Solar Panels Cost Massachusetts
Written by Eric N

How Much Do Solar Panels Cost in Massachusetts?

As of Feb 2023, solar panels in Massachusetts cost about $17,550 with average prices for solar panel installation ranging from $14,918 to $20,182.

You could save as much as $52,296 in 20 years by installing solar panels in MA.

According to EnergySage, “As of January 2023, the average solar panel cost in Massachusetts is $3.51/W. Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Massachusetts ranges in cost from $14,918 to $20,182, with the average gross price for solar in Massachusetts coming in at $17,550

Disclaimer – This is not an actual quote. Contact The Solar Guy to get a quote for your solar project.

Average Cost of Solar Panels In Massachusetts

Solar panels in Massachusetts cost about $11,130 to $25,000 on average according to 3 different online sources.

According to EnergySage, “Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Boston, MA ranges in cost from $13,515 to $18,285, with the average gross price for solar in Boston, MA coming in at $15,450.

According to RealEstateBoston, “It costs between $18,000 and $25,000 to buy and install a 5.13-kilowatt system (the average in Massachusetts) before incentives.”

SolarReviews says, “As of Jan 2023, the average cost of solar panels in Massachusetts is $2.87 per watt making a typical 6000 watt (6 kW) solar system $12,067 after claiming the 30% federal solar tax credit now available.

Solar Panels Cost Per Watt In Massachusetts?

Solar Panels in Massachusetts cost about $2.87 to $3.26 per watt according to 2 of the top sources online.

SolarToThePeople says, “As of July 2019, the average cost of solar panels per watt in Massachusetts is $3.26 per watt.

EnergySage says, “As of Feb 2023, the average solar panel cost in Massachusetts is $3.51/W.”

Solar Panel Installation in Massachusetts is Cheaper Than You Think

Are There Any Solar Tax Credits In Massachusetts?

Yes you can save even more money on solar panels in Massachusetts with solar tax credits. According to Massave, “A federal tax credit allows you to deduct up to 26% of the cost of a solar panel system from your taxes, although this percentage will decrease in 2023. In Massachusetts, you can also receive 15% of the system cost as a credit against your state income tax, up to $1,000.

Do Solar Panels Increase Home Value in Massachusetts?

Yes, solar panels do increase home value in Massachusetts. One source says solar panels can add about $15,000 to a home’s value as long as you buy your system with cash or finance it to pay it off. Leasing solar panels can actually decrease the value of your home by up to 8% according to Alternative Energy, LLC.

MassRealEstateNews says, “For a solar energy system of standard size, this adds about $15,000 to the home’s value. It is important to note, however, that adding solar panels to your home does not always increase the value by the amount the system costs. Also if you have a leased system don’t expect any return at the sale price of your home.”

Free Solar Panels Massachusetts

With an accurately sized and priced installation, your solar system will produce power that reduces your electrical expenses. If you offset enough of your costs, within 6-10 years the system will produce enough money worth of power that exceeds the net cost of the purchased system. After it pays for itself, it will then continue to produce 20+ years. Since most utility companies raise their average rates 3-6% per year that means that each year the savings from solar power will increase exponentially.

According to BrightStarSolar, “Solar panels in Massachusetts are free in the sense that your solar payment will be lower than your energy costs right from the start. With Massachusetts electricity prices rising 18% in the past year, residents are looking for a lower cost alternative to their utility.”

Are Solar Panels Worth it in Massachusetts?

Yes, solar panels are absolutely worth it in Massachusetts because they don’t cost much to install and save you a lot of money. According to Energy Sage, “Over 20 years you can expect to save $52,296 by installing an average-sized solar system (assuming you pay upfront with cash).”

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Massachusetts Solar Panel Cost Factors

Installing solar panels in Massachusetts can be a great way to reduce your carbon footprint, save money on electricity bills, and take advantage of state and federal incentives. However, there are several cost factors to consider when planning a solar panel installation. These can include the cost of the panels and equipment, labor costs, permits and inspections, site preparation costs, interconnection fees, utility fees, maintenance costs, insurance costs, and financing costs. Understanding these costs can help you make an informed decision about whether solar panels are a good investment for your home or business.

