Solar Panel Cost Guide in Chesterfield, NH (2023 Update)
- Chesterfield Solar Installation Cost: $10,185
- 25-Year Savings: $14,816
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Chesterfield
Find out how much it might cost to install solar panels in Chesterfield.
In Chesterfield, solar panels cost about 2.91 per watt on average. The average Chesterfield homeowner needs a 5.0-kilowatt system, which would cost about $10,185 with the federal tax credit, or $14,565 before the 30% tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Chesterfield homeowner. The cost 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. Many homeowners find adopting solar power is a solid investment. The average homeowner in Chesterfield can save around $19,000 on their energy bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Chesterfield for a customized quote.
Solar savings over time in Chesterfield
| Year | Return on Investment |
|---|---|
| 1 years | $-9,185 |
| 3 years | $-7,185 |
| 5 years | $-5,185 |
| 7 years | $-3,185 |
| 9 years | $-1,185 |
| 11 years | $815 |
| 13 years | $2,815 |
| 15 years | $4,815 |
| 17 years | $6,815 |
| 19 years | $8,815 |
| 21 years | $10,815 |
| 23 years | $12,815 |
| 25 years | $14,816 |
Top Solar Installers in Chesterfield
Installing solar panels on your own can be a challenging undertaking, which is why hiring a solar installation company is a good option for many homeowners. A solar company can also help save you money over the lifespan of your system by offering warranties, repairs and part replacements.
There are various licensed solar professionals that can help you install your solar panels. 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 Chesterfield
Factors that Affect Solar Panel Costs in Chesterfield
For many Chesterfield homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Chesterfield, with typical prices between $20,000 to $40,000. There are various factors that greatly 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 determines the overall cost of installing solar panels. Because of that, it's crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. The model of solar panels and equipment you choose is another factor that will considerably influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are an affordable route because they reduce your upfront costs and allow you to pay for your system over five to seven years on average. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can impact your pricing. Chesterfield's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most considerable role in the cost of installation. 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 promotion 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 | $3.03 | $12,711 | $17,313 | 10.6 years |
| 8 kW | $2.97 | $16,622 | $23,410 | 10.4 years |
| 10 kW | $2.91 | $20,370 | $29,670 | 10.2 years |
| 12 kW | $2.85 | $23,955 | $36,093 | 10.0 years |
| 14 kW | $2.79 | $27,377 | $42,679 | 9.8 years |
| 16 kW | $2.74 | $30,636 | $49,428 | 9.6 years |
| 18 kW | $2.68 | $33,733 | $56,339 | 9.4 years |
| 20 kW | $2.62 | $36,666 | $63,414 | 9.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose significantly impacts your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: It's important to read through your solar installer's contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Installation Process: Get details from your solar company about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Solar Panel Brands: Different companies will have various brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
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 Chesterfield, NH Solar Cost FAQs
What is the average cost of installing solar panels in Chesterfield?
This is a hard question to answer exactly, because the cost depends on a few different factors. Broadly speaking, it costs about $14,550 for a 5-kW system and $29,100 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Are solar panels free in Chesterfield?
You can't get solar panels for free in Chesterfield. However, you may still be able to install them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels eliminate my electricity bills?
Solar panels can potentially eliminate your electricity bills depending on your location 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 $1,000.80 per year.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher 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.