GO SOLAR

Your Personalized Power Portal

98 Forest St

Peabody, MA , 01960

Search for another address

Your WattBuy Score

Energy Usage

723 kWh

CO₂ Emissions

506 lbs

Savings

$0

/mo

To see how much lower your bill could be, clicknext to the energy upgrades below

Your energy costs

Edit or upload bill

Electricity

$141

/mo

Heating

$52

/mo

Gasoline

$355

/mo

Total

$548

/mo

Your energy costs

Edit or upload bill

Total

$548

/mo

Electricity

$141

/mo

Heating

$52

/mo

Gasoline

$355

/mo

Savings

$0

/mo

To see how much lower your bill could be, tapnext to the energy upgrades below

Rooftop Solar

Enjoy renewable energy and lower your bill at the same time with rooftop solar. Rooftop solar systems use the sun's energy to generate electricity, which can help you to save money on your electricity bills and reduce your reliance on fossil fuels. Plus, with federal and state incentives available, installing a rooftop solar system can be a cost-effective investment that pays for itself over time. WattBuy has partnered with EnergySage to help you get the best deal on solar. Visit their website through the link provided to learn more about solar options for your home with zero commitment to buy anything.

The cost of solar in Peabody

Average solar panel installation

$22,444

Average monthly bill without solar

$141

Average monthly bill with solar

$0

Solar will pay for itself in

7 years
sunny

Got questions about solar?

Powered by WattBuy’s data & insights on energy usage, costs, incentives and more. Ask Sunny all your questions about solar panels, whenever you have them.

Ask Sunny anything (about solar)

Do you own your home?

Yes

No, I rent

Other WattBuy Recommendations for Your Home

Toggle each recommendation on and off to see its impact on your bill, energy usage, and carbon emissions.

EV Chargers

Estimated Savings

$276

Battery Backup

Understand Your Solar Numbers

Solar costs

The estimated cost to install solar at your house is $22,444. We calculated this because we think your electricity usage for the year is about 8680 kWh, and a 6.36 kW size solar system on your roof would replace 100% of your usage. We are using an estimated cost of $3.52/W, which we get from Tracking The Sun.

Current electricity costs

The current electricity costs for City of Peabody are 19¢/kWh. So, by replacing 100% of your usage, you’ll save $1,689 throughout the year. If the costs of electricity stay the same, then your savings will pay for your solar system in 8.79 years. If the costs of City of Peabody electricity rise 3%, then your savings will pay for your solar system in 8.53 years.

Solar production throughout the year

Solar installed at your house would generate different amounts of electricity during different months. We estimate that your production would vary from a high of 870 kWh in March, to a low of 490 kWh in December. For the entire year, we estimate that your 6.36 kW sized system would produce 8680 kWh.

Net metering and Incentives

You may be eligible for a state tax credit of 1,000, from the state of Massachusetts. The state of Massachusetts generally uses Retail Rate (fixed - R) for net metering. This means that when you produce more electricity than your house uses, the utility will pay you Retail Rate (fixed - R) for the extra electricity.

Solar in your area

From Department of Energy Data, it looks like 43 homes have installed solar panels in your zip code, 01960. In your city, Peabody, 43 homes have installed solar panels. And in the state of Massachusetts, 15,368 homes have installed solar panels.

Installers

There are 18 solar installers that operate in Massachusetts. WattBuy recommends EnergySage.

Available Incentives

Upfront Rebates

Geothermal Heat Pump

Who

Program

Value

Max

Likely

City of Peabody

2026 Heat Pump Rebate Program - Ground Source Heat Pump

$750/ton

$2,250

—

City of Peabody

2026 Heat Pump Rebate Program - Ground Source Heat Pump

Value

$750/ton

Max

$2,250

Likely

—

City of Peabody

2026 Heat Pump Rebate Program - Air Source Heat Pump

$500/ton

$1,500

—

City of Peabody

2026 Heat Pump Rebate Program - Air Source Heat Pump

Value

$500/ton

Max

$1,500

Likely

—

NextZero / MMWEC

Air Source Heat Pump Rebate (Whole Home)

$750/ton

$3,000

—

NextZero / MMWEC

Air Source Heat Pump Rebate (Whole Home)

Value

$750/ton

Max

$3,000

Likely

—

NextZero / MMWEC

Air Source Heat Pump Rebate (Partial Home)

$500/ton

$2,000

—

NextZero / MMWEC

Air Source Heat Pump Rebate (Partial Home)

Value

$500/ton

Max

$2,000

Likely

—

NextZero / MMWEC

Heat Pump Pool Heater Rebate

$250

—

—

NextZero / MMWEC

Heat Pump Pool Heater Rebate

Value

$250

Max

—

Likely

—

Ongoing Programs

Battery

Who

Program

Value

NextZero / MMWEC

NextZero Connected Homes Program - Battery Storage Grid Services

$30/month

NextZero / MMWEC

NextZero Connected Homes Program - Battery Storage Grid Services

Value

$30/month

Solar

Who

Program

Value

Massachusetts

Solar Massachusetts Renewable Target (SMART) 3.0

$0.03/kWh

Massachusetts

Solar Massachusetts Renewable Target (SMART) 3.0

Value

$0.03/kWh

How We Crunch the Numbers

1
We estimate every home's electricity usage based on data from a number of public and private data sources, including your electricity distributor and the Department of Energy.
2
We overlay key information about where you live, including weather and climate data about your region, and housing data like when your home was built and how big it is.
3
To figure out your home's carbon footprint, we look at how electricity is generated in your state, like whether your electricity is coming more from coal (very carbon-intensive) or wind (carbon-free).

Using this data-driven approach, we have created a machine learning model that can estimate electricity usage and carbon footprint for every home in the US. We then use this information to recommend the best options for you, so you can feel good that WattBuy is recommending something truly personalized.

Our electricity estimations are trusted by our partners at The Department of Energy's National Renewable Energy Laboratory, as well as many of the biggest consumer brands in the world.