Solar Panel Cost Guide in Winthrop Town, MA (2024 Update)
- Winthrop Town Solar Installation Cost: $12,487
- 25-Year Savings: $30,598
- Payback Period: 12.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Winthrop Town
See how much it might cost to install solar panels in Winthrop Town.
While the national average of solar panels is $2.66 per watt, solar panels in Winthrop Town generally cost about 4.Using this figure, a typical 4.4-kW system would cost about $12,487 before the 0 federal solar tax credit is applied.
The true cost of your system can go above or below the average in Winthrop Town depending on several factors, such as the model of solar panels you choose and the solar contractor you hire.Even with the significant upfront cost, the average Winthrop Town homeowner can save about $22,000 on their power bills over 20 years, which is one of the benefits of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Winthrop Town
| 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 Winthrop Town
When making the switch to solar, many homeowners opt to use a solar installation company since installing solar panels yourself can be a difficult project. Another good thing about using a reputable solar installer is that it'll likely provide warranties and free repairs, which help protect your solar system over time.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Winthrop Town
Factors that Affect Solar Panel Costs in Winthrop Town
There are a number of factors that can play into your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your typical energy use.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, such as solar batteries, can bring your total well above the Winthrop Town average.
Solar Financing Terms
Many homeowners find the average cost of solar in Winthrop Town to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time because of interest.It’s wise to factor 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 how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies in Winthrop Town, and each can charge different amounts for labor and equipment.The company’s size sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of access 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 discount can bring their pricing lower to compete with bigger names.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years most likely offer good-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and model offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
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
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Winthrop Town, MA Solar Cost FAQs
How much does it cost to install solar panels in Winthrop Town?
The average cost of solar panels in Winthrop Town is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the actual cost will depend on things like the type of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Winthrop Town?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on where you’re located and the efficiency of your system. 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 Winthrop Town?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.