{"id":10790,"date":"2023-04-19T17:53:35","date_gmt":"2023-04-19T17:53:35","guid":{"rendered":"https:\/\/www.solar.com\/learn\/?p=10790"},"modified":"2023-06-09T16:28:21","modified_gmt":"2023-06-09T16:28:21","slug":"5-reasons-solar-panels-are-worth-it-in-boston","status":"publish","type":"post","link":"https:\/\/www.solar.com\/learn\/5-reasons-solar-panels-are-worth-it-in-boston\/","title":{"rendered":"5 Reasons Solar Panels Are Worth It in Boston"},"content":{"rendered":"<p>New England may not jump out as a premier place for solar energy, but with robust incentives and some of the nation\u2019s highest electricity prices, there are plenty of reasons why solar panels are worth it in Boston.<\/p>\n<p>The great thing about home solar is that it doesn\u2019t matter if your primary concern is energy costs, carbon emissions, or backup power for grid outages: home solar addresses all of these issues at once.<\/p>\n<p>In this article, we\u2019ll explore five things that make solar panels worth it in Boston.<\/p>\n<ul>\n<li><a href=\"#incentives\">Robust solar and battery incentives<\/a><\/li>\n<li><a href=\"#prices\">High grid electricity prices<\/a><\/li>\n<li><a href=\"#outages\">Backup power for grid outages<\/a><\/li>\n<li><a href=\"#emissions\">Reducing carbon emissions<\/a><\/li>\n<li><a href=\"#value\">Increasing your home value<\/a><\/li>\n<\/ul>\n<p>Let\u2019s dive in with a closer look at why Boston\u2019s homeowners and businesses are investing in solar energy.<\/p>\n<p><a href=\"https:\/\/www.solar.com\/dashboard\" target=\"_blank\" rel=\"noopener\">Compare multiple solar quotes from trusted local installers.<\/a><\/p>\n<h2>Are solar panels worth it in Boston?<\/h2>\n<p>Yes, solar panels are absolutely worth it in Boston \u2013 for energy cost savings and many additional reasons.<\/p>\n<p>In fact, Boston\u2019s iconic Fenway Park was the first professional baseball stadium to install solar panels in 2008. Then in 2022 the Fenway Sports Group doubled-down on solar with a 300-panel installation on the roof of the <a href=\"https:\/\/www.prnewswire.com\/news-releases\/boston-solar-highlights-commercial-rooftop-solar-installation-at-mgm-music-hall-at-fenway-new-solar-power-system-is-expected-to-produce-158-766-kwh-of-renewable-energy-in-the-first-year-of-operation-301717527.html\" target=\"_blank\" rel=\"noopener\">MGM Music Hall at Fenway<\/a>.<\/p>\n<p>If solar can power Fenway Park, then why can&#8217;t it power your home? Here are five things that make home solar wortwhile in Boston.<\/p>\n<h3><a id=\"incentives\"><\/a>1) Massachusetts\u2019 offers robust solar and battery incentives<\/h3>\n<p>Massachusetts offers a handful of solar and battery incentives that reduce the cost and increase the savings of solar energy.<\/p>\n<p>In 2023, Massachusetts solar and battery incentives that apply to Boston include:<\/p>\n<ul>\n<li>A 15% state tax credit (Up to $1,000)<\/li>\n<li>A 30% federal tax credit (no limit)<\/li>\n<li>The Solar Massachusetts Renewable Target (SMART) program<\/li>\n<li>Sales and property tax exemptions for solar systems<\/li>\n<li>A strong net metering policy<\/li>\n<\/ul>\n<p>We explored these <a href=\"https:\/\/www.solar.com\/learn\/massachusetts-solar-rebates-incentives\/\" target=\"_blank\" rel=\"noopener\">incentives in depth in this article<\/a> and found that an Eversource customer in Boston could reduce the cost of a solar-only system by nearly 35% and reduce the cost of a solar and battery system by 42% (thanks to the <a href=\"https:\/\/www.solar.com\/learn\/massachusetts-smart-solar-program-complete-overview\/\" target=\"_blank\" rel=\"noopener\">SMART program<\/a> battery adder).