Why you can trust EcoWatch
Top Solar Installers in Wakefield
Although it's possible to install solar panels on your own, it requires extra time and know-how. That's why most people choose to go with a solar panel installer. Solar warranties and repairs are typically included in the cost of installation when you sign a contract with a solar contractor as well, which can save you more money over time.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:
See all of the solar companies in Wakefield
Factors that Affect Solar Panel Costs in Wakefield
The cost of installing a solar system in Wakefield can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment Size
Size is one of the largest factors that determines the overall cost of installing solar panels. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The brand and kind of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Wakefield homeowners choose to finance their solar panel systems to make paying for solar more affordable. It's wise to include 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 the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose to handle your switch to green energy can play a role in your total costs. There are about 3 solar panel companies operating in Wakefield, and each can charge varying amounts for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those larger 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||$19,868||9.8 years|
|8 kW||$3.00||$16,793||$26,820||9.6 years|
|10 kW||$2.94||$20,580||$33,937||9.4 years|
|12 kW||$2.88||$24,202||$41,218||9.2 years|
|14 kW||$2.82||$27,660||$48,664||9.1 years|
|16 kW||$2.76||$30,952||$56,275||8.9 years|
|18 kW||$2.70||$34,080||$64,050||8.7 years|
|20 kW||$2.65||$37,044||$71,990||8.5 years|
Solar Incentives in Wakefield
|Name||Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)|
|Incentive Amount||100% deduction|
|More Info||Click here|
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: It's important to read your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Warranty: Many companies offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: The model of solar panel you need plays a role in which company you should choose, since different companies have different panels.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar installer. Make sure you understand how the installation process works and the completion timeline.
EcoWatch's Wakefield, 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.