Solar Panel Cost Guide in Tyngsborough, MA (Oct 2022)

  • Tyngsborough Solar Installation Cost: $9,179
  • 25-Year Savings: $16,746
  • Payback Period: 8.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 9/16/2022

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Average Cost of Solar Panels in Tyngsborough

We break down average solar pricing in Tyngsborough.

The national average cost of solar panels is $2.66 per watt, but in Tyngsborough it's $3 per watt. The average Tyngsborough homeowner needs a 4.5-kilowatt system, which would cost about $9,179, or $6,792 after the federal solar tax credit of 30% is applied.

The prices above are just estimates to give you an idea of how much a solar panel system could cost. The exact cost of installing solar panels can vary quite a bit depending on multiple factors, such as what size system you need, your energy usage and what installation company you go with. But, after you've paid the initial cost of installation, the savings for most homeowners is typically good, with a net average savings of about $22,000 over 20 years on energy bills.

To receive a free quote from a pre-vetted solar installation company in Tyngsborough, you can click the button below.

Solar savings over time in Tyngsborough

Year Return on Investment
1 years $-8,142
3 years $-6,068
5 years $-3,994
7 years $-1,920
9 years $154
11 years $2,228
13 years $4,302
15 years $6,376
17 years $8,450
19 years $10,524
21 years $12,598
23 years $14,672
25 years $16,746

Top Solar Installers in Tyngsborough

When making the switch to solar, many homeowners choose to use a solar company since putting up a solar system yourself can be a difficult project. Plus, if you're unsure what brand of solar panels and equipment you want, a solar expert can help you find the right equipment for you after a site survey and consultation.

If you're on the hunt for a solar company in Tyngsborough, the EcoWatch team has organized a list of our top suggestions here:

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

The Green Panel

★★★★★
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 Tyngsborough

Factors that Affect Solar Panel Costs in Tyngsborough

Even though the average cost of solar panels in Tyngsborough is $9,179, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to keep in mind.

Solar Equipment Size

When it comes to estimating the price of a solar energy system in Tyngsborough, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy consumption, which you can figure out by looking at past energy bills. Your overall cost can increase by about $2,940 for each additional kilowatt you need. The solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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, higher efficiency could save you more over time on your energy bills. Additionally, add-on products, such as solar batteries, can bring your total well above the Tyngsborough average.

Solar Financing Terms

For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Tyngsborough, which can reduce, or in some cases completely eliminate, your upfront costs to make solar more accessible. However, the interest on solar loans also increases your overall costs, so it's vital to include that in your estimate as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.

Solar Panel Installation Company

The solar company you opt for to handle your switch to sustainable energy can play a part in your total costs. There are about 3 solar installation companies in Tyngsborough, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $22,038 9.2 years
8 kW $3.00 $16,793 $29,714 9.0 years
10 kW $2.94 $20,580 $37,554 8.9 years
12 kW $2.88 $24,202 $45,558 8.7 years
14 kW $2.82 $27,660 $53,727 8.5 years
16 kW $2.76 $30,952 $62,061 8.3 years
18 kW $2.70 $34,080 $70,560 8.1 years
20 kW $2.65 $37,044 $79,223 8.0 years

Solar Incentives in Tyngsborough

Name Residential Renewable Energy Income Tax Credit
Incentive Amount 15%
More Info Click here

Name Renewable Energy Equipment Sales Tax Exemption
Incentive Amount 100% exemption
Website Visit here
More Info Click here

Name Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)
Incentive Amount 100% deduction
More Info Click here

Name Renewable Energy Property Tax Exemption
Website Visit here
More Info Click here

Name Cape Light Compact- Residential Energy Efficiency Rebate Program
Website Visit here
More Info Click here

Name Mass Save - HEAT Loan Program
Website Visit here
More Info Click here

Name Solar Massachusetts Renewable Target (SMART) Program
Website Visit here
More Info Click here

Name Mass Solar Loan Program
Website Visit here
More Info Click here

Name Residential and Small-Scale Ground-Source Heat Pump Rebate Program
Website Visit here
More Info Click here

Name Commonwealth Woodstove Change-Out Program
Website Visit here
More Info Click here

Name Local Option - Energy Revolving Loan Fund
More Info Click here

Name Solar Renewable Energy Certificates (SREC-II)
Website Visit here
More Info Click here

Name Residential Renewable Energy Tax Credit
Website Visit here
More Info Click here

How to Save on Solar Panels

The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:

  • Solar Panel Brands: Different companies have various brands and kinds of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to install your solar system. Another way you can research your installer's reputation is by reading reviews.
  • Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project timeline incentives and warranties.
  • Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be completed and how long it will take.

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

The Green Panel

★★★★★
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 Tyngsborough, MA Solar Cost FAQs

What is the average cost of installing solar panels in Tyngsborough?

This is a tough question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $14,700 for a 5-kW system and $29,400 for a 10-kW system after the ITC is applied. It will be more expensive if you want extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

Can you get solar panels for free in Tyngsborough?

A solar panel system isn't free in Tyngsborough, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

Do solar panels increase your property value?

Solar panels can increase the value of your home remarkably 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% with a solar installation."

How often do you have to replace solar panels?

Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can 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.

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