<\/p>\n<table width=\"624\">\n<tbody>\n<tr>\n<td width=\"208\"><\/td>\n<td width=\"208\">6.5 kW solar-only system<\/td>\n<td width=\"208\">6.5 kW solar + 10 kWh battery<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"208\">Gross cost of system<\/td>\n<td width=\"208\">$26,000<\/td>\n<td width=\"208\">$40,285<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"208\">30% federal tax credit<\/td>\n<td width=\"208\">-$7,800<\/td>\n<td width=\"208\">-$12,085<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"208\">15% MA state tax credit<\/td>\n<td width=\"208\">-$1,000 (max amount)<\/td>\n<td width=\"208\">-$1,000 (max amount)<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"208\">10 years of SMART compensation<\/td>\n<td width=\"208\">-$241<\/td>\n<td width=\"208\">-$4,624<\/td>\n<\/tr>\n<tr>\n<td style=\"text-align: left;\" width=\"208\">Net cost of system<\/td>\n<td width=\"208\">$16,959<\/td>\n<td width=\"208\">$23,576<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>Massachusetts also has one of the most favorable net metering policies in the country, which, <a href=\"https:\/\/www.solar.com\/learn\/nem-3-0-proposal-and-impacts-for-california-homeowners\/\" target=\"_blank\" rel=\"noopener\">as your friends in California can tell you<\/a>, is worth locking-in before it goes away.<\/p>\n<h3><a id=\"prices\"><\/a>2) Boston has some of the nation\u2019s highest electricity prices<\/h3>\n<p>Perhaps the greatest reason that solar panels are worth it Boston is the huge potential for energy cost savings.<\/p>\n<p>At nearly <a href=\"https:\/\/www.bls.gov\/regions\/midwest\/data\/averageenergyprices_selectedareas_table.htm\" target=\"_blank\" rel=\"noopener\">39 cents per kWh<\/a> in March 2023, the Boston metro has some of the highest utility electricity rates in the country. Combined with solar incentives, sky-high utility rates make for quick payback periods for solar systems and some of the country\u2019s best energy cost savings.<\/p>\n<p>The chart below shows the cumulative cost of powering a home with a 6.5 kW solar system versus buying the same amount of electricity from a utility. Even with an extremely conservative inflation rate of 2% per year for grid electricity, home solar provides tremendous cost savings over the 25-year warrantied life of a solar system.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-medium\" src=\"https:\/\/assets.solar.com\/wp-content\/uploads\/2023\/04\/solar-vs-grid-boston.png\" alt=\"cost of solar panels vs grid electricity in boston\" width=\"2274\" height=\"1811\" \/><\/p>\n<p>While home solar is a no-brainer in the long run, the average stay in a home is around 13 years. So, how long does it take for solar panels to pay for themselves in Massachusetts?<\/p>\n<ul>\n<li>With a cash purchase, homeowners in the Boston metro can expect a payback period of around 4-5 years<\/li>\n<li>By taking out a solar loan, Bostonians enjoy immediate savings by replacing their utility bills with a lower payment for solar panels<\/li>\n<\/ul>\n<p>While taking out a loan front loads the savings, the interest payments eat in the long-term savings. Either way, solar panels are worth it in Boston for the energy cost savings alone, and it\u2019s important to recognize that solar panels give homeowners something that utility providers can\u2019t: Control over their essential electricity costs.<\/p>\n<gs-injectable background = 'true' border='true' primary_color = '#8b72d3' secondary_color='#f98d7e' utm_campaign = 'get_started_injectable' utm_medium='5 Reasons Solar Panels Are Worth It in Boston' content_texts = 'true' upper_text='Compare quotes from multiple' upper_text_span = 'trusted installers in Boston' lower_text='See how much solar could lower your' lower_text_span = 'energy costs' get_started_text='Get started' only_community_solar='false'><\/gs-injectable>\n<h3><a id=\"outages\"><\/a>3) Backup power for grid outages<\/h3>\n<p>One of the most attractive aspects of home solar is the prospect of having backup power for grid outages.<\/p>\n<p>In 2020, Massachusetts ranked 5th for the most major power outage events and 13th for the most outage duration hours. And in the first month of 2023, the Bay State experienced a 35-hour outage event due to a winter storm.