Solar Panels Cost $2.8k-$14k in Berkshire County, MA | November, 2024
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How much do solar panels cost in Berkshire County, MA in 2024?
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In Berkshire County, MA, the cost per watt of solar is around $4.07 per watt in November, 2024.
Each 1 kW (1000 watts) of solar generation capacounty will require an investment of $4,070 for installation. You are able to come to this conclusion as a result of this rate price cost. With a 30% federal tax credit, the average expense for a 5 kW panel install in Berkshire County is approximately $14,245. Please consider, a 5kW system might not be sufficient to satisfy your energy needs.
To your left, you have the option to choose your county and view the average roof size along with the average maximum capacity for solar panel installations on homes in your area. Below, you can see an analysis of the price, payback period and 20 year average savings for a 5 kW system in your county.
Average out-of-pocket cost for a 5 kW system The upfront amount spent to buy and install solar.
Berkshire County: $14,245US Average: $12,523
Average Payback Period The number of years until you break even on the solar investment.
Berkshire County: 6 yearsUS Average: 7 years
Average Net 20-year savings The total amount of money saved over 20 years minus the out-of-pocket cost.
Berkshire County: $27,172US Average: $16,169
Solar Potential in Berkshire County
Estimated system size and solar electricity production per median viable roof in Berkshire County.
Roof size 483sq. ft.
Capacity 6.75kW DC
Electricity 7.3kkWh AC per yr.
Electricity Costs in Berkshire County, MA & What that Means for Your Solar Panel Pricing
The typical monthly electric bill for a Berkshire County energy consumer is 198.01, based on an average usage of 504 kWh. Keep in mind that apartments and smaller dwellings, which usually have lower energy needs, are covered in this number.
The mean rate for electricity in Berkshire County, MA during November, 2024 is 39.3¢ per kWh.
At this time, a 5 kW solar system is priced at $20,350, but the 30% federal tax credit lowers it to $14,246
Go Solar for less than your cell phone bill.
Average solar panel costs by system size in Berkshire County
Presented on the left and below is the cost analysis for different sizes of solar panel systems installed in Berkshire County. Larger solar installations have a greater cost, yet they also provide increased electricity savings and higher income tax credits.
The solar panel calculator, situated down and to the right, provides a detailed cost and benefit analysis based on a typical $198.01 electric bill for Berkshire County. If you want personalized results, change the $198.01 to your typical electricity bill amount.
System Size
Roof Size Min. space required
Electricity Value Annual Production
Est. Price
System Size 1kW
Roof Size Min. space required
72 ft²
Electricity Value Annual Production $555 a year
Est. Price
$2,849
Savings from a 1kWthis system
Est. yearly production 1,424 kWh
Est. monthly savings $46
Full payback in 1 years
Environmental Impacts
Reduces CO2 emissions by 0.54 tons a year
Equivalent to planting 25 trees a year
Equivalent to driving 1,346 mi less a year
System Size 2kW
Roof Size Min. space required
143 ft²
Electricity Value Annual Production $1,110 a year
Est. Price
$5,698
Savings from a 2kWthis system
Est. yearly production 2,847 kWh
Est. monthly savings $93
Full payback in 2 years
Environmental Impacts
Reduces CO2 emissions by 1.09 tons a year
Equivalent to planting 50 trees a year
Equivalent to driving 2,693 mi less a year
System Size 3kW
Roof Size Min. space required
215 ft²
Electricity Value Annual Production $1,666 a year
Est. Price
$8,547
Savings from a 3kWthis system
Est. yearly production 4,271 kWh
Est. monthly savings $139
Full payback in 4 years
Environmental Impacts
Reduces CO2 emissions by 1.63 tons a year
Equivalent to planting 75 trees a year
Equivalent to driving 4,039 mi less a year
System Size 4kW
Roof Size Min. space required
286 ft²
Electricity Value Annual Production $2,221 a year
Est. Price
$11,396
Savings from a 4kWthis system
Est. yearly production 5,695 kWh
Est. monthly savings $185
Full payback in 5 years
Environmental Impacts
Reduces CO2 emissions by 2.18 tons a year
Equivalent to planting 100 trees a year
Equivalent to driving 5,385 mi less a year
System Size 5kW
Roof Size Min. space required
358 ft²
Electricity Value Annual Production $2,776 a year
Est. Price
$14,245
Savings from a 5kWthis system
Est. yearly production 7,119 kWh
Est. monthly savings $198
Full payback in 6 years
Environmental Impacts
Reduces CO2 emissions by 2.33 tons a year
Equivalent to planting 107 trees a year
Equivalent to driving 5,761 mi less a year
Berkshire County Solar Panel Installation Incentives & Rebates | 2024
The REAP Grant offers substantial financial support, potentially covering 80% to 100% of the costs for rural businesses and agricultural operations to install photovoltaic or wind energy systems. Think you might be eligible? Verify your qualification with our REAP Grant eligibility tool.