  1. Cost of the solar panels – One of the main cost factors of installing solar panels in Massachusetts is the cost of the panels themselves. Solar panels can vary in price depending on the size, efficiency, and manufacturer.
  2. Cost of any necessary equipment or machinery – The cost of any necessary equipment or machinery, such as mounting systems or inverters, should also be considered.
  3. Labor costs for installing the panels – Labor costs can also be a significant factor in the overall cost of installing solar panels. The installation of solar panels typically requires specialized knowledge and skill, and hiring a professional team to handle the installation can add to the overall cost.
  4. Permits and inspections – Permits and inspections are another cost to consider. In Massachusetts, solar panel installations typically require various permits and inspections to ensure that they are installed safely and comply with local building codes. These costs can vary depending on the location and size of the installation.
  5. Site preparation costs – Site preparation costs can also be a factor in the cost of installing solar panels. This may include grading and leveling the site, removing any obstacles or debris, and preparing the area for the installation.
  6. Interconnection fees – Interconnection fees, which are fees charged by the utility company for connecting the solar panels to the grid, can also add to the overall cost. These fees can vary depending on the size of the installation and the policies of the local utility company.
  7. Utility fees for connecting to the grid – Utility fees for connecting to the grid can also be a cost to consider. In Massachusetts, some utility companies charge fees for using their infrastructure to connect the solar panels to the grid. These fees can vary depending on the size of the installation and the policies of the local utility company.
  8. Maintenance costs – Maintenance costs are another factor to consider. Solar panels require regular maintenance to ensure that they continue to operate at peak efficiency. This may include cleaning the panels, checking for damage, and replacing any worn or damaged parts.
  9. Insurance costs – Insurance costs can also be a factor in the overall cost of installing solar panels. In Massachusetts, it is typically recommended to have insurance to protect against any damage or accidents that may occur during the installation or operation of the solar panels.
  10. Financing costs, such as interest on a loan for the installation – Finally, financing costs, such as the interest on a loan for the installation, can also add to the overall cost. In Massachusetts, there are various financing options available for solar panel installations, including loans, leases, and power purchase agreements. The terms and interest rates of these financing options can vary, so it is important to carefully consider the costs and benefits of each option.

Top Solar Company in Massachusetts

The Solar Guys

Get a Free Solar Quote in Massachusetts

Get a free quote for solar panels in Massachusetts by giving The Solar Guys a call at (401) 632-6871 or by filling out our contact form. Our Massachusetts service area includes Framingham, Attleboro, Milford, Marlborough, Blackstone, and Boston, MA.

Solar Panels Massachusetts
Written by webtechs

Solar Panels Massachusetts 2023

Searching for Massachusetts solar companies to help with solar panel installation? The Solar Guys can help! Most people think that solar panels don’t work in Massachusetts, because of its diverse weather conditions. That couldn’t be further from the truth.

According to Mass.Gov, “the experts agree that Massachusetts is an excellent location for solar systems. This section describes the different types of solar energy and how they are used in Massachusetts. In addition, find out what solar programs and incentives are currently available for your home, business, or institution.”

How Much Do Solar Panels Cost in Massachusetts?

Solar Panels Cost Massachusetts

On average, solar panels in Massachusetts cost about $16,550 with average prices for solar panel installation ranging from $14,068 to $19,032 for 2023. According to EnergySage, “Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Massachusetts ranges in cost from $14,918 to $20,182, with the average gross price for solar in Massachusetts coming in at $17,550.”

Disclaimer – This is not an actual quote. Contact The Solar Guy to get a quote for your solar project.

The Average Cost of Solar Panels in Massachusetts

SolarReviews says the average cost of solar panels in Massachusetts after tax credits is about $12,067. Before-tax credits you can expect to pay about $3.25 per watt or $19,479 for a 6kW (6000 watt) solar system.

Solar Panel Installation in Massachusetts is Cheaper Than You Think

Residential Solar Panels Massachusetts

Residential Solar Panels Massachusetts

A residential solar system will produce all of the energy your home will need for the entire year. According to RivisionEnergy, “Most of the systems we design will meet close to 100% of a home’s needs in a given year. In the summer, you will tend to produce more power than you need and you will earn a credit.” It makes financial sense to install residential solar panels in MA.

Are Solar Panels Worth It in Massachusetts?

Yes, solar panels are absolutely worth it in Massachusetts because they don’t cost much to install and save you a ton of money. According to RealEstate, “The average Massachusetts household paying $100 a month for electricity can save an estimated $35,900 over the next 20 years — almost $1,800 a year — by purchasing and installing a rooftop solar system“.

