Solar Panel Cost Guide in Wenham, MA (2025 Update)
- Wenham Solar Installation Cost: $12,074
- 25-Year Savings: $16,888
- Payback Period: 11.8 Years
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Average Cost of Solar Panels in Wenham
Let’s have a look at the average cost of solar panels in Wenham.
In Wenham, solar panels cost about 4 per watt on average.To account for the typical energy needs of the average home in Wenham, most homeowners require a 4.2-kilowatt system. Using the per-watt figure above, a solar installation costs around $12,074, or $17,266 before the federal solar tax credit of 0 is applied.
Keep in mind that the figures above are only estimates based on the average Wenham homeowner. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Despite the high upfront cost, the average Wenham homeowner can save about $23,000 on their energy bills over 20 years, which is one of the positives of solar.
You can click the button below to get connected with a pre-vetted solar installer in Wenham for a quote for your home.
Solar savings over time in Wenham
| Year | Return on Investment |
|---|---|
| 1 years | $-10,351 |
| 3 years | $-6,904 |
| 5 years | $-3,457 |
| 7 years | $-10 |
| 9 years | $3,437 |
| 11 years | $6,884 |
| 13 years | $10,331 |
| 15 years | $13,777 |
| 17 years | $17,224 |
| 19 years | $20,671 |
| 21 years | $24,118 |
| 23 years | $27,565 |
| 25 years | $31,012 |
Top Solar Installers in Wenham
Many homeowners opt for a solar installation company since figuring out how to install solar panels yourself can be a lot of work. Companies can also offer access to various kinds of the best solar panels and help you decide which one will be right for your home.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
See all of the solar companies in Wenham
Factors that Affect Solar Panel Costs in Wenham
Although the average cost of a solar system in Wenham is $12,074, your final 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 consider.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.There are a lot of different solar panel brands and the one you choose also changes the cost. Generally speaking, the brands that have better efficiency tend to also cost more. In addition, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Wenham to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs in most cases, but they also result in paying more over time due to interest.It’s wise to add 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
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Wenham is the company you hire to install your PV system. As with choosing a company to build a deck or pool, for instance, you’ll have no shortage of solar installers that provide a range of services at different costs.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 find a company that provides the products, warranties and services you want and also fit into 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 | $4.22 | $17,734 | $18,464 | 12.2 years |
| 8 kW | $4.14 | $23,191 | $25,074 | 12.0 years |
| 10 kW | $4.06 | $28,420 | $31,911 | 11.8 years |
| 12 kW | $3.98 | $33,422 | $38,975 | 11.5 years |
| 14 kW | $3.90 | $38,196 | $46,267 | 11.3 years |
| 16 kW | $3.82 | $42,744 | $53,786 | 11.1 years |
| 18 kW | $3.74 | $47,064 | $61,532 | 10.8 years |
| 20 kW | $3.65 | $51,156 | $69,506 | 10.6 years |
How to Save on Solar Panels
The solar company you go with will influence not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should take into account, including:
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on repairs and maintenance.
- Contract: It’s important to look over your solar installer’s contract well to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
- Solar Panel Brands: The brand of solar panel you need to install plays a part in which installer you should go with, since different companies have access to different panels.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and how long it will take.
EcoWatch's Wenham, MA Solar Cost FAQs
How much does it cost to install solar panels in Wenham?
This is a hard question to answer exactly, because the cost depends on many factors. Broadly speaking, it costs about $20,300 for a 5-kW system and $40,600 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 above-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How much can I save on electricity bills after switching to solar?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners in Wenham, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you’ll want to contact a local solar installer to see how many panels can fit on your roof.
How many solar panels do I need to power my home?
To figure out what solar panel system size 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 house 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.