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Best 5 Solar Companies in Malden, MA

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Written By Max Peterson | Last Updated: February 05, 2024

With Malden's clear skies and little rainfall, it's an ideal area for families and businesses seeking to harness the added sunlight. While embracing solar power comes with upfront costs, local homeowners could ultimately save $1,200 per kilowatt on their electric bills. A professional installer can help you select the best panels to maximize your savings. In this article, we'll show you Malden's best solar installers and offer suggestions for your company choice, so you can find the ideal one for your home.

Best High-Efficiency System
4.8
  • Builds custom, high-efficiency solar systems suited to each home
  • Extensive coverage area throughout the country
  • Offers energy storage and EV charger add-ons
Best Solar Panel Leasing
4.4
  • Provides system monitoring
  • Offers diverse financing options for various budgets
  • Provides EV and solar battery solutions
Best Solar Panel Installation
4.4
  • Offers 7 panel brand options
  • 25-year workmanship warranty
  • Offers battery options

Top Malden Solar Companies

Sunrun Fusion New England Logo

Sunrun Fusion New England

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4.7/5
Based on 16 customer reviews.

Services Offered

Solar Panel Upgrades Residential Panels

Highlights

  • Reliable customer support
  • Free quotes
  • Clear pricing policy
420 S Washington St Suite 6, North Attleborough, MA 508-372-8582 risolarexperts.com
EnergySage Logo

EnergySage

5/5
Based on 950 customer reviews.

Services Offered

Community Solar Projects Battery Storage Financing Assistance Tesla Powerwall Residential Panels

Highlights

  • Clear pricing policy
  • Free quotes
  • Informative resources
1 Center Plz, Boston, MA 888-838-4638 energysage.com
Boston Solar Logo

Boston Solar

5/5
Based on 11,000 customer reviews.

Services Offered

Financing Assistance Battery Storage Consultation Commercial Panels Residential Panels

Highlights

  • Reliable customer support
  • Informative resources
  • Free quotes
12 Gill St #5650, Woburn, MA 617-648-5601 bostonsolar.us
Brightway Energy Logo

Brightway Energy

4.7/5
Based on 21 customer reviews.

Services Offered

Commercial Panels Financing Assistance Battery Storage Residential Panels

Highlights

  • Informative resources
165 Middlesex Ave, Somerville, MA 617-906-6655 brightwayenergy.com

More Local Solar Companies

Team Sunshine Construction, LLC.

User Reviews: 4.7/5 

24 Spice St
Boston, MA 02129

Kind Heart Solar Solutions

User Reviews: 4.7/5 

59 Bowker St
Boston, MA 02114

GOSO Technologies

User Reviews: 4.7/5 

75 State St Suite 100
Boston, MA 02109

Future Energy Solar

User Reviews: 4.6/5 

5 Short St
Melrose, MA 02176

Great Sky Solar

User Reviews: 4.6/5 

29 Mill St
Arlington, MA 02476

Sunbug Solar

User Reviews: 4.5/5 

2A Draper St
Woburn, MA 01801

CommonWealth Energy

User Reviews: 4.4/5 

84 Newbury St
Peabody, MA 01960

NuWatt Energy

User Reviews: 4.2/5 

400 Tradecenter Dr Ste 5900
Woburn, MA 01801

Bright Home Solutions, Inc.

User Reviews: 4.7/5 

240 Andover St 2nd Floor
Wilmington, MA 01887

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Ranking Methodology

Our team has carefully researched dozens of solar providers near Malden, emphasizing the following criteria:

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Facts about Malden
Average Max Temp: 56°F
Solar Payback Period: 9.8 years
Average Daily Sunlight: 52%
Homes Powered by Solar: 5,388
Average Annual Energy Bill: $1,723
Solar Power per Capita Percentile: 48.0%

Expert Tips By

This Old House empowers homeowners with the knowledge and tools they need to tackle various projects and navigate the complexities of homeownership.

Benefits of Solar Energy

Solar energy offers several advantages that will enhance your home for years to come.

  • Reduced carbon footprint: Solar is the universe's most abundant clean energy source, meaning you can reduce or eliminate your home's dependence on "traditional" sources.
  • Better energy independence: Solar panels can keep your home running through blackouts and emergencies. You can use your solar energy anytime with an optional battery storage system.
  • Lowered energy bills: You can avoid the premium cost of grid-tied power by generating some electricity at home.

