Solar Panel Cost Guide in Revere, MA (2024 Update)
- Revere Solar Installation Cost: $12,487
- 25-Year Savings: $16,971
- Payback Period: 12.0 Years
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Average Cost of Solar Panels in Revere
See how much it might cost to go solar in Revere.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Revere, the typical cost of solar panels is 4 per watt.The average solar panel system size in Revere is around 4.4 kilowatts, meaning a cost of about $12,487 for a solar installation, or $17,856 before the 0 federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar will differ based on your household energy consumption, the type of solar panels you want to get, your solar contractor and more.But, once you've paid the initial cost of installation, the ROI for most homeowners is typically fruitful, with a net average savings of about $22,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar panel company in Revere for a custom quote.
Solar savings over time in Revere
| Year | Return on Investment |
|---|---|
| 1 years | $-10,764 |
| 3 years | $-7,317 |
| 5 years | $-3,870 |
| 7 years | $-423 |
| 9 years | $3,023 |
| 11 years | $6,470 |
| 13 years | $9,917 |
| 15 years | $13,364 |
| 17 years | $16,811 |
| 19 years | $20,258 |
| 21 years | $23,705 |
| 23 years | $27,152 |
| 25 years | $30,598 |
Top Solar Installers in Revere
Although it's possible to install solar panels by yourself, it requires extra labor and knowledge. That's one of the reasons the majority of homeowners choose to hire a solar panel installer. The payback period of solar panels will vary depending on factors like your roof configuration and energy consumption, but working with a solar company can shorten it. Your provider will be able to help you identify incentives available in your area.
If you’d like to make the switch to solar but still aren’t certain which solar panel installer to go with, here are our recommendations for providers nearby:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Revere
Factors that Affect Solar Panel Costs in Revere
While the average cost of a solar system in Revere is $12,487, your final cost may be higher or lower than that. There are many factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power generation use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,060.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, higher efficiency could save you more over time on your electric bills. Additionally, add-on products, like solar batteries, can bump up your total well above the Revere average.
Solar Financing Terms
Most solar installers in Revere have solar loans, which reduce your upfront costs of installing solar panels.It’s a good idea to add the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you choose to install your solar panels can influence the cost. Revere’s solar companies all have different labor costs and add varying upcharges to equipment. The size of the company sometimes plays the most considerable role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower prices due to greater resources and bulk pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $17,788 | 12.5 years |
| 8 kW | $4.14 | $23,191 | $24,172 | 12.2 years |
| 10 kW | $4.06 | $28,420 | $30,784 | 12.0 years |
| 12 kW | $3.98 | $33,422 | $37,623 | 11.8 years |
| 14 kW | $3.90 | $38,196 | $44,689 | 11.5 years |
| 16 kW | $3.82 | $42,744 | $51,983 | 11.3 years |
| 18 kW | $3.74 | $47,064 | $59,503 | 11.0 years |
| 20 kW | $3.65 | $51,156 | $67,252 | 10.8 years |
How to Save on Solar Panels
Since the brand of solar panels and the installer you choose considerably impacts your costs and your system’s efficiency, production, and durability, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- 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 solid reputation and is qualified to do the job well. Another way you can look into your installer’s reputation is by reading reviews.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it thoroughly so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project completion timeline.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Revere, MA Solar Cost FAQs
What is the average cost of installing solar panels in Revere?
The average cost of solar panels in Revere is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Revere?
Solar panels aren’t free in Revere, 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 can further reduce the cost.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,184.08 per year.
How long do solar panels last in Revere?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount of energy production.
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.