Solar Power in Massachusetts

Solar power is growing fast in MA. According to WikiPedia, “Solar power in Massachusetts has been increasing rapidly, due to Section 1603 grants for installations that began before December 31, 2011,[2] and the sale of SRECs for $0.30/kWh,[3] which allows payback for the system within 5 or 6 years, and generates income for the life of the system.”

How Long Does it Take to Payoff Solar Panels in Massachusetts?

It takes about 5.69 to payoff solar panels in Massachusetts.

How Much Can Solar Panels Save in Massachusetts?

Solar panels can save the average homeowner in Massachusetts over $53,686 over the next 20 years. SolarEstimate says you can expect a lifetime savings of over $131,212 by installing solar panels in MA. This will help you level the cost of your energy production to 7 cents per kilowatt, compared to 55 cents in the future if you keep using utility power.

What Is The Average Cost Per Watt for Solar Panels in MA?

The average cost per watt for solar panels in MA is about $3.23 per Watt.

What Solar Incentives and Tax Credits Does Massachusetts Offer?

Massachusetts offers a 15% tax credit or $1,000 to help cover the cost of solar panels installation. The Federal Government will also help pay back the cost of solar with the Federal Investment Tax Credit (ITC) of 26% according to EnergySage.

Top Solar Company in Massachusetts

The Solar Guys

Get a Free Solar Quote in Massachusetts

Get a free solar quote in Massachusetts by giving The Solar Guys a call at (401) 632-6871 or by filling out our contact form. Our Massachusetts service area includes Framingham, Attleboro, Milford, Marlborough, Blackstone, and Boston, MA.

Are Solar Panels Worth It In Massachusetts
Written by billy

Are Solar Panels Worth it in Massachusetts?

Yes, solar panels are worth it in Massachusetts! Solar panels are cheap to install and save you a ton of money. According to RealEstate, “The average Massachusetts household paying $100 a month for electricity can save an estimated $35,900 over the next 20 years — almost $1,800 a year — by purchasing and installing a rooftop solar system, according to data from EnergySage, an online marketplace for solar-energy consumers”.

One of the main reasons why it is worth it to go solar in Massachusetts is that installing solar panels can significantly reduce your electricity bills. By generating clean, renewable energy from the sun, solar panels can provide a significant portion of your home’s energy needs, potentially reducing your reliance on grid-based electricity and lowering your monthly energy bills.

We try hard to keep people up to speed on the changes and trends that are happening within the solar industry but based on the state or even city that you are in, the solar market information could be broad. Below in these case studies, we are going to show what a solar market looks like for a few specific areas. If you do not see your state, keep checking back for new additions that we will be adding.

Massachusetts Solar Incentives & Tax Credits

Those who live in Massachusetts, just like other solar customers in the United States, they will be eligible for the Renewable Energy Tax Credit for installing rooftop solar energy systems by the federal government. This is about 30% of the cost of a solar system. That is a decent saving amount. There are some providers who claim this credit, which saves you plenty of time and paperwork when it comes time to file taxes. This will provide you the savings, and then there are some providers who will leave this for you to do.

According to Masscec,  besides the federal tax credit, you can be eligible for a personal income tax credit that is around 15% of any solar project that costs more than $1000. On top of that, rooftop solar systems in Massachusetts will be exempt from property tax and sales tax.

There are a lot more perks besides that too. There is a solar rebate program that has been exhausted by there are some utilities that will give you a rebate for switching to solar energy. This incentive could be around $2000 and up to $6000, so check with your utility provider to see if you would qualify.

How Much Do Solar Panels Save in Massachusetts?

Electric rates can be high, and there are many benefits to investing in solar energy, but the big question is just how much money you can save. The amount that you are going to save will be based on what solar system you get and what your electricity usage looks like. According to Solar Builder Mag,  the average home in Massachusetts can save $24,000 over 20 years once you purchase a solar energy system.

You may have some idea about how you can use savings like that. Not to mention that you just cannot put a price on knowing that your electricity is renewable and clean that will keep the air clean as well.

VivantSolar says, “the amount will vary based on the size of your system and your electricity use, but the average home in Massachusetts is projected to save about $23,000 over 20 years after purchasing a solar energy system.”

5 Reasons Solar Panels Are Worth It in Massachusetts

EnergySage says, “2015 was a big year for residential solar power for the USA. Massachusetts is going to be one of the states that leads the way as more and more Massachusetts homeowners and businesses discover the benefits of rooftop solar panels in MA.”

There are many reasons why solar energy is so popular for those who live in Massachusetts.

