Solar Panel Cost Guide in Boscawen, NH (2023 Update)
- Boscawen Solar Installation Cost: $10,144
- 25-Year Savings: $15,200
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Boscawen
Find out how much it might cost to install solar panels in Boscawen.
The average cost of a solar system in Boscawen is 2.91 per watt. Because a 5.0-kW system is needed to cover the energy usage of a typical home in Boscawen, the average price of going solar will be about $10,144 after claiming the federal solar tax credit of 30%.
These figures are just averages, and the cost of going solar for you will most likely vary based on your specific situation and what company you choose to go with. For many homeowners, the upfront investment in solar is worth paying. On average homeowners in Boscawen see about $19,000 in savings on energy bills over 20 years.
To see your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Boscawen
| Year | Return on Investment |
|---|---|
| 1 years | $-9,130 |
| 3 years | $-7,103 |
| 5 years | $-5,075 |
| 7 years | $-3,048 |
| 9 years | $-1,020 |
| 11 years | $1,007 |
| 13 years | $3,035 |
| 15 years | $5,062 |
| 17 years | $7,090 |
| 19 years | $9,117 |
| 21 years | $11,145 |
| 23 years | $13,172 |
| 25 years | $15,200 |
Top Solar Installers in Boscawen
DIY solar panel installation is a possibility, but it's an undertaking that can use up a lot of your time and energy. Using a solar company can make your switch to solar power much easier. Companies can also have access to a large variety of the best solar panels and help you pick which one will be right for you.
If you're looking for a solar company in Boscawen, the EcoWatch team has compiled a list of our top suggestions here:
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 Boscawen
Factors that Affect Solar Panel Costs in Boscawen
For many Boscawen homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Boscawen, with typical prices between $20,000 to $40,000. There are numerous factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are many different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also cost more. Plus, the type of equipment you want to install can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Boscawen homeowners opt to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also adds to your total costs, so it's vital to consider that as well. You can always bring down the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Boscawen, and each can charge different amounts for labor and equipment. Additionally, some companies in Boscawen are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save 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 | $17,826 | 10.4 years |
| 8 kW | $2.97 | $16,622 | $24,094 | 10.2 years |
| 10 kW | $2.91 | $20,370 | $30,525 | 10.0 years |
| 12 kW | $2.85 | $23,955 | $37,119 | 9.8 years |
| 14 kW | $2.79 | $27,377 | $43,876 | 9.6 years |
| 16 kW | $2.74 | $30,636 | $50,796 | 9.4 years |
| 18 kW | $2.68 | $33,733 | $57,878 | 9.2 years |
| 20 kW | $2.62 | $36,666 | $65,124 | 9.0 years |
How to Save on Solar Panels
There are many companies to choose from in Boscawen, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be difficult, so here are some tips to help you decide:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
- Contract: When reading over your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Warranty: Warranties that provide coverage for replacement parts and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one indication of a good company.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
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 Boscawen, NH Solar Cost FAQs
What is the average cost of installing solar panels in Boscawen?
This is a tough question to answer precisely, because the cost depends on a few different factors. Generally speaking, it costs about $14,550 for a 5-kW system and $29,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy usage. On the other hand, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Boscawen?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 bang for your buck from going solar.
Does Boscawen have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future utility bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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 account for 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.