Solar Panel Cost Guide in Warren, MA (2023 Update)
- Warren Solar Installation Cost: $9,215
- 25-Year Savings: $16,709
- Payback Period: 8.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Warren
Find out what the average cost of solar panel installation is in Warren.
Although the national average of solar panels is $2.66 per watt, solar panels in Warren typically cost around 2.94. To account for the typical energy usage of the average home in Warren, most homeowners require a 4.5-kilowatt system. Using the per-watt figure above, a solar installation costs around $9,220, or $13,185 before the federal solar tax credit of 30% is applied.
The true cost of your system can be above or below the average in Warren depending on a few factors, such as the brand of solar panels you choose and the solar company you hire. With average savings of about $22,000 on energy bills over 20 years, many homeowners in Warren find installing solar panels can be quite rewarding.
Click the button below to get connected to a highly rated solar company in Warren for a customized quote.
Solar savings over time in Warren
| Year | Return on Investment |
|---|---|
| 1 years | $-9,129 |
| 3 years | $-8,956 |
| 5 years | $-8,783 |
| 7 years | $-8,610 |
| 9 years | $-8,438 |
| 11 years | $-8,265 |
| 13 years | $-8,092 |
| 15 years | $-7,919 |
| 17 years | $-7,746 |
| 19 years | $-7,574 |
| 21 years | $-7,401 |
| 23 years | $-7,228 |
| 25 years | $-7,055 |
Top Solar Installers in Warren
When making the switch to solar, many homeowners decide to use a solar installer since putting up solar panels yourself can be a time-consuming project. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
If you're searching for a solar installer in Warren, the EcoWatch team has put together 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
See all of the solar companies in Warren
Factors that Affect Solar Panel Costs in Warren
While the average cost of a solar system in Warren is $9,220, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar system in Warren, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can gauge by looking at past energy bills. Your total cost can increase by around $2,940 for each additional kilowatt you need. The type of solar equipment you choose can increase or decrease your cost 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. However, higher efficiency could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Warren average.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a solid route because they decrease your upfront costs and allow you to pay for your system over five to seven years on average. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Warren, you'll have plenty of options to choose from, but each comes at various price points for labor and equipment. 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 with an above-average cost. It's best to do some research and decide on the company that offers the products, warranties and services you want and also is within 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 | $21,895 | 9.2 years |
| 8 kW | $3.00 | $16,793 | $29,523 | 9.1 years |
| 10 kW | $2.94 | $20,580 | $37,315 | 8.9 years |
| 12 kW | $2.88 | $24,202 | $45,272 | 8.7 years |
| 14 kW | $2.82 | $27,660 | $53,393 | 8.5 years |
| 16 kW | $2.76 | $30,952 | $61,680 | 8.4 years |
| 18 kW | $2.70 | $34,080 | $70,130 | 8.2 years |
| 20 kW | $2.65 | $37,044 | $78,746 | 8.0 years |
How to Save on Solar Panels
The solar panel company you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should consider, such as:
- Installation Process: Make sure you're aligned 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 your electrical system or roof.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Contract: Read the contract terms thoroughly to make sure you understand the total cost, project timeline incentives and warranties.
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
EcoWatch's Warren, MA Solar Cost FAQs
How much does it cost to install solar panels in Warren?
The average cost of solar panels in Warren is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on stuff like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Warren?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your home value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can you sell solar power back to the grid in Warren?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy usage and the amount of sunlight your roof gets. You can 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 install between 20 and 35 panels to account for 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.