Solar Panel Cost Guide in Claremont, NH (2023 Update)
- Claremont Solar Installation Cost: $10,292
- 25-Year Savings: $16,508
- Payback Period: 9.6 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Claremont
Here's how much it might cost to go solar in Claremont.
The average cost of a solar system in Claremont is 2.91 per watt. The average Claremont homeowner needs a 5.0-kilowatt system, which would cost about $10,287 with the federal tax credit, or $14,710 before the 30% tax credit is applied.
How much you pay can be higher or lower than the average in Claremont based on a variety of factors, such as the type of solar panels you choose and the solar company you hire. For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $20,000 in savings on energy bills over 20 years.
To receive a free quote from a top solar installer in Claremont, you can click the button below.
Solar savings over time in Claremont
| Year | Return on Investment |
|---|---|
| 1 years | $-8,885 |
| 3 years | $-6,071 |
| 5 years | $-3,258 |
| 7 years | $-444 |
| 9 years | $2,370 |
| 11 years | $5,183 |
| 13 years | $7,997 |
| 15 years | $10,811 |
| 17 years | $13,624 |
| 19 years | $16,438 |
| 21 years | $19,252 |
| 23 years | $22,065 |
| 25 years | $24,879 |
Top Solar Installers in Claremont
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Hiring a solar panel installer can make converting to solar power much easier. A solar company can also help save you money in the long run by offering warranties, repairs and part replacements.
If you're looking for a solar installer in Claremont, 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 Claremont
Factors that Affect Solar Panel Costs in Claremont
Cost is typically one of the most important factors for homeowners wanting to invest in solar. There are a few primary factors that will push your cost above or below the average in Claremont: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
When it comes to estimating the cost of a solar energy system in Claremont, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are chiefly based on your home's energy consumption, which you can gauge by looking at past electricity bills. Your overall cost can increase by around $2,910 for each additional kilowatt you need. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Claremont, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Claremont homeowners choose to finance their solar panel systems to make going solar more affordable. It's a good idea to add the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration is the installer you choose. Given the growing popularity of clean energy solutions in Claremont, you'll have a great number of options to choose from, but each comes at varying price points for labor and equipment. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $19,115 | 10.0 years |
| 8 kW | $2.97 | $16,622 | $25,813 | 9.8 years |
| 10 kW | $2.91 | $20,370 | $32,674 | 9.6 years |
| 12 kW | $2.85 | $23,955 | $39,697 | 9.4 years |
| 14 kW | $2.79 | $27,377 | $46,884 | 9.2 years |
| 16 kW | $2.74 | $30,636 | $54,234 | 9.0 years |
| 18 kW | $2.68 | $33,733 | $61,746 | 8.8 years |
| 20 kW | $2.62 | $36,666 | $69,422 | 8.6 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. Since selecting a company can be difficult, we have some tips to help you, such as:
- Contract: Before you sign a contract with a solar installer, make sure you look it over completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- 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 significant role in the company you hire.
- Reputation: Make sure your solar system installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like EcoWatch.
- Installation Process: Get detailed information from your solar company about the installation process and what to expect, such as when the site survey will be completed and what the project timeline is.
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 Claremont, NH Solar Cost FAQs
What is the average cost of installing solar panels in Claremont?
This is a tough question to answer precisely, because the cost depends on many 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 extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Claremont have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future energy bills.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is how much energy they produce will have decreased significantly after that point. You can choose to replace them after having them for that long or you can continue to use them at a lower efficiency.
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.