Solar Panel Cost Guide in Winthrop Town, MA (2024 Update)
- Winthrop Town Solar Installation Cost: $12,487
- 25-Year Savings: $30,598
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Winthrop Town
See how much it might cost to install solar panels in Winthrop Town.
In Winthrop Town, solar panels cost about 4 per watt on average.The average Winthrop Town homeowner needs a 4.4-kilowatt system, which would cost about $12,487 with the federal tax credit, or $17,856 before the 0 tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The true cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what installation company you go with.Even with the high initial cost, the average Winthrop Town homeowner can save around $22,000 on their energy bills over 20 years, which is one of the perks of solar.
To receive a free quote from a pre-vetted solar installation company in Winthrop Town, you can click the button below.
Solar savings over time in Winthrop Town
| Year | Return on Investment |
|---|---|
| 1 years | $-10,764 |
| 3 years | $-7,317 |
| 5 years | $-3,870 |
| 7 years | $-423 |
| 9 years | $3,023 |
| 11 years | $6,470 |
| 13 years | $9,917 |
| 15 years | $13,364 |
| 17 years | $16,811 |
| 19 years | $20,258 |
| 21 years | $23,705 |
| 23 years | $27,152 |
| 25 years | $30,598 |
Top Solar Installers in Winthrop Town
Installing solar panels by yourself can be a stressful undertaking, which is why using a solar installation company is a good option for many homeowners. Solar companies offer key benefits that can help you maximize your investment, like warranties, monitoring and free repairs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Winthrop Town
Factors that Affect Solar Panel Costs in Winthrop Town
Even though the average cost of a solar system in Winthrop Town is $12,487, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
When it comes to estimating the price of a solar energy system in Winthrop Town, one of the most important factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home’s energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $4,060 for each additional kilowatt you need.The type of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond just the solar panels themselves. You’ll also need to think 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 searching for a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Winthrop Town to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area offers financing options. Solar loans greatly decrease upfront costs in most cases, but they also lead to paying more over time due to interest.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 the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
The final major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Winthrop Town, you’ll have lots of options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies keep up with them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric vehicle 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 | $17,788 | 12.5 years |
| 8 kW | $4.14 | $23,191 | $24,172 | 12.2 years |
| 10 kW | $4.06 | $28,420 | $30,784 | 12.0 years |
| 12 kW | $3.98 | $33,422 | $37,623 | 11.8 years |
| 14 kW | $3.90 | $38,196 | $44,689 | 11.5 years |
| 16 kW | $3.82 | $42,744 | $51,983 | 11.3 years |
| 18 kW | $3.74 | $47,064 | $59,503 | 11.0 years |
| 20 kW | $3.65 | $51,156 | $67,252 | 10.8 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be a challenge, we have some tips to help you, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases offer quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so be sure to peruse their list of offerings before making your decision.
- Installation Process: Make sure you’re on the same page with the company with regard to how the installation process will go and what needs to be done before your solar panels are installed, such as repairing your electrical system or roof.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Winthrop Town, MA Solar Cost FAQs
How much does it cost to install solar panels in Winthrop Town?
This is a hard question to answer precisely, because the cost depends on many 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. You can expect to pay more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Winthrop Town?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of 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.
Can solar panels significantly reduce my electricity bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout 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 check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Winthrop Town?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production will have decreased significantly after that point. You can choose to replace them after having them for that long or you can keep using them at a lower efficiency.
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.