Solar Panel Cost Guide in Bedford, NH (2023 Update)

  • Bedford Solar Installation Cost: $14,627
  • 25-Year Savings: $14,914
  • Payback Period: 14.6 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

Why you can trust EcoWatch

We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Bedford

Let’s take a look at the average cost of solar in Bedford.

The national average cost of solar panels is $2.66 per watt, but in Bedford it’s 4 per watt.Using this figure, a typical 5.0-kW system would cost about $14,627 before the 0 federal solar tax credit is applied.

These figures are just averages, and the cost of going solar for you will look different based on factors unique to your home and what company you choose to go with.But, after you've paid the upfront cost of installation, the ROI for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on energy bills.

To calculate your potential savings and connect with a local solar expert, click the button below.

Solar savings over time in Bedford

Year Return on Investment
1 years $-13,220
3 years $-10,406
5 years $-7,593
7 years $-4,779
9 years $-1,966
11 years $848
13 years $3,662
15 years $6,475
17 years $9,289
19 years $12,103
21 years $14,916
23 years $17,730
25 years $20,544

Top Solar Installers in Bedford

Many homeowners opt for a solar installer since installing solar panels on your own can be a labor-intensive endeavor. Plus, if you’d like to maximize your investment in solar power, going with a solar installer can help with that as well. Different providers can offer repairs, expertise on solar panel installation and sometimes even information on local incentives, rebates and net metering programs.

There are a number of licensed solar professionals that can help you install your solar panels. Here are our suggestions:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Bedford

Factors that Affect Solar Panel Costs in Bedford

The cost of installing a solar system in Bedford can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $4,220 per kilowatt in Bedford.The brand and kind of equipment you choose for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often come at a higher price 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 more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.

Solar Financing Terms

If paying for solar panels out of pocket is difficult, solar loans are an affordable route because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years.When estimating your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more upfront can lower the total interest paid over time.

Solar Panel Installation Company

The solar installation company you choose will affect your total cost to go solar. Different companies will bill different amounts for the equipment and labor.The size of the company sometimes plays the most considerable role in the cost. Larger national companies, like SunPro and Sunrun, often have lower pricing because they have access to greater resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.

Solar Panel Cost Data by System Size

System size Cost per system watt Solar system cost 25-Year savings Payback period
6 kW $4.39 $18,433 $11,861 15.2 years
8 kW $4.30 $24,105 $16,287 14.9 years
10 kW $4.22 $29,540 $20,950 14.6 years
12 kW $4.14 $34,739 $25,848 14.3 years
14 kW $4.05 $39,702 $30,984 14.0 years
16 kW $3.97 $44,428 $36,355 13.7 years
18 kW $3.88 $48,918 $41,963 13.5 years
20 kW $3.80 $53,172 $47,807 13.2 years

How to Save on Solar Panels

The solar company you opt for will impact not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, such as:

  • Solar Panel Brands: Different companies have various brands and models of panels. If you want a specific brand, make sure the solar installer you’re considering has it.
  • Reputation: Companies that have been operating for many years likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer support, such as part repairs and replacements.
  • Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, project timeline rebates and warranties.
  • Installation Process: When going solar, it’s necessary to keep an open line of communication with your solar panel installer. Confirm that you understand how the installation process will go and the completion timeline.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Bedford, NH Solar Cost FAQs

How much does it cost to install solar panels in Bedford?

This is a hard question to answer precisely, because the cost depends on a few different factors. Broadly speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.

What other factors should I consider other than cost when buying solar panels?

Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.

Do solar panels increase your property value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Bedford is currently $674,992, so you can expect a value of about $27,675 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Bedford is a rewarding investment.

How long do solar panels last in Bedford?

On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount of energy production.

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.

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