Thanks to the 30% federal income tax credit, residential solar installations are accessible for most people, turning solar power a sensible investment in various states. Furthermore, a variety of state and local programs are available to encourage solar adoption.
There are 29 solar rebate and incentive initiatives currently offered in Massachusetts by various utilities and government bodies.
Solar incentives in MAIncentive Description Value
Concord Municipal Light Plant - Solar Photovoltaic Rebate Program
Value:Up to $3,125
Residential and business Concord Municipal Light Plant customers who install a new solar PV system on their property may be eligible for a rebate. The incentive amount will depend on system capacity. Both owned and leased systems qualify. To receive a rebate, the customer should include an installation agreement from a participating solar contractor and applications for grid interconnection. A CMLP representative will then visit the property to test and inspect the system. Additional information is available from the CMLP website.
Reading Municipal Light Department - Business Energy Efficiency Rebate Program
Value:Up to $25,000
Industrial and business customers of the Reading Municipal Light Department may be eligible for a variety of rebates on new energy-efficient equipment and improvement projects. Available programs and incentives will vary from time to time. Current offers include rebates on heat pumps, lawn/vegetation, lighting, and renewable energy generation (including special offers for solar PV. Improvement projects can be considered for rebates on a case-by-case basis; the owner will receive an incentive proportional to the size and savings impact of the project. Additional information is available from the RMLD website.
Commercial Solar Hot Water Rebate Program
Value:Up to $101,500
The Massachusetts Clean Energy Center is a state agency offering financial assistance to enable solar PV and thermal system ownership. Residential and commercial property owners may apply for a variety of loan or grant options. The Center also conducts and pays for feasibility studies on public, nonprofit, or agricultural properties. Feasibility study grants may be up to $5,000 for a single project with 5% cost-sharing. Applicants are limited to $50,000 in total grants paid. Grants may increase in value if they pertain to solar photovoltaics. The applicant's chosen solar contractor will complete CEC paperwork on their behalf. Additional information is available from the CEC website.
Chicopee Electric Light - Residential Solar Rebate Program
Value:Up to $12,000
Residential customers of Chicopee Electric Light who install new solar PV systems may be eligible for a rebate from the utility. The incentive amount depends on the system's rated capacity; the current rate is $1.20 per watt. At maximum, the rebate will cover $12,000 or half of the system's total purchase price and installation costs (whichever comes first). The system should be installed by a participating solar contractor and be interconnected to the grid. Additional information is available from the CEL website.
Residential & Small-Scale Solar Hot Water Program
Value:Up to $5,000
The Massachusetts Clean Energy Center is a state agency offering special rebates to enable solar thermal system ownership. Funding for the rebates comes from a surcharge on consumer energy bills. The incentive amount is determined by a standard equation that considers both the number of panels and the angle at which they are oriented. Solar Rating and Certification Corporation (SRCC) benchmarks for the system on a slightly overcast day of operation are also considered. Further rebates may apply if the customer participates in experience improvement or performance programs, or if they are within certain income brackets. Additional information is available from the CEC website.
Taunton Municipal Lighting Plant - Residential PV Rebate Program
Value:Up to $4,500
Single-family home customers of the Taunton Municipal Lighting Plant may be entitled to a rebate if they install a new solar PV system. Rebate amounts will vary depending on system capacity; customers will receive 60 cents per watt up to $4,500. TMLP effectively matches state rebates 1:1, meaning customers could earn a maximum overall incentive of $9,000. To apply, customers should provide proof of residency and purchase to TMLP and pay a $250 processing fee. Applications will be accepted on a first-come, first-served basis as annual state funding allows. Additional information is available from the TMLP website.
