Cost of solar in Boston, MA

Electricity Consumption in Boston

Electricity Consumption by Massachusetts residents averages 627 kWh per month. It ranks #3 in the nation for savings from installing solar panels on the home.

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Solar power in Boston, Massachusetts

You can't get much luckier in Boston with solar incentives. Besides the 30% federal tax credit and net metering Massachusetts offers an array of incentives making solar more affordable than ever. Despite solar already being a no brainer there is also an excellent SREC market in Massachusetts. SREC's on a standard 5kW system in Massachusetts will put about $1,600 into your pocket every year.

The way SREC's work is that utilities are mandated by law to provide a certain percentage of their power from solar power. If utilities fail to provide enough SREC certificates to the government they are heavily fined. Each Solar Renewable Energy Credit (SREC) Is evidence of 1mWh of solar production and these certificates are purchased by your utility in order for them to meet their targets. Each SREC is worth about $250-$300 and with a 5kW system producing 6 SREC's per year that's about $1,600 in your pocket every year!

Even if you are not convinced about solar we recommend that at the very least you use the solar panel calculator to find out:

 

Estimate your solar savings

 

Solar power in Massachusetts

The average cost of installing residential solar panels in Boston, Massachusetts in 2018 is $3.68 per watt. The average system size in the US is 6 kilowatts, which means the average price of a solar system in Boston, MA is $18,400. (before claiming 30% tax credit and other rebates)

What does the cost of a real solar system look like?

Facts about installing a 2.43kW solar system in Boston, MA

This system would offset 100% of your energy usage if your typical monthly bill is $70, however your situation may vary so try our solar calculator to get a result tailored to you.

$6,189

Net cost of system
Cash - after 30% solar tax credit

4 Years 4 Months

Average payback time

2,745
kWh

Annual power production


/kWh

levilized cost of solar energy

55¢
/kWh

If you don't get solar
The forecast average utility price over the next 25 years

Cash flow graph based on cash purchase of this 2.43kW system

Life-time savings on this system over the next 25 years

$33,380

(Prices shown after repayments of capital)

 


 

Solar companies in Boston, MA that provide pricing through the Solar-Estimate marketplace

41

 


Solar calculator and quote comparison tool

Average total cost of solar panel installation in Massachusetts

System Size Cash purchase
After 30% solar tax credit
Financed purchase
After 30% solar tax credit
3kw $8,379 $9,049
4kw $10,892 $11,763
5kw $13,265 $14,326
6kw $15,456 $16,692
7kw $17,542 $18,945
8kw $19,488 $21,047
9kw $21,231 $22,929
10kw $22,890 $24,721

 

Design your own solar panel system for your home

Going solar in Massachusetts

Check out all of the ways energy providers of Massachusetts can help you be more energy efficient and save money.

The following programs are available:
Find your local rebates and incentives

Please keep in mind that the best source of up-to-date information on incentives are the solar installers who specialize in your area.