City of Peabody and solar
City of Peabody is a municipal utility serving about 22,697 homes in Massachusetts. Here's what its rates and export rules mean for solar: for a typical customer, solar is worth it.
- Average price (2026 est.)
- 16.9¢44% below Massachusetts average
- Typical bill
- $121716 kWh a month
- Exports credited
- RetailFull retail net metering
- Typical payback
- 12.2 yrs6.6 kW, cash
Export rules for City of Peabody customers
Full retail net metering (Massachusetts rule).
Massachusetts investor-owned utilities credit residential solar exports at close to the full retail rate (net metering credits), and credits roll over indefinitely. On top of that, the SMART 3.0 program pays a fixed per-kWh incentive for 20 years.
Solar for a typical City of Peabody home
| System | 6.6 kW (100% of 716 kWh/month) |
|---|---|
| Cost | $22,310, $21,310 after incentives |
| First-year savings | $1,390 |
| Payback | 12.2 years |
| 25-year net | $31,515 |
Uses the utility's average price.
Solar adoption
- Homes with solar (2025)
- 48
- Share of customers
- 0.2%
- Residential solar capacity
- 0 MW
- Residential customers
- 22,697
EIA-861, 2025.
Cities served
Questions about City of Peabody and solar
Does City of Peabody have net metering?
City of Peabody follows Massachusetts's rules: Massachusetts investor-owned utilities credit residential solar exports at close to the full retail rate (net metering credits), and credits roll over indefinitely. On top of that, the SMART 3.0 program pays a fixed per-kWh incentive for 20 years.
How much does electricity cost with City of Peabody?
Residential customers paid an average of 16.9¢ per kWh in 2025 (EIA), about 16.9¢ adjusted to 2026. The typical home uses 716 kWh a month, a bill of about $121.
Is solar worth it with City of Peabody?
For a typical customer, solar is worth it: a 6.6 kW system costing about $21,310 pays back in about 12.2 years, with $31,515 net over 25 years.
How many City of Peabody customers have solar?
About 48 homes had net-metered solar at the end of 2025, roughly 0.2% of residential customers (EIA-861).
Legal name: City of Peabody - (MA) (EIA ID 14605). Data: EIA-861 2025 and monthly data through 2026, state policy research October 2026.