Solar Panel Cost Guide in Belmont, NH (2024 Update)
- Belmont Solar Installation Cost: $14,614
- 25-Year Savings: $16,723
- Payback Period: 13.6 Years
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Average Cost of Solar Panels in Belmont
Let’s have a look at the average cost of solar panels in Belmont.
Although the national average of solar panels is $2.66 per watt, solar panels in Belmont generally cost about 4.To cover the typical energy needs of the average home in Belmont, most homeowners require a 4.9-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,614, or $20,898 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll pay for solar may look quite different based on your household energy use, the type of equipment you want to get, your solar contractor and more.Many homeowners find going solar is a fruitful investment. The average homeowner in Belmont can save about $21,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar installation company in Belmont, you can click the button below.
Solar savings over time in Belmont
| Year | Return on Investment |
|---|---|
| 1 years | $-13,207 |
| 3 years | $-10,393 |
| 5 years | $-7,580 |
| 7 years | $-4,766 |
| 9 years | $-1,952 |
| 11 years | $861 |
| 13 years | $3,675 |
| 15 years | $6,488 |
| 17 years | $9,302 |
| 19 years | $12,116 |
| 21 years | $14,929 |
| 23 years | $17,743 |
| 25 years | $20,557 |
Top Solar Installers in Belmont
Do-it-yourself solar panel installation is a possibility, but it's an undertaking that can be a headache. Going with a solar panel installer can make your switch to solar power much easier. Local solar installers can also help you maximize your return on investment by assisting with any local incentives you can benefit from and by providing warranties and repairs.
There are a number of licensed solar professionals that can install solar panels for you. Here are our suggestions:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Belmont
Factors that Affect Solar Panel Costs in Belmont
Cost is often one of the most important factors for homeowners who want to invest in solar. There are a few primary factors that affect your total cost in Belmont: solar equipment and system size, financing options and the solar installation company you choose. We’ll go over each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar system in Belmont, one of the most important 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 consumption, which you can figure out by looking at past power bills. Your overall cost can increase by about $4,220 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 trusted 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 greater savings over time. Also, if you want additional equipment 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 costly, even if the investment pays off over time. Thankfully, nearly every solar company in the area provides access to financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time because of interest.You’ll have to consider the long-term cost of financing options, including the amount of interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining significant cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Belmont, you’ll have a great number of options to choose from, but each comes at different price points for labor and equipment.Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric car charger installation, they might be cheaper overall.
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 | $14,070 | 14.2 years |
| 8 kW | $4.30 | $24,105 | $19,233 | 13.9 years |
| 10 kW | $4.22 | $29,540 | $24,632 | 13.6 years |
| 12 kW | $4.14 | $34,739 | $30,268 | 13.4 years |
| 14 kW | $4.05 | $39,702 | $36,139 | 13.1 years |
| 16 kW | $3.97 | $44,428 | $42,248 | 12.8 years |
| 18 kW | $3.88 | $48,918 | $48,592 | 12.5 years |
| 20 kW | $3.80 | $53,172 | $55,173 | 12.3 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be difficult, we have some tips to help you, such as:
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you choose.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a good reputation and is qualified to get the job done well. Another way you can verify your installer’s reputation is by reading reviews.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
- Installation Process: Make sure you’re aligned with the company in regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 $21,100 for a 5-kW system and $42,200 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 use.
Can you get solar panels for free in Belmont?
Solar panels aren’t free in Belmont, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that you can take advantage of.
Do solar panels increase your home value?
Solar panels can increase the value of your home remarkably as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
What solar power system size is right for my home?
To figure out how many solar panels you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.