Hudson Light & Power - Photovoltaic Incentive Program
Value:Up to $5,000
Hudson residents who install new solar PV systems may be eligible for rebates from Hudson Light and Power. Eligible systems are divided into two "ranges" based on the orientation of the solar panels. A more ideal orientation will yield a higher incentive rate per watt. Currently, rebates top out at $6,000 for residential systems and $12,000 for commercial/industrial systems. To apply, the customer must seek preapproval from HL&P, including submitting cost estimates from their chosen solar contractor. Once preapproved, the customer has a one-year window to install the system and pass a final city inspection. Additional information is available from the Hudson website.
Excise Tax Exemption for Solar or Wind Powered Systems
Value:Varies
In Massachusetts, corporate excise tax exemptions may be available for wind or solar-powered water heating and HVAC systems. These systems would otherwise be assessed as tangible property. Once a taxpayer claims the exemption, they will not have to renew it for the length of their system's reasonable life, even as the system depreciates in value. Additional information is available from the Massachusetts Department of Revenue website.
Energy Reduction Plan for State Buildings
Value:Varies
A 2007 executive order established green construction and energy efficiency standards for new and existing Massachusetts government buildings. The underlying goal of the order was to cut state buildings' energy use by 35% by 2020 and reduce the government's carbon emissions by 80% by 2050. New state buildings at least 20,000 square feet in size should meet LEED energy efficiency standards and seek certification from both the US Green Building Commission and the Massachusetts Sustainable Design Roundtable. Smaller projects are only required to meet state standards and do not have to be formally LEED certified. Existing buildings should adopt a variety of energy efficient practices and procure ENERGY STAR certified appliances and lighting. Additional information is available from the MA SDR website.
PACE Massachusetts Financing
Value:Varies
The Solar Massachusetts Renewable Target (SMART) program will act as the successor to the state's solar renewable energy credit initiatives. Currently, per carve-out provisions of the renewable portfolio standard, utilities must accumulate a certain proportion of SRECs each year. Should a utility fail to meet the minimum carve-out quota, it may purchase credits at auction. Should it fail to meet the quota after the auction, it will be assessed an alternate compliance payment of $350 per watt deficient. Solar customers generate SRECs through the use of their system. While they maintain ownership of their SRECs, utilities must offer to purchase the credits through net metering or other tariff compensation contracts. Credit prices are subject to market forces, but the SREC auctions offered to utilities can provide stability. Additional information is available from the SMART website.
Interconnection Standards
Value:Varies
Massachusetts has adopted measures to standardize interconnection and distributed generation practices in the state. New renewable energy systems planned to link to the grid are sorted into one of three capacity tiers: Standard, Simplified, and Expedited. The names of these tiers allude to permitting procedures and review times. Customers wishing to interconnect an energy system rated for over 500 W must obtain preapproval from their city or county, a process separate from standard permitting procedures. Utilities may require energy systems to meet IEEE/UL certifications and have external disconnect switches ready to use if necessary. Customers are required to carry a minimum amount of liability insurance for their system. Interested customers should consult with their local government to determine specific standards.
Solar Renewable Energy Certificates (SREC-II)
Value:Varies
The Solar Massachusetts Renewable Target (SMART) program will act as the successor to the state's solar renewable energy credit initiatives. Currently, per carve-out provisions of the renewable portfolio standard, utilities must accumulate a certain proportion of SRECs each year. Should a utility fail to meet the minimum carve-out quota, it may purchase credits at auction. Should it fail to meet the quota after the auction, it will be assessed an alternate compliance payment of $350 per watt deficient. Solar customers generate SRECs through the use of their system. While they maintain ownership of their SRECs, utilities must offer to purchase the credits through net metering or other tariff compensation contracts. Credit prices are subject to market forces, but the SREC auctions offered to utilities can provide stability. Additional information is available from the SMART website.
Net Metering
Value:Varies
In Massachusetts, private utilities must offer net metering contracts to their renewable energy and distributed generation customers. Public or municipal utilities may offer net metering if they so choose. Under a net metering contract, interconnected renewable energy systems up to 10 MW in capacity will have a bidirectional meter installed to measure net excess generation (NEG) sent back to the grid. The utility will compensate the customer for both NEG and related renewable energy credits at a fixed avoided-cost rate. "Virtual" net metering arrangements are available for microgrid customers. NEG credits from the system's total generation will be proportionally allocated to each customer. Additional information is available from the customer's utility.
