Solar Panel Cost Guide in Winthrop Town, MA (2023 Update)
- Winthrop Town Solar Installation Cost: $9,043
- 25-Year Savings: $16,971
- Payback Period: 8.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Winthrop Town
We break down average solar pricing in Winthrop Town.
Although the national average of solar panels is $2.66 per watt, solar panels in Winthrop Town typically cost about 2.94. Because a 4.4-kW system is needed to cover the energy usage of a typical home in Winthrop Town, the average price of going solar will be about $9,035 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average energy use of Winthrop Town homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Many homeowners find going solar is a solid investment. The average homeowner in Winthrop Town can save around $22,000 on their power bills over 20 years.
To receive a free quote from a pre-vetted solar company in Winthrop Town, you can click the button below.
Solar savings over time in Winthrop Town
| Year | Return on Investment |
|---|---|
| 1 years | $-8,956 |
| 3 years | $-8,783 |
| 5 years | $-8,609 |
| 7 years | $-8,436 |
| 9 years | $-8,262 |
| 11 years | $-8,089 |
| 13 years | $-7,915 |
| 15 years | $-7,742 |
| 17 years | $-7,569 |
| 19 years | $-7,395 |
| 21 years | $-7,222 |
| 23 years | $-7,048 |
| 25 years | $-6,875 |
Top Solar Installers in Winthrop Town
Many homeowners choose to use a solar installation company since installing solar panels yourself can be hard. Plus, if you aren't sure what kind of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you'd like to switch to solar energy but still aren't certain which solar system company to go with, here are our recommendations for providers in Winthrop Town:
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 Winthrop Town
Factors that Affect Solar Panel Costs in Winthrop Town
The cost of installing a solar system in Winthrop Town can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Winthrop Town, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can determine by looking at past electricity bills. Your total 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 brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be difficult. Solar loans are provided by most installers in Winthrop Town, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. Though solar loans make going solar more accessible for Winthrop Town homeowners, they can also increase the total you pay for your system, depending on your interest rate. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can play a role in your total costs. There are about 3 solar installation companies operating in Winthrop Town, and each can charge different amounts for labor and equipment. Additionally, some companies in Winthrop Town are more knowledgeable about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $22,680 | 9.0 years |
| 8 kW | $3.00 | $16,793 | $30,570 | 8.9 years |
| 10 kW | $2.94 | $20,580 | $38,624 | 8.7 years |
| 12 kW | $2.88 | $24,202 | $46,843 | 8.5 years |
| 14 kW | $2.82 | $27,660 | $55,226 | 8.3 years |
| 16 kW | $2.76 | $30,952 | $63,774 | 8.2 years |
| 18 kW | $2.70 | $34,080 | $72,486 | 8.0 years |
| 20 kW | $2.65 | $37,044 | $81,364 | 7.8 years |
How to Save on Solar Panels
There are numerous companies to choose from in Winthrop Town, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Different companies offer different brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
- Contract: Read the contract terms thoroughly to make sure you understand how much it will cost, project completion timeline rebates and warranties.
- Reputation: Your solar installer should have a solid 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 that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: A quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Winthrop Town, MA Solar Cost FAQs
How much does it cost to install solar panels in Winthrop Town?
The average cost of solar panels in Winthrop Town is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Winthrop Town?
Solar panels aren't free in Winthrop Town, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Can solar panels eliminate my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Winthrop Town, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out 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.
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.