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Solar Panel Cost in Springfield, Massachusetts
Local pricing, savings, and net metering data for Springfield homeowners.
$1,460
Annual Savings
7.5 yrs
Payback Period
$10,963
Net Cost
$38,907
25-Year Savings
Cost & Savings Breakdown
Based on $150/month electric bill in Springfield
System Size
4.9 kW
Annual Production
5,703 kWh
Gross System Cost
$17,090
Federal Tax Credit (30%)
-$5,127
State Incentive
-$1,000
Net Cost
$10,963
Monthly Savings
$122
CO₂ Offset/yr
5,247 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$0.256/kWh
Peak Sun Hours4 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 Springfield?
Solar in Springfield, Massachusetts costs approximately $17,090 for a 4.9 kW system. After the 30% federal tax credit, your net cost is about $10,963.
What is the solar payback period in Springfield?
The estimated payback period for solar in Springfield is 7.5 years, based on a $150/month electric bill and local sun hours of 4 hrs/day.
Does Eversource MA offer net metering?
Eversource MA offers Full Retail net metering. Full retail rate.