MuniHELPS - Offered by 17 Utilities through the MMWEC
Value:Varies
HELPS (Home Energy Loss Prevention Services) is a program managed by the Massachusetts Municipal Wholesale Electric Company. The program acts as an incentive program authority and "loss cushion" for eighteen municipal utilities that offer rebates on energy efficient equipment. By preventing financial losses from rebate disbursements, the utilities can safely and easily continue their own incentive offerings. HELPS representatives may also participate in energy audits to determine eligible projects for incentives. Additional information is available from the MuniHELPS website.
Cape Light Compact- Residential Energy Efficiency Rebate Program
Value:Varies
The Solar Massachusetts Renewable Target (SMART) program will act as the successor to the state's solar renewable energy credit initiatives. Currently, per carve-out provisions of the renewable portfolio standard, utilities must accumulate a certain proportion of SRECs each year. Should a utility fail to meet the minimum carve-out quota, it may purchase credits at auction. Should it fail to meet the quota after the auction, it will be assessed an alternate compliance payment of $350 per watt deficient. Solar customers generate SRECs through the use of their system. While they maintain ownership of their SRECs, utilities must offer to purchase the credits through net metering or other tariff compensation contracts. Credit prices are subject to market forces, but the SREC auctions offered to utilities can provide stability. Additional information is available from the SMART website.
Solar Massachusetts Renewable Target (SMART) Program
Value:Varies
The Solar Massachusetts Renewable Target (SMART) program will act as the successor to the state's solar renewable energy credit initiatives. Currently, per carve-out provisions of the renewable portfolio standard, utilities must accumulate a certain proportion of SRECs each year. Should a utility fail to meet the minimum carve-out quota, it may purchase credits at auction. Should it fail to meet the quota after the auction, it will be assessed an alternate compliance payment of $350 per watt deficient. Solar customers generate SRECs through the use of their system. While they maintain ownership of their SRECs, utilities must offer to purchase the credits through net metering or other tariff compensation contracts. Credit prices are subject to market forces, but the SREC auctions offered to utilities can provide stability. Additional information is available from the SMART website.
Holyoke Gas & Electric - Residential Energy Conservation Loan Program
Value:Varies
Residential Holyoke Gas & Electric customers may be eligible for special financing on new energy efficient equipment. What equipment is eligible may vary from time to time. Currently, loans can fund central HVAC, boilers, insulation/weatherization, windows, smart thermostats, and new solar or geothermal energy and thermal systems. The maximum available principal is $5,000 by default, but it raises to $10,000 if the project is solar in nature. Loans can be repaid over up to five years at 0% APR. HG&E services the loans themselves and payments will be made as a part of the customer's bill. Credit checks and energy audits may be required as part of the application process. Additional information is available from the HG&E website.
Renewable Energy Equipment Sales Tax Exemption
Value:Varies
In Massachusetts, new residential solar, wind, or geothermal energy devices which are directly involved in the production of power or heat are typically exempt from state sales tax. If a taxpayer owns multiple properties, only equipment at their primary place of residence will qualify for the exemption. Bay Staters wishing to file an exemption claim should submit form ST-12 (available from the MA Department of Revenue website) to their salesperson. The exemption can then be immediately applied to the purchase price.
Excise Tax Deduction for Solar or Wind Powered Systems
Value:Varies
In Massachusetts, corporate excise tax deductions may be available for wind or solar-powered water heating and HVAC systems. Deductions can cover the purchase price, installation costs, or operating costs incurred by purchasing and using the system. The only condition for a deduction to be granted is that the system must be used exclusively for business purposes. Once the credit is applied, the system will not qualify for any other tax incentives. Additional information is available from the Massachusetts Department of Revenue website.
Model As-of Right Zoning Ordinance or Bylaw: Allowing Use of Large-Scale Solar Energy Facilities
Value:Varies
Massachusetts communities are encouraged to enact "as of right" ordinances for owners of solar PV systems. Essentially, these ordinances would secure residents' and businesses' ability to install ground-mounted solar panels rated for larger capacities. A model ordinance is available from the state website which details suggested permit processes, fee schedules, setback requirements, interconnection guidelines, design requirements, and processes for special circumstances (for example, decommissioning of the panels.) The ordinance should also list conditions in which variances or exemptions might be warranted. Additional information is available from the Massachusetts Office of Environmental Affairs website.
