If you’re thinking about installing home solar panels, your first question is probably about cost.
Solar panels are an investment, but they aren’t as expensive as you might think. Solar installation costs have decreased significantly in recent years, and incentives like the 30% federal solar tax credit make solar panel installation in Massachusetts even more affordable.
Keep reading for a breakdown of solar installation costs in Massachusetts.
There are a few key factors that influence solar panel installation costs.
The average cost of a solar panel installation is around $3.00 per watt. That comes out to $30,000 for a 10 kW solar panel system, before taking the 30% federal solar tax credit into account. The solar tax credit brings the total cost down to $21,000.
It’s a good idea to research average solar panel costs before installing solar panels, but it’s important to remember that solar installation costs can vary significantly, even for houses in the same neighborhood. For the most accurate pricing information, schedule a free consultation with Boston Solar. We’ll review your electricity usage, analyze your roof, and provide a personalized estimate for your home solar installation.
Residential solar panels and battery storage systems are eligible for incentives that can reduce your overall costs.
The solar tax credit reduces your federal income tax liability by 30% of your solar panel and/or battery installation costs for the year you install your system.
Massachusetts residents can claim a state income tax credit in addition to the federal solar tax credit. The Residential Energy Credit is worth 15% of your solar installation costs, with a $1,000 maximum.
Boston Solar has been the leading Massachusetts solar company for over 12 years. We install high-quality solar energy systems at a fair price and offer flexible financing options, including solar loans and power purchase agreements. We are here to answer all your questions about solar panel costs and help you find a financing option that makes sense for you.