Solar Panel Cost Guide in Worcester, PA (2023 Update)
- Worcester Solar Installation Cost: $11,763
- 25-Year Savings: $16,626
- Payback Period: 10.4 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Worcester
Find out what the average cost of a solar system is in Worcester.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Worcester, the average cost of a solar system is 2.55 per watt. The average solar panel system size in Worcester is around 6.6 kilowatts, meaning a cost of about $11,763 for a solar installation, or $16,821 before the 30% federal solar tax credit is applied.
The actual price you pay can be higher or lower than the average in Worcester based on a variety of factors, such as the kind of solar panels you choose and the solar contractor you hire. But, once you've paid the initial cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $16,000 over 20 years on energy bills.
You can click the button below to get connected with a top solar company in Worcester for a quote for your home.
Solar savings over time in Worcester
| Year | Return on Investment |
|---|---|
| 1 years | $-10,628 |
| 3 years | $-8,356 |
| 5 years | $-6,085 |
| 7 years | $-3,814 |
| 9 years | $-1,543 |
| 11 years | $728 |
| 13 years | $2,999 |
| 15 years | $5,271 |
| 17 years | $7,542 |
| 19 years | $9,813 |
| 21 years | $12,084 |
| 23 years | $14,355 |
| 25 years | $16,626 |
Top Solar Installers in Worcester
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Hiring a solar panel installer can make swapping over to solar power much easier. Plus, if you're not certain what brand 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.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Worcester
Factors that Affect Solar Panel Costs in Worcester
For many Worcester homeowners, the decision to adopt solar energy rests on cost. However, the range of solar installation costs can be quite wide in Worcester, with typical prices between $20,000 to $40,000. There are a few factors that considerably influence the price you'll pay, which we'll go over below.
Solar Equipment
The size of the solar panel system you need for your household, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,550. The kind of solar panels and equipment you get is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment consists of more than just the solar panels themselves. You'll also need to consider 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's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Worcester homeowners decide to finance their solar panel systems to offset upfront costs. While solar loans make adopting solar energy more accessible for Worcester 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Worcester is the company you get to install your PV system. Similar to choosing a company to renovate your kitchen, for instance, you'll have many options for solar installers that provide a range of services for different budgets. Larger national companies typically have lower costs, but some local companies undercut 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 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 | $2.65 | $11,138 | $14,728 | 10.8 years |
| 8 kW | $2.60 | $14,566 | $19,922 | 10.6 years |
| 10 kW | $2.55 | $17,850 | $25,260 | 10.4 years |
| 12 kW | $2.50 | $20,992 | $30,740 | 10.1 years |
| 14 kW | $2.45 | $23,990 | $36,363 | 9.9 years |
| 16 kW | $2.40 | $26,846 | $42,129 | 9.7 years |
| 18 kW | $2.35 | $29,560 | $48,038 | 9.5 years |
| 20 kW | $2.29 | $32,130 | $54,090 | 9.3 years |
How to Save on Solar Panels
Since the kind of solar panels and the installation company you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: The model of solar panel you need to get plays a role in which installer you should go with, since different companies have access to different panels.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering that kind of warranty is one indication of a good company.
- Contract: Before signing a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to install your solar system. Another way you can check your installer's reputation is by reading reviews.
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 Worcester, PA Solar Cost FAQs
How much does it cost to install solar panels in Worcester?
The average cost of solar panels in Worcester is about $12,750 for a 5-kW system and $25,500 for a 10-kW system before the ITC, but the real 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 Worcester?
A solar panel system isn't free in Worcester, 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.
Do solar panels increase your home value?
Solar panels can increase your home value considerably as long as you buy or finance your panels and don't opt for 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 many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to account for their typical energy usage.
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.