Reading Municipal Light Department - Residential Renewable Energy Rebates
Value:Varies
Residential customers of the Reading Municipal Light Department may be eligible for rebates and local incentives on new solar photovoltaic systems. Incentive amount depends on the capacity of the system; the current rate is $1 per watt up to $2,000. RMLD effectively matches and exceeds state rebates of 60 cents/watt, allowing for a maximum rebate of $6,500. The program is funded annually with applications approved on a rolling, first-come/first-served basis. RMLD must pre-approve any rebate project, so interested homeowners should prepare and submit the application paperwork prior to purchasing their system. Additional information is available from the RMLD website.
Mass Solar Loan Program
Value:Varies
The Solar Massachusetts Renewable Target (SMART) program will act as the successor to the state's solar renewable energy credit initiatives. Currently, per carve-out provisions of the renewable portfolio standard, utilities must accumulate a certain proportion of SRECs each year. Should a utility fail to meet the minimum carve-out quota, it may purchase credits at auction. Should it fail to meet the quota after the auction, it will be assessed an alternate compliance payment of $350 per watt deficient. Solar customers generate SRECs through the use of their system. While they maintain ownership of their SRECs, utilities must offer to purchase the credits through net metering or other tariff compensation contracts. Credit prices are subject to market forces, but the SREC auctions offered to utilities can provide stability. Additional information is available from the SMART website.
Holyoke Gas & Electric - Commercial Energy Conservation Loan Program
Value:Varies
Business customers of Holyoke Gas & Electric may be eligible for special financing on new energy efficient equipment and improvement projects. Maximum principal varies depending on the project type. Eligible projects include HVAC/boilers/furnaces, insulation/weatherization, lighting, and solar PV systems/water heaters. Loans can be repaid over up to five years at 0% APR. HG&E services the loans themselves and payments will be made as a part of the customer's bill. Completed cost estimates from the customer's chosen contractor are required as part of the application process. Additional information is available from the HG&E website.
Massachusetts Green Power Purchasing Commitment
Value:Varies
Massachusetts has both a mandatory Renewable Portfolio Standard and a mandatory Clean Energy Standard. Public, municipal, and private utilities in the commonwealth are obliged to obtain a certain percentage of their energy from renewable sources. Quotas increase each year until 2029. The RPS covers new investments in solar, wind, geothermal, or other renewable energy farms. The CES covers existing energy facilities; "existing" is defined as those operating before the RPS was established. Certain "carve-out" provisions require utilities to utilize solar energy for at least a portion of their RPS compliance. Official documentation on each standard is available from the Massachusetts government website.
Renewable Energy Trust Fund
Value:Varies
At the same time Massachusetts established its Renewable Portfolio Standard, it also opened a public benefits fund to support public and private clean energy adoption. The Renewable Energy Trust Fund directly supports grants, financing, and customer rebates for solar, wind, biomass, hydroelectric, landfill/waste reclamation, and geothermal energy systems. The fund is supported by per-kilowatt hour surcharges on all customers of a private utility. Cooperatives or public utilities may collect surcharges voluntarily. The Massachusetts Clean Energy Center, which oversees the fund, submits annual reports on spending and compliance. These reports are available from the state website.
Renewable Energy Property Tax Exemption
Value:Varies
Solar, wind, and certain hydroelectric power and thermal systems in Massachusetts may be entitled to property tax exemptions. Exemptions last for 20 years and only apply to the value the system adds to the property. Systems that have additional purposes beyond the generation of energy (for example, maintaining structural integrity) do not qualify for an exemption; however, structural components of the system such as ducts or fans do qualify. Should the system be located in an Economic Opportunity Zone or Economic Target Area, tax incentives may be issued as a refund rather than an exemption. Property owners wishing to claim an exemption should contact their local assessor, as tax codes vary from county to county.
Mass Save - HEAT Loan Program
Value:Varies
The Mass Save HEAT program provides special financing to residential property owners to fund energy efficiency improvement projects. Currently, customers with National Grid, Eversource, the Cape Light Compact, Unitil, Columbia Gas, and Liberty Utilities qualify. Eligible projects for a Mass Save loan include central HVAC, heat pumps, windows, boilers, insulation/weatherization, and solar water heaters. The maximum available principal depends on the customer's utility, but will typically amount to $25,000. The loans can be repaid over up to seven years at 0% interest. Different terms and conditions may apply to low-income applicants. To apply, the customer should schedule an energy audit with their utility. Additional information is available from the Mass Save website.
