Solar Panel Cost Guide in Whitinsville, MA (2023 Update)
- Whitinsville Solar Installation Cost: $9,220
- 25-Year Savings: $16,705
- Payback Period: 8.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Whitinsville
Find out what the average cost of solar panel installation is in Whitinsville.
In Whitinsville, solar panels cost about 2.94 per watt on average. Using this figure, a typical 4.5-kW system would cost about $9,220 before the 30% federal solar tax credit 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 making the switch to solar can vary quite a bit depending on several factors, such as how many panels you need, your energy usage and what solar installer you go with. For many homeowners, the upfront cost of solar is worth paying. On average Whitinsville homeowners see about $22,000 in savings on utility bills over 20 years.
For a customized quote from a local solar installer that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Whitinsville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,183 |
| 3 years | $-6,109 |
| 5 years | $-4,035 |
| 7 years | $-1,961 |
| 9 years | $113 |
| 11 years | $2,187 |
| 13 years | $4,261 |
| 15 years | $6,335 |
| 17 years | $8,409 |
| 19 years | $10,483 |
| 21 years | $12,557 |
| 23 years | $14,631 |
| 25 years | $16,705 |
Top Solar Installers in Whitinsville
When making the switch to solar, many homeowners choose to use a solar company since putting up solar panels yourself can be a time-consuming project. The payback period on an investment in solar panels will vary based on factors like your roof configuration and energy consumption, but working with a solar company can shorten that period. Your provider will be able to help you identify incentives available in your area.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Whitinsville
Factors that Affect Solar Panel Costs in Whitinsville
The cost of installing a solar system in Whitinsville can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system you need, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar energy system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $2,940. The kind of solar panels and equipment you want is another factor that will significantly affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Whitinsville, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more affordable. It's a good idea 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 how long it'll take to pay back the loan.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Whitinsville, and each can charge different amounts for labor and equipment. The size of the company sometimes plays the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes 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 | $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
Since the type of solar panels and the company you choose greatly impacts your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases provide good-quality solar panel installation and expertise.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
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 Whitinsville, MA Solar Cost FAQs
How much does it cost to install solar panels in Whitinsville?
This is a tough 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have above-average energy consumption. On the flip side, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Whitinsville?
Leasing solar panels can be an appealing choice, because it typically comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to get the most savings.
How much can I save on energy bills after switching to solar?
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 $1,157.90 per year.
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.