Solar Panel Cost Guide in Allenstown, NH (Mar 2023)
- Allenstown Solar Installation Cost: $10,144
- 25-Year Savings: $14,549
- Payback Period: 10.3 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Allenstown
Let's have a look at the average cost of solar panels in Allenstown.
In Allenstown, solar panels cost about 2.91 per watt on average. Because a 5.0-kW system is needed to cover the energy needs of a typical home in Allenstown, the average price of going solar will be about $10,144 after claiming the federal solar tax credit of 30%.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The actual cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what solar installer you go with. For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $19,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar company in Allenstown for a customized quote.
Solar savings over time in Allenstown
| Year | Return on Investment |
|---|---|
| 1 years | $-9,157 |
| 3 years | $-7,181 |
| 5 years | $-5,206 |
| 7 years | $-3,230 |
| 9 years | $-1,255 |
| 11 years | $721 |
| 13 years | $2,696 |
| 15 years | $4,672 |
| 17 years | $6,647 |
| 19 years | $8,622 |
| 21 years | $10,598 |
| 23 years | $12,573 |
| 25 years | $14,549 |
Top Solar Installers in Allenstown
Trying to put up solar panels yourself can be a time-consuming project, which is why hiring a solar installer is a good option for many homeowners. Some solar companies, particularly local ones, can help you take advantage of incentives in Allenstown, optimizing your ROI.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
See all of the solar companies in Allenstown
Factors that Affect Solar Panel Costs in Allenstown
For many Allenstown homeowners, the decision to adopt solar energy comes down to cost. However, the range of solar installation costs can be quite wide in Allenstown, with typical prices between $20,000 to $40,000. There are various factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Allenstown, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy consumption, which you can determine by looking at past electricity bills. Your overall cost can increase by about $2,910 for each additional kilowatt you need. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are offered by most installers in Allenstown, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's important to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installation company you choose will influence your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor. Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It's best to do some research and find a company that has the products, warranties and services you want and also fits within your budget.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $3.03 | $12,711 | $17,042 | 10.7 years |
| 8 kW | $2.97 | $16,622 | $23,048 | 10.5 years |
| 10 kW | $2.91 | $20,370 | $29,218 | 10.3 years |
| 12 kW | $2.85 | $23,955 | $35,550 | 10.1 years |
| 14 kW | $2.79 | $27,377 | $42,045 | 9.9 years |
| 16 kW | $2.74 | $30,636 | $48,704 | 9.7 years |
| 18 kW | $2.68 | $33,733 | $55,525 | 9.4 years |
| 20 kW | $2.62 | $36,666 | $62,509 | 9.2 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a challenge, we have some tips to help you, such as:
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on part replacement and repairs.
- Contract: Before you sign a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
Best Technology
Tesla Energy
- Price-match guarantee
- Sleek, efficient, and durable solar panels
- Best solar battery on the market
- Some reported issues with customer service
- Customer service varies by local dealer
EcoWatch's Allenstown, NH Solar Cost FAQs
What is the average cost of installing solar panels in Allenstown?
The average cost of solar panels in Allenstown is about $14,550 for a 5-kW system and $29,100 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the model of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Allenstown?
Leasing solar panels can be an attractive choice, as it commonly comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.
How much can I save on power bills after switching to solar?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $991.75 per year.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to get between 20 and 35 panels to cover their typical energy usage.
Our goal is to reach as many people as we can with sensible solutions like solar energy. Our team of full-time local researchers collects solar price and installation data for every city in America then compiles it to create these digestible city guides. If you want to read our solar expert's opinion on the top solar companies featured here, follow this link.
Company research was conducted by Melissa Smith and Karsten Neumeister. Local data analysis was conducted by James Savino. See something we missed or could do better? Email the editor.