Solar Panel Cost Guide in Winchendon, MA (2025 Update)
- Winchendon Solar Installation Cost: $12,726
- 25-Year Savings: $17,876
- Payback Period: 11.7 Years
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Average Cost of Solar Panels in Winchendon
Find out what the average cost of installing solar panels is in Winchendon.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Winchendon, the typical cost of solar panels is 4 per watt.The average Winchendon homeowner needs a 4.5-kilowatt system, which would cost about $12,726 with the federal tax credit, or $18,198 before the 0 tax credit is applied.
How much you pay can be higher or lower than the average in Winchendon depending on a variety of factors, such as the model of solar panels you choose and the solar contractor you hire.With average savings of about $23,000 on power bills over 20 years, many homeowners in Winchendon find going solar has a decent ROI.
For a customized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Winchendon
| Year | Return on Investment |
|---|---|
| 1 years | $-10,991 |
| 3 years | $-7,521 |
| 5 years | $-4,052 |
| 7 years | $-582 |
| 9 years | $2,887 |
| 11 years | $6,357 |
| 13 years | $9,827 |
| 15 years | $13,296 |
| 17 years | $16,766 |
| 19 years | $20,236 |
| 21 years | $23,705 |
| 23 years | $27,175 |
| 25 years | $30,645 |
Top Solar Installers in Winchendon
Although it's possible to install solar panels yourself, it involves extra effort and handiness. Because of that, almost all homeowners choose to hire a solar panel installer. Because solar panels are exposed to temperature swings and extreme weather, warranties and repairs from your solar installer can help you get the most out of your investment in solar panels by reducing potential costs down the line.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Winchendon
Factors that Affect Solar Panel Costs in Winchendon
For many Winchendon homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Winchendon, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar system you need, 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 about $4,060. The kind of solar panels and equipment you want is another factor that will significantly impact costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Moreover, solar equipment goes beyond just the solar panels themselves. You’ll also need to make decisions about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on power bills over many years, but they can also be a big investment. That’s why many Winchendon homeowners choose to finance their solar panel systems to make going solar more affordable.Though solar loans make going solar more accessible for Winchendon homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you make a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The last significant cost factor you should take into consideration is the installer you choose. Given the booming popularity of clean energy solutions in Winchendon, you’ll have a great number of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $18,567 | 12.2 years |
| 8 kW | $4.14 | $23,191 | $25,210 | 12.0 years |
| 10 kW | $4.06 | $28,420 | $32,081 | 11.7 years |
| 12 kW | $3.98 | $33,422 | $39,180 | 11.5 years |
| 14 kW | $3.90 | $38,196 | $46,505 | 11.3 years |
| 16 kW | $3.82 | $42,744 | $54,058 | 11.0 years |
| 18 kW | $3.74 | $47,064 | $61,839 | 10.8 years |
| 20 kW | $3.65 | $51,156 | $69,846 | 10.6 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Even though there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of offerings before deciding.
- 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 panel system is installed, such as updating or replacing your electrical system or roof.
- Contract: Before you sign a contract with a solar company, be sure to read it through completely so you understand the terms. Also, ask questions if you’re not certain about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: If you’re worried about the endurance of your solar panels, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
EcoWatch's Winchendon, MA Solar Cost FAQs
How much does it cost to install solar panels in Winchendon?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Generally 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 more efficient panels, or if you have higher-than-average energy needs. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Should I lease or buy solar panels in Winchendon?
Leasing solar panels can be an option if you can’t afford 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 bang for your buck from going solar.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located 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 $1,210.02 per year.
How often do you have to replace solar panels?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.
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.