  1. Save Money. Solar energy can help you to save money on your electricity bill. The electricity rates are slowly increasing each year, and they are going to keep increasing by 3% to 5% every year. However, solar energy is declining. That means that using solar energy is a great way to cut down on the costs of your electricity, whether you go with a solar panel system or you use a power purchase agreement or solar lease. Solar energy can eliminate or reduce your electricity bills.
  2. Pays For Itself. Solar panels are a secure, high-yield investment. In Boston, it is rated #2 on the top cities that have invested in solar energy for the United States. If you have the money to do it, then purchasing a solar system is a great way to make your money work for you. The average solar system can pay for itself in 5 years to 8 years, with an internal rate of return that goes up to 22%. That is much better than your average stock investment, but it is much more secure. If you know that you cannot use cash to purchase it, then consider getting a $0 down solar loan, which can give you similar returns without having the upfront costs.
  3. Increase Home Value. A home with solar panels will sell for more. It does not matter if you purchase a solar system outright or if you financed it with a loan. You are going to save money on your electricity bills, and you are increasing your property value. There are a lot of studies that show that if you own a solar system it will add value to your home. A recent study that was released by Berkley National Laboratory has confirmed that this is a nationwide trend.
  4. Tax Credits. The state and federal subsidies are able to make switching to solar energy better. Even without the subsidies, solar is starting to compete with utility electricity rates. On top of the tax credit of 30% from the federal government, there are incentives from Massachusetts. There is a state-level tax credit of $1000 or 15%, whichever is greater and a solar net metering policy that states that your utility companies pay you a fair rate for your solar power. Then there is the Solar Renewable Energy Certificate which means that you get bonus cash each month for solar power, which is on top of what you save on your electricity bill.
  5. State Programs. In Massachusetts, there are several financial incentives and rebates available to help offset the cost of installing solar panels. The state offers a range of programs, including the Solar Massachusetts Renewable Target (SMART) program, which provides incentives for residential and commercial solar installations. These programs can help reduce the upfront cost of installing solar panels, making them a more affordable and attractive option.
  6. Reduce Carbon Footprint. Another benefit of solar panels is that they help reduce your carbon footprint and contribute to a more sustainable energy future. Solar energy is a clean, renewable resource that does not produce harmful emissions or pollutants, making it an environmentally-friendly option for generating electricity. By choosing to install solar panels, you can help reduce your reliance on fossil fuels and do your part to combat climate change.
  7. Low Maintenance. Solar panels are also a durable and long-term investment in your home’s energy efficiency. Once installed, solar panels require little maintenance and can last for decades, providing a consistent source of clean, renewable energy for your home. This means that you can enjoy the benefits of solar energy for many years to come, without the need for frequent repairs or replacements.
  8. Backup Power. They can provide a source of backup power during power outages or natural disasters. Massachusetts is prone to severe weather events, such as hurricanes and nor’easters, which can knock out power to homes and businesses. By installing solar panels, you can ensure that your home has a source of electricity even during times when the grid is down. This can provide peace of mind and ensure that you and your family have access to essential services during emergencies.
  9. Net Metering. One more reason why solar panels are worth it in Massachusetts is that they can help you take advantage of net metering policies. Net metering is a program that allows homeowners with solar panels to sell excess electricity back to the grid. This means that if your solar panels generate more electricity than you need, you can receive credits on your electricity bill for the excess energy that you supply to the grid. This can help offset the cost of your electricity even further and make your investment in solar panels even more worthwhile.
  10. Electricity Price Wont Go Up. One more reason why solar panels are worth it in Massachusetts is that they can provide a hedge against future increases in electricity prices. Electricity prices in the state have been rising in recent years, and this trend is expected to continue as demand for energy grows and the cost of fossil fuels increases. By installing solar panels, you can lock in a portion of your home’s energy costs and protect yourself against future price increases. This can provide long-term savings and help you budget more effectively for your home’s energy needs.

How Much Do Solar Panels Cost in Massachusetts?

Cost of Solar Panels MA

On average, solar panels in Massachusetts cost about $15,450 with average prices for solar panel installation ranging from $13,132 to $17,768 for 2021.

According to EnergySage, “Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Boston, MA ranges in cost from $13,515 to $18,285, with the average gross price for solar in Boston, MA coming in at $15,450.”

Disclaimer – This is not an actual quote. Contact The Solar Guy to get a quote for your solar project.

Solar panels in Massachusetts cost about $11,130 to $25,000 on average according to 3 different online sources.

