Solar Panels Cost Massachusetts
Written by Eric N

How Much Do Solar Panels Cost in Massachusetts?

On average, solar panels in Massachusetts cost about $15,900 with average prices for solar panel installation ranging from $13,515 to $18,285 for 2020.

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 $15,900.”

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

Massachusetts Solar Panels Cost

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 $15,900.

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.”

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 December 2020, the average solar panel cost in Massachusetts is $3.18/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 2021.2 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.”

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.

Leave a Reply

Your email address will not be published. Required fields are marked *