounts for labor and equipment. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.

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 $21,996 9.2 years
8 kW $3.00 $16,793 $29,657 9.0 years
10 kW $2.94 $20,580 $37,483 8.9 years
12 kW $2.88 $24,202 $45,474 8.7 years
14 kW $2.82 $27,660 $53,629 8.5 years
16 kW $2.76 $30,952 $61,949 8.3 years
18 kW $2.70 $34,080 $70,434 8.2 years
20 kW $2.65 $37,044 $79,083 8.0 years

How to Save on Solar Panels

There are numerous companies available in Tewksbury, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:

  • Solar Panel Brands: The type of solar panel you want to get plays a role in which installer you should opt for, since different companies provide different panels.
  • Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
  • Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
  • Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years most likely offer high-quality solar panel installation and expertise.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Regional Coverage

Momentum Solar

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

Tesla Energy

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Tewksbury, MA Solar Cost FAQs

How much does it cost to install solar panels in Tewksbury?

The average cost of solar panels in Tewksbury is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the actual cost will depend on things like the model of solar panels you want, what size system you need and how much energy you use.

What other factors should I consider apart from cost when buying solar panels?

Cost is certainly one of the most important things to keep in mind 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 go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."

How many solar panels do I need to power my home?

The exact number of solar panels you need depends on your household energy needs and how much 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 buy 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.

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