The cost of solar panels in Georgetown, MA (2024)

Updated Mar 15, 2024

  • You'll pay an average of $17,164 to install a 5 kilowatt solar panel system in Georgetown, MA, before incentives.

  • The federal investment tax credit (ITC) lowers that price by 30% of all your solar equipment and installation costs.

  • With EnergySage's competitive marketplace, you can expect to see prices up to 20% lower than if you work with a single company.

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Written by: Emily Walker

As of March 2024, the average solar panel system costs $3.43/W including installation in Georgetown, MA. For a 5 kW installation, this comes out to about $17,164 before incentives, though prices range from $14,589 to $19,739. After the federal tax credit, the average price drops by 30%.

Average price of a 5 kW solar panel installation in Georgetown, MA

Good Price
$14,589 or less
Market Average
$17,164
High Price
$19,739 or more

You'll probably pay even less than what we show here. It doesn't include the federal ITC or Georgetown, MA state incentives, which will lower this price by at least a few thousand dollars.

Your solar panel cost depends on your system's size

It may seem obvious but larger solar panel systems cost more money. We use cost per watt ($/W) so you can easily compare quotes, controlling for slight variations in system size.

While a 5 kW system will only cost you $17,164 in Georgetown, MA, doubling the system size effectively doubles the price, so you'll pay about twice that for a 10 kW system. The higher the price tag, though, the more you'll get back as a credit towards your federal tax bill.

Average solar cost by system size in Georgetown, MA

System Size
System Cost
System Cost (after ITC)
3 kW$10,298$7,209
4 kW$13,731$9,612
5 kW$17,164$12,015
6 kW$20,597$14,418
7 kW$24,029$16,821
8 kW$27,462$19,224
9 kW$30,895$21,626
10 kW$34,328$24,029

Are solar panels worth it in Georgetown, MA?

Solar panels are worth it in most areas, including Georgetown, MA. Certain factors, including the cost of electricity, incentives, climate, and the angle at which the sun hits your roof impact how quickly you break even on your investment relative to other areas around the U.S. 

If you pay for your system with cash, you'll save about $77,472 over 20 years on electricity costs with a 5 kW system in Georgetown, MA. We generate this estimate based on real solar quote data from our Marketplace. It considers your system's cost, the federal tax credit, and inflation rates.

Payback Period
6.98 Years
20-Year Savings
$77,472
Cost-per-Watt
$3.43

If you can't shell out $17,164 in cash to pay for solar, don't sweat it. You can choose to finance your system with a loan instead. Some companies even offer $0-down loans so you can start saving on day one if your loan payments are less than your current electric bills. Just keep in mind that your long-term savings will be lower with a loan due to interest rates.

Find out what solar panels cost in your area in 2024
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The numbers we're showing are averages. The price you'll pay for solar depends on many factors unique to you and your home:

If you're looking for solar companies in MA, here are some popular suggestions:

  • Great Sky Solar
    Arlington, MA
    Established 2012
    Elite+ Installer
    We are small by design, connected to our community, and hire the best people. We never subcontract any portion of...
    Elite+ Installer
    Screened & Verified

    We are small by design, connected to our community, and hire the best people. We never subcontract any portion of...
  • NuWatt Energy
    Multi-state
    Established 2010
    Elite+ Installer
    At NuWatt Energy, we strive to empower our clients by offering genuine energy independence and enhanced efficienc...
    Elite+ Installer
    Screened & Verified

    At NuWatt Energy, we strive to empower our clients by offering genuine energy independence and enhanced efficienc...
  • Future Energy Solar
    Multi-state
    Established 2015
    Elite Installer
    Schedule your in person appointment with us. Once you meet us you will see why homeowners go solar with us. We c...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    55 Reviews

    Schedule your in person appointment with us. Once you meet us you will see why homeowners go solar with us. We c...
  • ACE Solar
    North Andover, MA
    Established 2015
    Elite Installer
    Whether you’re looking for a small residential system, large scale commercial rooftop, ground mount, landfill, br...
    Elite Installer
    Screened & Verified
    5.0 /5.0
    33 Reviews

    Whether you’re looking for a small residential system, large scale commercial rooftop, ground mount, landfill, br...
  • SGE Solar (Second Generation Energy LLC)
    Milford, MA
    Established 2006
    Elite Installer
    We have a deep commitment to developing and maintaining healthy, productive relationships and place utmost import...
    Elite Installer
    Screened & Verified
    4.5 /5.0
    42 Reviews

    We have a deep commitment to developing and maintaining healthy, productive relationships and place utmost import...

Solar is a major purchase, but you can get the price tag to come down a bit by being an educated shopper. Taking advantage of incentives and rebates and shopping around for quotes can bring down your cost of solar in Georgetown, MA.

Take advantage of federal and local solar incentives

As long as your federal tax bill is high enough, you can take advantage of the federal tax credit in Georgetown, MA. This incentive allows you to apply 30% of your solar installation and equipment costs toward your federal tax bill. If the amount exceeds your tax bill, you can roll over the remaining credit to the following year. Many states also offer great local incentives and rebates.

Get quotes from multiple installers

Comparing multiple solar quotes can save you money through competition and transparency. Each additional quote you receive for solar will help you find the right solar panel system at the right price.

This is where EnergySage can help. With funding from the Department of Energy’s SunShot Prize, EnergySage opened the country’s first (and now the largest) marketplace for home solar panel installations. We gather custom solar quotes from local installers on your behalf and put them in an easy-to-compare format. When you compare quotes for solar panels on the EnergySage Marketplace, you can expect to see prices up to 20% lower than if you work with a single solar company.

Why shop with EnergySage?

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