Solar Panel Cost Guide in Woburn, MA (2023 Update)
- Woburn Solar Installation Cost: $9,179
- 25-Year Savings: $16,533
- Payback Period: 8.9 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Woburn
We go over average solar pricing in Woburn.
In Woburn, solar panels cost about 2.94 per watt on average. The average solar panel system size in Woburn is around 4.5 kilowatts, meaning a cost of about $9,179 for a solar installation, or $13,126 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar will differ based on your household energy use, the type of equipment you want, your solar contractor and more. With typical savings of about $22,000 on utility bills over 20 years, many homeowners in Woburn find installing solar panels can be quite rewarding.
To calculate your potential ROI and connect with a local solar expert, click the button below.
Solar savings over time in Woburn
| Year | Return on Investment |
|---|---|
| 1 years | $-8,150 |
| 3 years | $-6,093 |
| 5 years | $-4,036 |
| 7 years | $-1,980 |
| 9 years | $77 |
| 11 years | $2,134 |
| 13 years | $4,191 |
| 15 years | $6,248 |
| 17 years | $8,305 |
| 19 years | $10,362 |
| 21 years | $12,419 |
| 23 years | $14,476 |
| 25 years | $16,533 |
Top Solar Installers in Woburn
Trying to put up solar panels by yourself can be a difficult undertaking, which is why getting a solar installation company is a good option for many homeowners. Also, companies with a high reputation that are more expensive upfront could actually save you money in the long term due to their warranties, repair services and expert design.
You can work with a local solar installer to get a free estimate on the cost of solar panels for your home. Here are some nearby:
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 Woburn
Factors that Affect Solar Panel Costs in Woburn
Although the average cost of a solar system in Woburn is $9,179, your final cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay around $2,940 per kilowatt in Woburn. There are several different solar panel brands and the one you choose also affects the cost. In many cases, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you're looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be a challenge. Solar loans are provided by most installers in Woburn, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more accessible. You'll have to consider the long-term cost of loans, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The solar company you choose to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Woburn, and each can charge different amounts for labor and equipment. Larger national companies typically have lower costs, but some local companies undercut them by promoting 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 | $3.06 | $12,842 | $21,752 | 9.3 years |
| 8 kW | $3.00 | $16,793 | $29,331 | 9.1 years |
| 10 kW | $2.94 | $20,580 | $37,076 | 8.9 years |
| 12 kW | $2.88 | $24,202 | $44,985 | 8.7 years |
| 14 kW | $2.82 | $27,660 | $53,059 | 8.6 years |
| 16 kW | $2.76 | $30,952 | $61,297 | 8.4 years |
| 18 kW | $2.70 | $34,080 | $69,700 | 8.2 years |
| 20 kW | $2.65 | $37,044 | $78,268 | 8.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the company you choose greatly influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- 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.
- Solar Panel Brands: The brand of solar panel you want to get plays a role in which installer you should go with, since different companies have access to different panels.
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
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 Woburn, MA Solar Cost FAQs
What is the average cost of installing solar panels in Woburn?
The average cost of solar panels in Woburn is about $14,700 for a 5-kW system and $29,400 for a 10-kW system before the ITC, but the real cost will depend on certain factors like the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Woburn?
A solar panel system isn't free in Woburn, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Do solar panels increase your property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% with a solar installation."
How long do solar panels last in Woburn?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce 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.