Solar Panel Cost Guide in Lenox, MA (2024 Update)
- Lenox Solar Installation Cost: $12,836
- 25-Year Savings: $15,438
- Payback Period: 13.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Lenox
Here’s how much it might cost to go solar in Lenox.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Lenox, the average cost of a solar system is 4 per watt.The average solar panel system size in Lenox is around 4.5 kilowatts, meaning a cost of about $12,836 for a solar installation, or $18,355 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The exact cost of going solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what installation company you go with.Even with the high upfront cost, the average Lenox homeowner can save around $21,000 on their electricity bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Lenox
| Year | Return on Investment |
|---|---|
| 1 years | $-11,113 |
| 3 years | $-7,666 |
| 5 years | $-4,219 |
| 7 years | $-772 |
| 9 years | $2,675 |
| 11 years | $6,122 |
| 13 years | $9,569 |
| 15 years | $13,016 |
| 17 years | $16,462 |
| 19 years | $19,909 |
| 21 years | $23,356 |
| 23 years | $26,803 |
| 25 years | $30,250 |
Top Solar Installers in Lenox
Trying to install solar panels by yourself can be a dangerous project, which is why getting a solar installer is a good option for many homeowners. Also, companies with a high reputation that cost more upfront could actually save you money in the long run because of their warranties, repair services and expert design.
If you’d like to start using solar energy but still aren’t sure which solar company to go with, here are our suggestions for providers in Lenox:
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
See all of the solar companies in Lenox
Factors that Affect Solar Panel Costs in Lenox
For many Lenox homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Lenox, with typical prices between $20,000 to $40,000. There are a number of factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s crucial to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs.The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your electric bills. In addition, extra products, like solar batteries, can bring your total well above the Lenox average.
Solar Financing Terms
Most solar companies in Lenox offer solar loans, which reduce your upfront costs of installing a solar system.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it’ll take to pay off the loan.
Solar Panel Installation Company
Finally, the company you choose to install your solar system can influence your pricing. Lenox’s solar companies all have different labor costs and add varying upcharges to equipment. The company’s size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.22 | $17,734 | $15,122 | 13.5 years |
| 8 kW | $4.14 | $23,191 | $20,618 | 13.2 years |
| 10 kW | $4.06 | $28,420 | $26,341 | 13.0 years |
| 12 kW | $3.98 | $33,422 | $32,291 | 12.7 years |
| 14 kW | $3.90 | $38,196 | $38,469 | 12.5 years |
| 16 kW | $3.82 | $42,744 | $44,874 | 12.2 years |
| 18 kW | $3.74 | $47,064 | $51,506 | 11.9 years |
| 20 kW | $3.65 | $51,156 | $58,366 | 11.7 years |
How to Save on Solar Panels
Since the type of solar panels and the company you choose has an impact on your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Different companies carry different brands and models of panels. If you know you want a specific brand, make sure the solar company you’re considering has it.
- Contract: Before signing a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you’re unsure about some of the terms, such as what the warranty covers and what services you can expect from them.
- Warranty: If you care about the longevity of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to align on any details you need to know with your solar installer, such as what permits you should secure and what the project timeline is.
Best Regional Coverage
Momentum Solar
- Great warranty coverage
- Representatives are experts on local policies
- Concierge service ensures steady communication
- Slightly limited service offerings
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
Best Social Impact
Palmetto Solar
- Expansive service area
- Makes charitable contributions
- Certified B Corp
- No leases or PPAs
- Quality of installation may vary by location
EcoWatch's Lenox, MA Solar Cost FAQs
How much does it cost to install solar panels in Lenox?
The average cost of solar panels in Lenox is about $20,300 for a 5-kW system and $40,600 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Lenox?
You can’t get solar panels for free in Lenox. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
How will installing solar panels impact my home value?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Lenox is currently $579,180, which means you could be looking at a value of about $23,746 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Lenox is a rewarding investment.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.