Renewable Portfolio Standard
Value:Varies
Massachusetts first set a renewable portfolio standard in 2002 after establishing the framework in 1997. RPS regulations and compliance are handled by the Department of Energy Resources (DOER). Currently, at least 16% of retail energy generated in Massachusetts should be sourced from renewable means. Solar, wind, hydroelectric, biomass, landfill gas reclamation, and fuel cells qualify. "Carve out" regulations require the state's utilities to fulfill at least 1,600 MW of the standard using solar photovoltaics specifically. Compliance is measured through a renewable energy credit (REC) system pegging a certain wattage to a fixed dollar value. Solar renewable energy credits (SRECs) measure compliance with the solar carve-out regulations. Customers technically own the RECs and/or SRECs they generate, but utilities are required to purchase them through net metering contracts to fulfill their portion of the standard. Additional information is available through the DOER website.
Green Communities Grant Program
Value:Varies
NOTE: This program is no longer accepting applications as of winter 2017. Massachusetts legislators enacted the Green Communities Act of 2008 to support municipalities transitioning to clean energy or making energy efficiency improvements. The Green Communities program offered the full breadth of advisory services to community managers, including technical support for existing energy systems. Communities could also receive grants and other financial incentives to support new equipment and improvements. Interested jurisdictions were required to pursue Green Community certification, which involved creating energy savings goals, streamlining permit procedures, and establishing green building standards.
Are solar panels worth it in Berkshire County, MA?
If you're expecting to reside in your home past the solar system's payback period, solar panels are a smart decision in Berkshire County. Installing a 5 kW solar system in Berkshire County, MA will, on average, save you $33,277.4 over 20 years, and you can expect to break even in about 6 years.
The cost of not having solar panels in Berkshire County, MA
Without solar panels or another backup power source, you miss out on the savings highlighted previously and rely entirely on your electric utility for electricity. Recent media examples have revealed that complete dependence on your utility company isn't always the best condition.
Lately, the average number of utility outages per customer annually in Berkshire County has been about 0.66. Each outage, on average, lasts for 71.13 minutes. In the case of major events like planned maintenance, grid management errors or winter storms, this period can rise substantially.
Take a look at the component below to see the number of current electricity customers without power in Berkshire County.
Owning a solar panel system, with or without a backup battery, could reduce the pressure of any future outages you may experience.
Power Outages
Currently, 0 customers are being tracked in Berkshire County.
What impacts the cost of solar panels in Berkshire County, MA?
Your Energy Needs - With larger solar panel systems, the cost per watt declines, despite the greater upfront expense. Homeowners often realize that setting up a solar system that can cover their entire electric bill is advantageous, resulting in optimal savings.
Make & Model - Solar panels come in a range of makes and models. Considering the brand preferences that your installer may have, it's essential to select a reputable installer. For consumers desiring a better long-term experience, investing in superior quality makes and models is critical.
Solar Panel Type - For many good reasons, monocrystalline panels are now the standard in the industry. Even though they are pricier, they generate additional energy. Many installers utilize panels made from this material.
Your Property - Each property and home is one of a kind. Uneven ground, trees, or additional hindrances can increase the difficulty of installing solar panels. By using satellite images, the majority of solar installers nowadays can evaluate your home and incorporate these factors into the initial cost estimate.
Labor Rates - Employees are paid varied wages from different companies, and these costs are handed down to the consumers. Paying higher wages typically results in companies receiving better reviews for their work and customer service.
Permitting & Interconnection - Permitting and utility interconnection fees change locally and will influence your installation cost. Quality installers will factor these costs into your first quotes to prevent unexpected expenses.
See what solar panels cost in other Berkshire County cities
Solar systems for selling electricity back to the grid.
Berkshire County, MA Solar Panel Cost FAQs
The typical cost per watt for solar panels in Berkshire County, MA as of November, 2024 is $4.07/W. Post federal tax credit, a 5 kW solar panel system installation in Berkshire County, MA will roughly cost $14,245.
Right now, Massachusetts has 29 rebates and incentives available through a variety of utility companies and government entities. In addition, the 30% federal income tax credit is available to almost everyone.
Opting for cash payments results in the highest savings, but there are now numerous financing options for solar panels that are financially sensible. Many installers have partnerships with financing companies and will provide this information in your initial quotes.
Yes, in Berkshire County, MA, 5 kW solar panel systems typically pay off in 6 years, and users save around $33,277.4 in electricity costs over 20 years.