Solar Panel Cost Guide in Bow, NH (2023 Update)
- Bow Solar Installation Cost: $10,144
- 25-Year Savings: $13,573
- Payback Period: 10.7 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Bow
Let's have a look at the average cost of solar in Bow.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Bow, the typical cost of a solar system is 2.91 per watt. Using this figure, a typical 5.0-kW system would cost about $10,144 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Bow homeowner. The price of a solar system for your home may be different depending on factors unique to your situation, like your household energy use and solar contractor. With average savings of about $18,000 on energy bills over 20 years, many homeowners in Bow find going solar can pay off big.
You can click the button below to get connected with a top solar company in Bow for a quote for your home.
Solar savings over time in Bow
| Year | Return on Investment |
|---|---|
| 1 years | $-10,064 |
| 3 years | $-9,906 |
| 5 years | $-9,748 |
| 7 years | $-9,590 |
| 9 years | $-9,432 |
| 11 years | $-9,274 |
| 13 years | $-9,116 |
| 15 years | $-8,958 |
| 17 years | $-8,800 |
| 19 years | $-8,642 |
| 21 years | $-8,483 |
| 23 years | $-8,325 |
| 25 years | $-8,167 |
Top Solar Installers in Bow
Many homeowners opt for a solar installer since installing solar panels yourself can be a labor-intensive endeavor. Some solar companies, especially local ones, can help you take advantage of incentives in Bow, optimizing your ROI.
There are several licensed solar professionals that can install solar panels for you. Here are our suggestions:
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 Bow
Factors that Affect Solar Panel Costs in Bow
Although the average cost of a solar system in Bow is $10,144, your actual cost may differ. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. For that reason, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use. The model of solar panels and equipment you want is another factor that will largely affect costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more costly. Moreover, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That's why many Bow homeowners decide to finance their solar panel systems to make paying for solar more affordable. However, the interest on solar loans also increases your all-in costs, so it's crucial to keep that in mind as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you go with to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar panel companies operating in Bow, and each can charge different amounts for labor and equipment. Additionally, some companies in Bow know more 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 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 | $15,865 | 11.1 years |
| 8 kW | $2.97 | $16,622 | $21,479 | 10.9 years |
| 10 kW | $2.91 | $20,370 | $27,256 | 10.7 years |
| 12 kW | $2.85 | $23,955 | $33,197 | 10.5 years |
| 14 kW | $2.79 | $27,377 | $39,300 | 10.3 years |
| 16 kW | $2.74 | $30,636 | $45,566 | 10.1 years |
| 18 kW | $2.68 | $33,733 | $51,995 | 9.8 years |
| 20 kW | $2.62 | $36,666 | $58,587 | 9.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Warranty: A quality company rises above other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: It's important to read your solar installer's contract closely to understand what services they will provide, what the warranty covers and what expectations you should have about the project timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. While there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for 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 Bow, NH Solar Cost FAQs
How much does it cost to install solar panels in Bow?
The average cost of solar panels in Bow 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Can solar panels significantly reduce my electricity bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Bow, that will require at least a 10-kW system. Not all homes will have the roof space for that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage and the amount of 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 install 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.