Solar Panel Cost Guide in Worcester, MA (Aug 2022)

  • Worcester Solar Installation Cost: $9,747
  • 25-Year Savings: $14,923
  • Payback Period: 9.9 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in Worcester

We break down average solar pricing in Worcester.

The average cost of a solar system in Worcester is $3 per watt. Using this figure, a typical 4.5 would cost about $9,747 before the federal solar tax credit is applied.

Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy needs, the type of equipment you want to get, your solar contractor and more. Even with the large initial cost, the average Worcester homeowner can save about $21,000 on their electricity bills over 20 years, which is one of the advantages of solar.

To see your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in Worcester

Year Return on Investment
1 years $-8,760
3 years $-6,786
5 years $-4,813
7 years $-2,839
9 years $-866
11 years $1,108
13 years $3,081
15 years $5,055
17 years $7,028
19 years $9,002
21 years $10,975
23 years $12,949
25 years $14,923

Top Solar Installers in Worcester

When making the switch to solar, many homeowners prefer to hire a solar company since handling can be a difficult project. Local solar companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by offering warranties and repairs.

If you'd like to make the switch to solar but still aren't certain which solar panel company to go with, here are our suggestions for providers in Worcester:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

See all of the solar companies in Worcester

Factors that Affect Solar Panel Costs in Worcester

There are many factors that can determine your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.

Solar Equipment Size

When it comes to estimating the price of a solar system in Worcester, one of the most crucial 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 usage, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,940 for each additional kilowatt you need. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bump up your total well above the Worcester average.

Solar Financing Terms

Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Worcester homeowners opt to finance their solar panel systems to make paying for solar more affordable. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.

Solar Panel Installation Company

The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of green energy solutions in Worcester, you'll have lots of options to choose from, but each comes at varying price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and go with the company that provides the products, warranties and services you're looking for and also is within your budget.

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 $13,576 $19,479 10.3 years
8 kW $3.00 $17,753 $26,321 10.1 years
10 kW $2.94 $21,756 $33,336 9.9 years
12 kW $2.88 $25,585 $40,525 9.7 years
14 kW $2.82 $29,240 $47,889 9.5 years
16 kW $2.76 $32,721 $55,426 9.3 years
18 kW $2.70 $36,028 $63,138 9.1 years
20 kW $2.65 $39,161 $71,023 8.9 years

Solar Incentives in Worcester

Name Solar Massachusetts Renewable Target (SMART) Program
Incentive Amount (Base compensation rate + compensation rate adders - greenfield subtractor) * total kWh generated - value of energy generated
Incentive Max The ceiling price for the competitive procurement to determine the base compensation rate was $0.17/kWh.
For systems 25 kW or less, the combination of a base compensation rate and adder may not exceed the base compensation rate for low-income projects less than or equal to 25 kW.
Website Visit here
More Info Click here

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Solar Renewable Energy Certificates (SREC-II)
Incentive Amount Varies, depending on market supply and demand
Incentive Max 2017 compliance year: Alternative Compliance Payment Rate is $350 per MWh (~$0.35 per kWh)
Website Visit here
More Info Click here

Name Renewable Energy Property Tax Exemption
Incentive Amount 100% exemption for 20 years
Incentive Max Not specified
Website Visit here
More Info Click here

Name Residential Renewable Energy Income Tax Credit
Incentive Amount 15%
Incentive Max $1,000
More Info Click here

Name Mass Solar Loan Program
Website Visit here
More Info Click here

Name MuniHELPS - Offered by 17 Utilities through the MMWEC
Incentive Amount Varies by utility
Incentive Max Varies by utility
Website Visit here
More Info Click here

Name Local Option - Energy Revolving Loan Fund
More Info Click here

Name Alternative Energy and Energy Conservation Patent Income Tax Deduction (Personal)
Incentive Amount 100% deduction
More Info Click here

Name Reading Municipal Light Department - Residential Renewable Energy Rebates
Incentive Amount MLP Solar Rebate Program: $1.20 per watt
Residential Renewable Energy Rebate Program: $1.00 per watt
Incentive Max MLP Solar Rebate Program: 50% of cost or $30,000, whichever is less
Residential Renewable Energy Rebate Program: $2,000
Website Visit here
More Info Click here

Name Renewable Energy Equipment Sales Tax Exemption
Incentive Amount 100% exemption
Incentive Max None
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:

  • Reputation: Companies that have been operating for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
  • Installation Process: Make sure you're aligned with the installer regarding how the installation process will go and what you need to do before your solar system is installed, such as updating or replacing your electrical system or roof.
  • Solar Panel Brands: Each solar panel brand and type has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
  • Warranty: Each company may offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.5

  • Great warranty coverage
  • Representatives are experts on local policies
  • Concierge service ensures steady communication
  • Slightly limited service offerings

Best Technology

The Green Panel

★★★★★
4.5

  • Price-match guarantee
  • Sleek, efficient, and durable solar panels
  • Best solar battery on the market
  • Some reported issues with customer service
  • Customer service varies by local dealer

EcoWatch's Worcester, MA Solar Cost FAQs

What is the average cost of installing solar panels in Worcester?

This is a difficult question to answer precisely, because the cost depends on a few different 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. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.

Is cost the most important consideration when buying solar panels?

Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

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 $1,101.84 per year.

How long do solar panels last in Worcester?

Even though 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 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.

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