If you’re a Massachusetts homeowner thinking about solar panels, you’re not alone. Home solar power installation in MA has become very popular over the last decade, and for good reason. With some of the highest electricity rates in the U.S. and strong local incentives, going solar in Massachusetts can lead to serious savings. But just how much can you actually save? Our team at Sunday Energy is here to break it down for you.
Home solar power installation in MA will save you money, but how much? Let’s take a look at how you can save with solar.
Average Savings from Solar
Massachusetts homeowners pay around $0.30 per kilowatt-hour (kWh), which is well above the national average. The typical home uses about 600 to 800 kWh per month, meaning most households’ electric bills are $180 to $240 per month. Solar panels can offset most or even all of this cost.
A 5- to 7-kW solar system is standard for most homes and typically costs between $15,000 and $25,000 before incentives. But with state and federal tax credits, that number drops significantly.
Incentives That Boost Your Savings
- Federal Solar Tax Credit: This tax credit allows you to deduct 30% of your system cost from your federal taxes.
- SMART Program: The state pays you for the energy your panels produce through the Solar Massachusetts Renewable Target (SMART) program.
- Net Metering: If your system generates more energy than you use, the utility credits you for that extra power, lowering or even eliminating future bills.
After incentives, many Massachusetts homeowners break even in 6 to 8 years. Considering that panels last at least 25 years on average, that’s nearly two decades of effectively free electricity.
Long-Term Savings
Over the course of 25 years, the average homeowner can save between $30,000 and $45,000, depending on system size, electricity rates, and energy usage. Those who invest in a battery storage system can save even more by avoiding peak-rate charges and enjoying backup power during outages.
Home Solar Power Installation in MA | Sunday Energy
Home solar power installation isn’t just a way to go green. In MA, it’s a practical financial decision. With high energy costs and strong incentives, the real savings can be substantial. If you own your home and have good sun exposure, solar panels are definitely worth considering.