According to EnergySage, “Given a solar panel system size of 5 kilowatts (kW), an average solar installation in Boston, MA ranges in cost from $13,515 to $18,285, with the average gross price for solar in Boston, MA coming in at $15,450.

According to RealEstateBoston, “It costs between $18,000 and $25,000 to buy and install a 5.13-kilowatt system (the average in Massachusetts) before incentives.”

SolarReviews says, “As of Dec 2020, the average cost of solar panels in Massachusetts is $2.87 per watt making a typical 6000 watt (5 kW) solar system $11,130 after claiming the 26% federal solar tax credit now available.”

Get a Free Solar Quote in Massachusetts

Get a free solar quote in Massachusetts by giving The Solar Guys a call at (401) 632-6871 or by filling out our contact form. Our Massachusetts service area includes Framingham, Attleboro, Milford, Marlborough, Blackstone, and Boston, MA.

See Also:

Solar Panels Cost for a 1500 Square Foot House
Written by Eric N

How Much Do Solar Panels Cost for a 1500 Square Foot House?

According to AlternativeEnergyLLC, “Solar panels for a 1,500 square foot house cost about $18,500, with average prices ranging from $9,255 to $24,552 in the US for 2021.”

According to Modernize, “Solar panel installation costs around $18,500 for a 6kW solar panel system for a 1,500 square ft. home and the price per watt for solar panels can range from $2.50 to $3.50. Residential solar panels are usually sized at 3kW to 8kW and can cost anywhere from $9,255 and $28,000 in total installation costs.”

Average Solar Panels Cost for a 1,500 Square Foot House

HomeGuide estimates that it will cost you about $8,032 with average prices ranging from $7,140 – $8,925 to install solar panels on a 1,500 sq ft house.

How Many Solar Panels Do I Need for a 1,500 Square Foot Home?

You need about 16 solar panels to cover your electricity needs for a 1,500 sq ft home.

According to Networx, “the typical home is approximately 1,500 square feet, with electrical costs of about $100 per month. Such a house generally needs about 16 panels to completely cover electrical power needs.”

How Much Do Solar Panels Cost Per Square Foot?

Solar panels cost about $7 per square foot, with average prices ranging from $4 to $10 per square foot according to one source.

HomeGuide says, “The cost of solar panels to power your house are $4 to $10 per square foot.”

Top Solar Company in Massachusetts

The Solar Guys

Get a Free Solar Quote in Massachusetts

Get a free quote for solar panels in Massachusetts by giving The Solar Guys a call at (401) 632-6871 or by filling out our contact form. Our Massachusetts service area includes Framingham, Attleboro, Milford, Marlborough, Blackstone, and Boston, MA.

Do Solar Panels Increase Home Value in Massachusetts
Written by webtechs

Do Solar Panels Increase Home Value in Massachusetts?

Do Solar Panels Increase Home Value in Massachusetts

Yes, solar panels can increase your home value in Massachusetts by up to 2%-3%. Whether solar panels increase your home value in Massachusetts or not all depends on whether you own or lease your panels, where you live, type of house, how much youR home is currently worth, and the amount of energy consumption you decide to cover.

According to Berkeley Lab, in partnership with appraisers, universities, and Sandia National Laboratories found that homebuyers are willing to pay more for homes with Solar Panels. On average, homebuyers are willing to pay about $4 per watt of solar installed. The study included various states and PV markets, housing, and home types. This means home buyers are willing to pay $15,000 more for a home that has solar installed on top of it.

On the other hand, choosing to lease solar panels will decrease your home’s value. A leased solar system can lower a home’s value by 3%-8% in Massachusetts. Always finance or pay cash for solar panels so you can increase the value of your home. Never lease solar panels as they can decrease your home’s value.

There are now more than 1.9 million solar installations in the U.S. according to SEIA. This number is up from 2017 where CNBC stated that there were only 1.3 million solar installations across the U.S. Get your system installed today!

According to MA Real Estate News, “For a solar energy system of standard size, this adds about $15,000 to the home’s value. It is important to note, however, that adding solar panels to your home do not always increase the value by the amount the system costs. In some circumstance solar panels can in fact make your home harder to sell.”

Are Solar Panels Worth it in Massachusetts?

Yes, solar panels are worth it in Massachusetts because they don’t cost much to install and save you a ton of money. According to RealEstateBoston, “Buyers definitely see their value. The US Department of Energy surveyed 4,000 homeowners with solar power and discovered that buyers were willing to pay roughly $15,000 more for a house that included an average-size system.”.