What Solar Incentives Are Available to Malden Homeowners?

Massachusetts homeowners who choose solar could qualify for special financing, reimbursements, tax credits and rebates. Here are just a few of the area's incentive programs.

Incentive Type: Property Tax Incentive

Website: in.gov

Incentive Amount:

Solar energy systems used for heating or cooling: out-of-pocket expenditures by the owner for the components and labor
Wind, hydroelectric, geothermal, solar thermal, solar PV, and other solar energy systems: the assessed value of the system

Incentive Type: Personal Tax Credit

Incentive Amount:

15%

Incentive Type: Sales Tax Incentive

Website: mass.gov

Incentive Amount:

100% exemption

Incentive Type: Industry Recruitment/Support

Incentive Amount:

100% deduction

Incentive Type: Rebate Program

Website: capelightcompact.org

Incentive Amount:

Appliances
Refrigerator and Freezer Recycling: $125
Electric Clothes Dryers: $50
Clothes Washer: $350
Dehumidifiers: $30
Room Air Purifiers: $40
Room Air Conditioner: $40

Heating & Cooling
Oil Heating System: Up to $800
Propane Heating Equipment: Up to $2,300
Oil Water Heater: Up to $400
Propane Water Heater: Up to $800
Heat Pump Water Heater: Up to $600
Central AC/Heat Pump: Up to $250/ton
Mini-Split Heat Pump: Up to $250/ton
Programmable Thermostats: Up to $25
WiFi Thermostat: Up to $100
Solar Domestic Hot Water heater: $500 - $1,500

Home Electronics
Advanced Power Strips: Varies

Home Insulation
Limited Time Enhanced Incentive: 75%
Year-Round Tenant Incentive: 100%
Enhanced Residential Program: 100%

Lighting
LEDs: Varies

Home Energy Assessment: Free

Incentive Type: Loan Program

Website: masssave.com

Incentive Amount:

$25,000 ($50,000 for some expanded HEAT offerings)

Incentive Type: Performance-Based Incentive

Website: masmartsolar.com

Incentive Amount:

(Base compensation rate + compensation rate adders - greenfield subtractor) * total kWh generated - value of energy generated

Incentive Type: Loan Program

Website: masssolarloan.com

Incentive Amount:

Maximum required: $35,000; maximum possible: $60,000

Incentive Type: Rebate Program

Website: masscec.com

Incentive Amount:

New GSHP Rebate: $2,000 per ton with adders to eligible applicants
Retrofit Existing GSHP Rebate: varies with installation costs

Incentive Type: Rebate Program

Website: masscec.com

Incentive Amount:

Standard Residential:
Pellet Stove: $1,000 - $1,750
Catalytic Woodstove: $750 - $1,250
Non-Catalytic Woodstove: $500-$1,250

Fully Automated Wood Stove: $1,500 - $1,750
Low-Income Residential:
Pellet Stove: $2,500 - $3,250
Catalytic Woodstove: $2,250 - $2,750
Non-Catalytic Woodstove: $2,000-$2,750
Fully Automated Wood Stove: $2,750 - $3,250

Incentive Type: PACE Financing

Incentive Amount:

Financing amount locally determined; 20-year financing term

Incentive Type: Solar Renewable Energy Credit Program

Website: mass.gov

Incentive Amount:

Varies, depending on market supply and demand

Incentive Type: Personal Tax Credit

Website: ecowatch.com

Incentive Amount:

30% federal tax credit for systems placed in service after 12/31/2021 and before 01/01/2033. Good for: solar water heat, solar photovoltaics, biomass, geothermal heat pumps, wind (small), fuel cells using renewable fuels.

How To Choose the Best Solar Company in Malden

Choosing a company is the first step toward a well-oiled and valuable solar energy system. Consider each of these criteria in your company search.

Licensing and Training

Massachusetts requires new solar PV systems in the Commonwealth to be installed by a licensed electrician and new solar water heaters to be installed by a construction supervisor. Solar installers can also pursue certificates from trade groups and standards organizations. The most prestigious ones in the industry come from the North American Board of Certified Energy Practitioners. Most company websites will prominently display earned credentials, but you should also ask your estimator for more information.