<\/p>\n<table style=\"border-collapse: collapse; width: 100%;\">\n<tbody>\n<tr>\n<td style=\"width: 33.3333%;\">State<\/td>\n<td style=\"width: 33.3333%;\">Power outages<\/td>\n<td style=\"width: 33.3333%;\">Power outage duration hours<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%;\">California<\/td>\n<td style=\"width: 33.3333%;\">39<\/td>\n<td style=\"width: 33.3333%;\">414<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%;\">Texas<\/td>\n<td style=\"width: 33.3333%;\">31<\/td>\n<td style=\"width: 33.3333%;\">740<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%;\">Louisiana<\/td>\n<td style=\"width: 33.3333%;\">16<\/td>\n<td style=\"width: 33.3333%;\">697<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%;\">Maine<\/td>\n<td style=\"width: 33.3333%;\">12<\/td>\n<td style=\"width: 33.3333%;\">283<\/td>\n<\/tr>\n<tr>\n<td style=\"width: 33.3333%;\">Massachusetts<\/td>\n<td style=\"width: 33.3333%;\">12<\/td>\n<td style=\"width: 33.3333%;\">233<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"font-size: 10pt;\"><a href=\"https:\/\/www.eia.gov\/electricity\/monthly\/epm_table_grapher.php?t=epmt_b_1\" target=\"_blank\" rel=\"noopener\"><em>2020 power outage data from the US Energy Information Administration<\/em><\/a>.<\/span><\/p>\n<p>When combined with battery storage, <a href=\"https:\/\/www.solar.com\/learn\/how-long-can-a-battery-provide-power-during-an-outage\/\" target=\"_blank\" rel=\"noopener\">solar panels can power essential electrical systems<\/a> like refrigeration, hot water, device charging, and Wi-Fi for several days. And, it can also help kick on a natural gas furnace, which can be a game-changer during a winter storm outage.<\/p>\n<p>It\u2019s worth repeating that the SMART program has an \u201cadder\u201d specifically for solar systems with battery storage that\u2019s worth up to 4.87 cents per kWh for 10 years. that amounts to $483 per year and $4,383 over 10 years for a 6.5 kW solar system producing 9,000 kWh per year.<\/p>\n<h3><a id=\"emissions\"><\/a>4) Reducing carbon emissions<\/h3>\n<p>Many homeowners are motivated to install solar panels by a desire to reduce their carbon emissions, contribute to the clean energy transition, and set a good example for their friends, family, and neighbors.<\/p>\n<p>If that\u2019s the goal, then solar panels are well-worth it in Boston as more than 80% of Massachusetts\u2019 electricity was generated by burning fossil fuels in 2022. This includes the <a href=\"https:\/\/www.thecrimson.com\/article\/2003\/6\/4\/total-energy-to-total-disaster-at\/\" target=\"_blank\" rel=\"noopener\">controversial Medical Area Total Energy Plant<\/a> that\u2019s entirely surrounded by hospitals and medical buildings.<\/p>\n<p><img loading=\"lazy\" class=\"aligncenter size-medium\" src=\"https:\/\/assets.solar.com\/wp-content\/uploads\/2023\/04\/mass-electricity-generation.png\" alt=\"electricity generation in massachusetts\" width=\"1020\" height=\"716\" \/><\/p>\n<p>The life-cycle emissions of generating electricity from natural gas is around <a href=\"https:\/\/www.solar.com\/learn\/what-is-the-carbon-footprint-of-solar-panels\/\" target=\"_blank\" rel=\"noopener\">12 times greater than the lifecycle emissions of rooftop solar<\/a>, so powering your home with solar in Boston makes a meaningful impact on your carbon footprint.<\/p>\n<p>It\u2019s also worth noting that <a href=\"https:\/\/www.vox.com\/2016\/5\/4\/11590396\/solar-power-contagious-maps\" target=\"_blank\" rel=\"noopener\">home solar is contagious<\/a>, and by installing a rooftop solar system you can increase the odds that your friends and family members will do the same, further reducing carbon emissions and improving local air quality.<\/p>\n<h3><a id=\"value\"><\/a>5) Increased home value<\/h3>\n<p>The fifth reason why solar panels are worth it in Boston is <a href=\"https:\/\/www.solar.com\/learn\/do-solar-panels-increase-home-value\/\" target=\"_blank\" rel=\"noopener\">increased home value<\/a>. Studies by Zillow and the Lawrence Berkeley National Laboratory have shown that homes with solar panels sell faster and for more money than comparable homes without.