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.

Solar Panels Massachusetts
Written by webtechs

Solar Panels Massachusetts 2020

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 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 $14,068 to $19,032, with the average gross price for solar in Boston, MA coming in at $16,550.”

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 $14,414. 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.