Solar Panel Cost Guide in Wayland, MA (Mar 2023)
- Wayland Solar Installation Cost: $9,179
- 25-Year Savings: $15,706
- Payback Period: 9.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Wayland
Let's have a look at the average cost of solar panels in Wayland.
Although the national average of solar panels is $2.66 per watt, solar panels in Wayland generally cost about 2.94. Using this figure, a typical 4.5-kW system would cost about $9,179 before the 30% federal solar tax credit is applied.
These figures are only averages, and your own solar costs may vary based on the amount of energy your home requires and what company you choose to go with. Many homeowners find installing solar panels is a solid investment. The average homeowner in Wayland can save about $21,000 on their power bills over 20 years.
To get a free quote from a highly rated solar company in Wayland, you can click the button below.
Solar savings over time in Wayland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,183 |
| 3 years | $-6,192 |
| 5 years | $-4,202 |
| 7 years | $-2,211 |
| 9 years | $-220 |
| 11 years | $1,771 |
| 13 years | $3,762 |
| 15 years | $5,752 |
| 17 years | $7,743 |
| 19 years | $9,734 |
| 21 years | $11,725 |
| 23 years | $13,716 |
| 25 years | $15,706 |
Top Solar Installers in Wayland
When going solar, many homeowners opt to hire a solar company since handling can be a time-consuming project. The expertise that solar installers offer can be valuable as well, particularly if you don't quite know what kind of solar equipment would be right for your home.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Wayland
Factors that Affect Solar Panel Costs in Wayland
Even though the average cost of a solar system in Wayland is $9,179, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar panel installation. Below are some of the more important things to consider.
Solar Equipment
When it comes to estimating the price of a solar energy system in Wayland, 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 consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,940 for each additional kilowatt you need. The brand and kind of equipment you choose 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 have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system out of pocket is too expensive, solar loans are an affordable route because they decrease your upfront costs and let you pay for your system over five to seven years on average. It's wise to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
The remaining major cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Wayland, you'll have a great number of options to choose from, but each comes at various price points for labor and equipment. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access to more resources and bulk pricing. Smaller local companies might be more costly, but they generally 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 | $20,640 | 9.6 years |
| 8 kW | $3.00 | $16,793 | $27,849 | 9.4 years |
| 10 kW | $2.94 | $20,580 | $35,223 | 9.2 years |
| 12 kW | $2.88 | $24,202 | $42,762 | 9.0 years |
| 14 kW | $2.82 | $27,660 | $50,465 | 8.9 years |
| 16 kW | $2.76 | $30,952 | $58,333 | 8.7 years |
| 18 kW | $2.70 | $34,080 | $66,365 | 8.5 years |
| 20 kW | $2.65 | $37,044 | $74,562 | 8.3 years |
How to Save on Solar Panels
There are a lot of companies available in Wayland, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, longevity and efficiency. They will come at different costs as well. The company you choose impacts which solar panel brands you have access to.
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to align on any details you need to know with your solar company, such as what permits you should acquire and how long the project will take.
- Contract: Before signing a contract with a solar installer, make sure to look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best Technology
Tesla Energy
- 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 Wayland, MA Solar Cost FAQs
What is the average cost of installing solar panels in Wayland?
This is a difficult question to answer precisely, because the cost depends on a variety of 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 cost more if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels completely eradicate my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,116.06 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.