<\/p>\n<p>Given Boston\u2019s incredibly high grid electricity prices, a home with a low, fixed electricity cost is an attractive investment \u2013 especially for millennial homebuyers that <a href=\"https:\/\/zillow.mediaroom.com\/2021-11-30-Earth-Tones-and-Eco-friendly-Features-Top-Zillows-2022-Home-Trends?mobile=No\" target=\"_blank\" rel=\"noopener\">highly value eco-friendly home features<\/a>.<\/p>\n<p>At the end of the day, solar panels are a home improvement project just like renovating a kitchen or laying new floors. With quick payback periods for solar panels in Boston, homeowners can enjoy energy cost savings while they live in the home and see a return on their investment when it\u2019s time to sell.<\/p>\n<h2>Boston is prime for home solar<\/h2>\n<p>From cost savings to cutting emissions, solar panels are worth it in Boston for several reasons. And it doesn\u2019t matter if you\u2019re laser-focused on reducing your energy costs or providing backup power for outages: a single home solar system serves many purposes at once.<\/p>\n<p><a href=\"https:\/\/www.solar.com\/dashboard\" target=\"_blank\" rel=\"noopener\">Team up with an Energy Advisor<\/a> to discuss your energy goals, compare multiple quotes from trusted installers in your area, and see how much you can save with a home solar system.<\/p>\n<h2>Solar panels in Boston FAQs<\/h2>\n<h3>Can solar panels work with AC?<\/h3>\n<p>Yes, solar panels can produce enough electricity to power an air conditioning unit and are a great way to reduce your utility costs during peak pricing in the summer. There may be times when a home solar system can\u2019t produce enough electricity to <em>entirely <\/em>power an AC, but in these instances you can pull electricity from the grid to make up the shortfall.<\/p>\n<h3>How long do solar panels last?<\/h3>\n<p>Modern solar panels are typically warrantied for 25-30 years and can last much longer. Solar panel warranties guarantee that the modules can achieve a certain level of output (usually 80-92%) after a certain period of time.<\/p>\n<p>However, it\u2019s important to note that the panels can continue to produce power well after the warranty period has expired. In fact, the first modern solar cell is 70 years old and <a href=\"https:\/\/solarmuseum.org\/cells\/first-modern-solar-cell\/\">still producing power in a museum<\/a>.<\/p>\n<h3>Do people really save money on solar panels?<\/h3>\n<p>Yes, homeowners across the US save money by powering their homes with solar panels \u2013 especially after the rapid utility electricity rate hikes of 2022.<\/p>\n<p>Electricity from a home solar system typically costs around 8 cents per kWh, whereas the national average price for grid electricity is around 16 cents per kWh (and well over 30 cents per kWh in Boston, San Francisco, and San Diego).<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New England may not jump out as a premier place for solar energy, but with robust incentives and some of the nation\u2019s highest electricity prices, there are plenty of reasons&#8230;<\/p>\n","protected":false},"author":51,"featured_media":10803,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":""},"categories":[46,2],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v19.5 (Yoast SEO v19.10) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>5 Reasons Solar Panels Are Worth It in Boston | Solar.com<\/title>\n<meta name=\"description\" content=\"High utility rates and a dirty electricity grid are just two of many reasons that solar panels are worth it in Boston.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.solar.com\/learn\/5-reasons-solar-panels-are-worth-it-in-boston\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"5 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