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Solar Panel Cost in Lowell, Massachusetts
Local pricing, savings, and net metering data for Lowell homeowners.
$1,460
Annual Savings
6.5 yrs
Payback Period
$9,492
Net Cost
$40,379
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Lowell
System Size
4.3 kW
Annual Production
5,252 kWh
Gross System Cost
$14,988
Federal Tax Credit (30%)
-$4,496
State Incentive
-$1,000
Net Cost
$9,492
Monthly Savings
$122
CO₂ Offset/yr
4,832 lbs
25-Year Savings Projection
Utility & Net Metering
Local UtilityEversource MA
Net Metering PolicyFull Retail
Compensation RateFull retail rate
Capacity LimitNo overall limit
Electricity Rate$0.278/kWh
Peak Sun Hours4.2 hrs/day
Available Incentives
30%
Federal ITC — Deduct 30% of your system cost from federal taxes. Available through 2032.
$1,000
Massachusetts State Incentive — Massachusetts offers a 15% state tax credit up to $1,000 plus SMART program.
Common Questions
How much does solar cost in Lowell?
Solar in Lowell, Massachusetts costs approximately $14,988 for a 4.3 kW system. After the 30% federal tax credit, your net cost is about $9,492.
What is the solar payback period in Lowell?
The estimated payback period for solar in Lowell is 6.5 years, based on a $150/month electric bill and local sun hours of 4.2 hrs/day.
Does Eversource MA offer net metering?
Eversource MA offers Full Retail net metering. Full retail rate.