Solar Panel Cost Guide in Belmont, NH (2023 Update)
- Belmont Solar Installation Cost: $10,077
- 25-Year Savings: $16,723
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Belmont
See how much it might cost to go solar in Belmont.
In Belmont, solar panels cost about 2.91 per watt on average. The average solar panel system size in Belmont is around 5.0 kilowatts, meaning a cost of about $10,083 for a solar installation, or $14,419 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar panel system could cost. The actual cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy consumption and what installation company you go with. Despite the high upfront cost, the average Belmont homeowner can save about $21,000 on their power bills over 20 years, which is one of the perks of solar.
To receive a free quote from a pre-vetted solar company in Belmont, you can click the button below.
Solar savings over time in Belmont
| Year | Return on Investment |
|---|---|
| 1 years | $-8,670 |
| 3 years | $-5,857 |
| 5 years | $-3,043 |
| 7 years | $-230 |
| 9 years | $2,584 |
| 11 years | $5,398 |
| 13 years | $8,211 |
| 15 years | $11,025 |
| 17 years | $13,839 |
| 19 years | $16,652 |
| 21 years | $19,466 |
| 23 years | $22,280 |
| 25 years | $25,093 |
Top Solar Installers in Belmont
Although you can install solar panels by yourself, it involves extra effort and expertise. Because of that, most people choose a solar panel installer. Another perk of using a solar installer is that they can help you maximize your ROI by reducing your future costs of repairs and replacements with the help of warranties and giving you information on local incentives you can take advantage of.
If you'd like to start using solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers in Belmont:
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 Belmont
Factors that Affect Solar Panel Costs in Belmont
The cost of installing a solar system in Belmont can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar panel system in Belmont, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home's energy usage, which you can figure out by looking at past power bills. Your total cost can increase by around $2,910 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can increase or decrease 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 a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Belmont to be prohibitively steep, even if the investment pays off over time. Thankfully, nearly every solar installer in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in paying more over time because of interest. However, the interest on solar loans also increases your overall costs, so it's important to take that into consideration as well. You can always lower the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you choose will affect your total cost to make the switch to solar energy. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Belmont have more knowledge about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $19,793 | 9.8 years |
| 8 kW | $2.97 | $16,622 | $26,716 | 9.6 years |
| 10 kW | $2.91 | $20,370 | $33,802 | 9.4 years |
| 12 kW | $2.85 | $23,955 | $41,052 | 9.2 years |
| 14 kW | $2.79 | $27,377 | $48,464 | 9.0 years |
| 16 kW | $2.74 | $30,636 | $56,039 | 8.8 years |
| 18 kW | $2.68 | $33,733 | $63,777 | 8.6 years |
| 20 kW | $2.62 | $36,666 | $71,679 | 8.5 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose has an impact on your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years most likely provide quality solar panel installation and expertise.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and energy efficiency. They will come at different costs as well. The company you choose has an impact on which solar panel brands you have access to.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
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 Belmont, NH Solar Cost FAQs
How much does it cost to install solar panels in Belmont?
The average cost of solar panels in Belmont 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 like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Belmont?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most financial benefits from going solar.
Can solar panels significantly reduce my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on where you're located 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 $1,083.45 per year.
How many solar panels do I need to power my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.