The Cost of Solar Panels in Massachusetts In 2023
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It’s an exciting time to go solar. According to the Solar Energy Industries Association (SEIA), solar costs have plummeted by 53% since 2010. It’s little wonder why interest in commercial and residential solar panels is off the charts—especially in Massachusetts, where solar is less expensive than the national average.
You might think a state known for hit-or-miss weather wouldn’t be ideal for solar, but SEIA ranked MA among the top ten states in the US for solar. In this guide, we’re going to explore what Massachusetts residents can expect from going green, from pricing to perks!
How Much Do Solar Panels Cost In MA?
The most recent industry data puts solar panel costs in MA within the $10,860 to $13,273 range, according to SolarReviews. Breaking that down on a per-watt basis, we’re looking at $2.59 to $3.16 per watt.
As of November 2022, solar panels in Massachusetts cost an average of $2.87 per watt, which is lower than the average $3.00 per watt typical of national solar panel costs. That means a typical 6 kW solar system in Massachusetts would cost $12,067 after you deduct the 30% federal solar tax credit.
Here’s a more specific breakdown of the cost of solar panels in MA by system size.
Don’t Forget the Solar Incentives
When pricing solar panels, it’s important to remember that the advertised cost isn’t necessarily what you’ll pay. To encourage more US residents to go green, the federal solar tax credit gives individual solar adopters a tax credit equal to 30% of their solar system and energy storage costs.
There are also incentives unique to Massachusetts, such as a $1,000 state tax credit applied to the total price of your system. You can speak to a state-licensed specialist for a personalized quote.
Finding the Right System for the Job
Of course, the type of system you buy has a big impact on the price. You probably noticed that solar systems are referred to by their kilowatt capacity, such as “a 5 kW system.” This simply means that a 5 kW system can reliably generate 5 kilowatts of power, befitting smaller homes of around 1,500 square feet.
For medium-sized homes of around 3,000 square feet, 10 kW systems are the norm. Meanwhile, larger homes around 4,500 square feet require systems in the 15 kW range. By “system,” we’re referring to a collection of solar panels, each of which provides around 150 to 350 watts.
Long story short, based on your square footage, you can estimate how many solar panels you need. But that isn’t the whole story. Your household’s annual energy usage is another key metric while determining your solar needs. You can typically find this information on your utility services bills or account.
Based on the annual kW usage you find, you can determine if you want to opt for a smaller system than your square footage would typically require — or you could upgrade to a larger system to enjoy more savings.
Starting Your Transition to Solar Energy
There’s no debating it: an investment in solar will pay you back in spades. From saving on utility costs to selling your excess solar energy to utility companies, it isn’t unusual for Massachusetts solar adopters to save tens of thousands of dollars over the next couple of decades.
Ready to get started?
The EcoGen America team has saved MA residents thousands on their solar energy solutions. Contact one of our solar experts for a free savings quote!
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The most recent industry data puts solar panel costs in MA within the $10,860 to $13,273 range, according to SolarReviews. Breaking that down on a per-watt basis, we’re looking at $2.59 to $3.16 per watt.
Of course, the type of system you buy has a big impact on the price. You probably noticed that solar systems are referred to by their kilowatt capacity, such as “a 5 kW system.” This simply means that a 5 kW system can reliably generate 5 kilowatts of power, befitting smaller homes of around 1,500 square feet.
For medium-sized homes of around 3,000 square feet, 10 kW systems are the norm. Meanwhile, larger homes around 4,500 square feet require systems in the 15 kW range. By “system,” we’re referring to a collection of solar panels, each of which provides around 150 to 350 watts.