Cost of Solar Panels in Malden

Different solar panel types look and perform differently. Monocrystalline panels cost more than other options, but they generate the most power. Polycrystalline panels provide a lower price point but produce less power. Thin-film panels work well for small projects like RVs and sheds, but they're not ideal for larger installations due to their low performance.

Additional system add-ons, such as electric vehicle (EV) chargers and battery storage, will add to your overall costs. However, they might make your solar system more efficient and convenient to use. Not all solar companies provide these extras, so look for a provider that installs them if it's crucial for you.

If you're a resident of Malden and want a five-kilowatt solar energy system, you could plan to spend about $20,300 for parts and installation. Find more information on specific component and panel costs in the table.

Solar Panel Cost Average Cost
Solar Monocrystalline $1,241
Solar Polycrystalline $968
Thin-Film $566
Solar Battery $794
Solar Home EV Charger $2,978

Financing Solar Energy in Malden

There are a plethora of ways to pay for a new solar system, and the right one will minimize your overhead. A few of the most common options include leases, cash payments, loans, and power purchase agreements (PPAs). We suggest making a cash payment or using a solar loan for the best return on investment (ROI). Cash payments require a hefty sum up-front, but you’ll pay the least long-term by avoiding interest. You’ll also have full ownership of your system and can apply for solar incentives to minimize your total costs. Solar loans are another solid option if you don’t want to make a big initial investment. You can pay for your system in monthly installments while still enjoying energy bill savings and solar incentives. However, you’ll spend more in total due to accruing interest. Solar leases allow you to pay a monthly fee to rent your panels, while a power purchase agreement lets you pay a fluctuating rate based on only the energy you use. We generally advise against these options since you won't own your system and are disqualified from solar incentives, but they might be appropriate in certain circumstances. Ask each provider you're considering about the payment plans it offers. A team member can help you determine the optimal option for your budget.

The table below lists the average payback periods for different capacities of solar systems in Malden.

A 26% federal tax credit applies to recently-purchased solar equipment purchased through 2032. Extra incentives may be available through local governments, usually in the form of rebates and special financing programs.

Solar System Capacity Estimated Payback period
1 kW 2.0 years
2 kW 3.9 years
5 kW 9.8 years
10 kW 19.6 years

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Frequently Asked Questions About Solar in Malden

How much money could I save by going solar in Malden?

On average, Malden homeowners shell out around $1,723 per year for energy. Once you pay off your solar array, you could save $1,162.67 for every kilowatt you produce.

Is solar energy readily available in Malden?

Yes, solar energy is becoming increasingly popular in Malden. Some homes already generate solar power on-site or through utility grids, and they're supported by a state solar economy with 10400 job opportunities and counting.

Will a solar PV system boost my Malden home price?

Yes, solar energy systems will raise your property value. According to the National Renewable Energy Laboratory, for every dollar you save on energy bills, your home value increases by $20. So, if your panels save you $600 per year on energy costs, your property could appreciate $12,000.

How long does an average solar system last?

Today's solar systems are remarkably durable, lasting up to 25 years. Monocrystalline panels and other top-tier models tend to live longer than less expensive models.

How do I care for my new solar system?

To protect your solar system's efficiency, inspections and cleanings every six months are usually adequate. In dry or dusty seasons, your panels might need cleanings every few months. Your provider can recommend a maintenance schedule. Its team could also tackle the cleaning for you.

What is the average payback period for Malden solar panels?

The average payback period for a solar loan in Malden is 12.2 years. By paying off extra principal each month, you can shorten the payback period and own your system faster.

What are the signs I shouldn't use a particular solar company for my job?

While many online reviews are positive, even the top solar installers might have negative reviews. You should know these early red flags for the best chances of an exemplary job:
  • High-pressure sales tactics
  • Not being straightforward about cost, credentials and training, references and warranties
  • Inflexible options
  • Rushing through the site assessment
  • Limited customer feedback

How many estimates should I get before making a final solar company decision?

It's prudent to obtain at least three different estimates before committing to a single solar company. This allows you to evaluate product quality, warranty options, customer feedback, and pricing. It also helps you gauge a provider's reliability, knowledge and responsiveness, all of which are "green flags".

To share feedback or ask a question about this article, send a note to our Reviews Team at reviewsteam@thisoldhousereviews.com.

Sources