Is solar worth it in 01103 (Springfield, MA)?

With an average payback period of 7.1 years and 25-year savings of $53,500, solar panels in Springfield, Massachusetts are an excellent investment.

How much do solar panels cost in 01103?

The average cost of a 6kW residential solar system in Springfield, Massachusetts is $15,200 before incentives. The federal 30% Investment Tax Credit reduces this to about $10,640.

How much solar electricity does 01103 get?

Springfield receives 4.27 kWh/m²/day of solar irradiance. A 6kW system in zip code 01103 produces approximately 7,481 kWh per year.

Solar Panel ROI in 01103

Springfield, Massachusetts — Is solar worth it here? Here's what the data says.

3.5x ROI Score

7.1 yrs Payback Period

$2,140/yr Annual Savings

$53,500 25-Year Savings

Your savings estimate

$ /mo bill

Annual savings $2,140

Payback 7.1 yrs

25-yr savings $53,500

Solar Calculator for 01103 (Springfield)

Adjust values to see your personalized solar ROI estimate for Springfield, Massachusetts.

System Size

System Cost

Electricity Rate

$ /kWh

Solar Irradiance

4.27 kWh/m²/day

Based on NREL data for Springfield, MA

ROI Score 3.5x

Annual Production 7,481 kWh

Annual Savings $2,140

Payback Period 7.1 years

25-Year Savings $53,500

After 30% ITC $10,640

Solar Data for 01103 – Springfield, MA

Solar Irradiance 4.27 kWh/m²/day -13.9% vs national avg

vs Massachusetts Avg +0.2% State avg: 4.7 kWh/m²/day

Electricity Rate $0.286/kWh Massachusetts average rate

Annual Production 7,481 kWh 6kW system estimate

Springfield gets 4.27 kWh/m²/day (13.9% below national avg) and electricity at $0.286/kWh. The 7.1-year payback represents a solid return — the federal 30% ITC further reduces costs.

Solar Incentives for Springfield, Massachusetts

★

Federal Investment Tax Credit (ITC)

Claim 30% of your system cost as a federal tax credit. On a $15,200 system, that's $4,560 back.

★

Net Metering

Most Massachusetts utilities offer net metering — sell excess electricity back to the grid at retail rates, accelerating your payback.

★

Massachusetts State Programs

Check with the Massachusetts energy office for additional rebates, tax exemptions, and low-interest solar financing programs available in Springfield.

01103 vs Massachusetts Average

Solar Irradiance

01103: 4.27 MA avg: 4.7

Payback Period

01103: 7.1 yrs MA avg: 6.8 yrs

Annual Savings

01103: $2,140 MA avg: $2,229

25-Year Savings

01103: $53,500 MA avg: $55,725

See the full Massachusetts solar guide for statewide data and incentives.

Nearby Zip Codes — Solar Comparison

06101 Hartford, CT 3.2x ROI 7.9 yr payback 06106 Hartford, CT 3.2x ROI 7.9 yr payback 06518 Hamden, CT 3.2x ROI 7.8 yr payback 06511 New Haven, CT 3.2x ROI 7.8 yr payback 02903 Providence, RI 3.4x ROI 7.4 yr payback