Solar Panels in Peabody, MA

Peabody, Massachusetts residents are served by Peabody Municipal Light Plant, which charges $0.17 per kWh for residential electricity. This is 4% above the national average of $0.168/kWh. At this rate, a typical household using 900 kWh per month spends approximately $1,890 per year on electricity—money that could be going toward building equity in a solar system instead.

An 8 kW solar system in Peabody can offset most or all of a typical home’s electricity usage, saving approximately $1,680 per year. Over the 25-year lifespan of the system, that adds up to $61,252 in total savings. With Massachusetts state incentives of $320, the net system cost drops to $25,840, resulting in a payback period of just 15.4 years.

As a municipal utility, Peabody Municipal Light Plant sets its own rates and rebate programs independently, separate from Mass Save and ConnectedSolutions. Net metering is available, meaning excess solar energy you produce earns bill credits from Peabody Municipal Light Plant. Heat pump rebates of up to $1,500 are also available for Peabody homeowners.

The federal residential solar tax credit (Section 25D) expired at the end of 2025, making state and utility incentives more important than ever. NuWatt Energy installs solar panels, heat pumps, EV chargers, and battery storage directly in Peabody—no subcontractors or lead-selling middlemen. We handle every step from system design through Peabody Municipal Light Plant interconnection.