Cost to Go Solar Panels in Massachusetts
If you’re considering going solar, Massachusetts offers incentives to homeowners who install solar panels. The state ranks behind only Rhode Island and Hawaii when it comes to electrical costs per kilowatt-hour. The Massachusetts program, Solarize Mass, aims to help residents reduce their utility bills by installing solar panels.
The total cost of installing solar panels is approximately $20,000. This price includes the installation, racking, and balancing system. A 6 kW solar installation costs between $3,204 and $3,972 in labor costs. This cost equals $0.53 to $0.66 per watt.
The federal government has offered a credit for ma solar panels installations in Massachusetts. This credit is up to 26% of the cost of solar panels. Other state and federal incentives are also available to lower the cost of solar installation. Massachusetts also offers solar power buyback programs. These programs help homeowners earn extra money.
How Much Does it Cost to Go Solar Panels in Massachusetts?
Another great way to finance your solar panels in Massachsetts is through the Solar Massachusetts Renewable Target (SMART) program. Under SMART, you will receive monthly payments for energy produced by your solar panels for ten years. You can apply to participate in this program through Boston Solar. The company will handle your application and make sure you get the best rate.
The cost of solar panels in Massachusetts varies depending on the size and type of the system you choose. An average 6000 watt system costs around $12,756. Even after the 30% federal solar tax credit, a solar installation in Massachusetts will cost between $14,620 and $19,780. However, this cost is just the gross price, and you’ll save thousands of dollars in energy costs over the life of the solar system.
In Massachusetts, most residents opt to go solar while still on the electrical grid. This way, they reduce their electricity bills while having a backup source in case of grid outages. Off-grid solar systems, on the other hand, provide all of their own energy.
Solar energy is becoming an increasingly popular option for homeowners and businesses looking to cut their energy bills and reduce their environmental impact. But if you are unsure about whether solar energy is right for you, there are several state programs available to help you lower the initial costs. If you choose to go solar, you’ll be on your way to becoming more energy independent, reducing your monthly bills, and supporting the local economy.
Several types of financing are available. Solar leases are an excellent option if you don’t want to pay a large down payment for solar panels. They allow you to pay for a solar panel system without a credit check, and monthly payments will likely be less than your current electric bill.
Before installing solar panels, you’ll need to get permission from your utility company. You’ll need to secure electrical and building permits and apply for incentive programs. Depending on the size and complexity of your system, this can take anywhere from a few weeks to a few months.