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
- Framingham, MA: $17,400
- Attleboro, MA: $17,100
- Milford, MA: $17,350
- Marlborough, MA: $17,750
- Blackstone, MA: $17,200
- Boston, MA: $17,950
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).”
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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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.
- 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
- Website: http://thesolarguyne.com/
- Phone: (401) 632-6871
- Hours: Monday – Saturday 7 am to 10 pm
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.
