Solar in Peabody, MA
With City of Peabody's electricity at about 16.9¢ per kWh and 1,303 kWh of sun per kW, solar is worth it for a typical Peabody home today: about a 12.2-year payback.
- Payback, typical home
- 12.2 yrsMassachusetts: 7.6 yrs
- 25-year net
- $31,513after paying $21,310
- Sun
- 1,303kWh per kW per year
- Electricity
- 16.9¢6% below U.S. average
A typical Peabody home, by the numbers
| Utility | City of Peabody |
|---|---|
| Electricity use | 716 kWh a month |
| Best-value system | 6.6 kW, about 15 panels, 8,598 kWh a year (100% of use) |
| Cost | $22,310, or $21,310 after state incentives |
| First-year savings | $1,390 |
| Payback | 12.2 years |
| Exported power | Full retail net metering (Massachusetts rule) |
Cash purchase, no federal credit, 4.0% yearly rate increases. Run it with your own numbers.
Homes in Peabody
- Owner-occupied homes
- 66%
- Single-family detached
- 51%
- Median home value
- $596k
- Median year built
- 1966
- Population
- 54,695
- Roofs suitable for solar†
- 85%
Census ACS 2020–2024. †Share of 12,368 buildings Google Project Sunroof rated technically suitable (2019 snapshot).
Older housing stock. Many homes here were built before 1975. Have the roof and electrical panel checked before signing; a roof or panel upgrade can add thousands. Roof first?
Installers working in Peabody
Public installation records for Massachusetts don't name installers, so we can't rank local companies here. Browse installers in Massachusetts.
Always verify the license and get at least three quotes. Compare quotes side by side.
Questions about solar in Peabody
Is solar worth it in Peabody, MA?
For a typical home in Peabody, solar is worth it at 2026 prices: a 6.6 kW system costs about $21,310 after state incentives, saves about $1,390 in year one and pays back in about 12.2 years. Enter your address for an estimate based on your roof and bill.
How much solar power does a system produce in Peabody?
About 1,303 kWh per year for each kW of panels on a south-facing roof, based on PVWatts and local weather. That's 1% more than the Massachusetts average. East- or west-facing roofs produce roughly 10–20% less.
Who is the electric utility in Peabody?
Most homes in Peabody are served by City of Peabody, at about 16.9¢ per kWh on average. Some areas are served by National Grid Massachusetts, Town of Danvers, Town of Reading.
How much do solar panels cost in Peabody?
A fair cash price is around $3.35 per watt before incentives, so about $22,310 for a 6.6 kW system. There's no federal tax credit for homeowners who buy in 2026.
Nearby
- Danvers 6.9 yrs
- Lynn 7 yrs
- Salem 6.7 yrs
- Saugus 7 yrs
- Wakefield 6.9 yrs
- Beverly 6.8 yrs
- Reading 7.2 yrs
- Melrose 7.2 yrs
- All of Massachusetts
Data: PVWatts (National Laboratory of the Rockies), EIA-861 2025 adjusted to 2026, U.S. Census ACS, LBNL Tracking the Sun, state policy research as of October 2026.