Solar Panel Cost Guide in Claremont, NH (2023 Update)
- Claremont Solar Installation Cost: $10,287
- 25-Year Savings: $16,513
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Claremont
Let's take a look at the average cost of solar in Claremont.
In Claremont, solar panels cost about 2.91 per watt on average. 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.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may vary based on your household energy needs, the type of solar system you choose, your solar contractor and more. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $20,000 over 20 years on energy bills.
Click the button below to get connected to a highly rated solar company in Claremont for a personalized estimate.
Solar savings over time in Claremont
| Year | Return on Investment |
|---|---|
| 1 years | $-9,215 |
| 3 years | $-7,071 |
| 5 years | $-4,927 |
| 7 years | $-2,783 |
| 9 years | $-639 |
| 11 years | $1,505 |
| 13 years | $3,649 |
| 15 years | $5,793 |
| 17 years | $7,937 |
| 19 years | $10,081 |
| 21 years | $12,225 |
| 23 years | $14,369 |
| 25 years | $16,513 |
Top Solar Installers in Claremont
When going solar, many homeowners prefer to use a solar company since installing solar panels yourself can be a time-consuming project. Also, companies with a good reputation that are more expensive upfront could actually save you money in the long term with their warranties, repair services and expert design.
Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:
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 usually one of the most important factors for homeowners who are considering investing in solar. There are a few key factors that determine your overall cost 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 price 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 primarily based on your home's energy consumption, which you can figure out by looking at past power bills. Your total cost can increase by about $2,910 for each additional kilowatt you need. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these are often more expensive 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 will be looking at 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 raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular route because they decrease your upfront costs and let you pay for your system over a term of, on average, between five and seven years. You'll have to consider the long-term cost of loans, including the total 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 principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Claremont is the company you get to install your solar panel system. As with choosing a company to renovate your kitchen, for example, there are plenty of solar installers that provide a range of services at different price points. Larger national companies typically have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $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
There are numerous companies to choose from in Claremont, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Solar Panel Brands: The brand of solar panel you'd like plays a part in which installer you should go with, since different companies have different panels.
- Contract: Read the contract terms thoroughly to make sure you understand the overall cost, project completion timeline incentives and warranties.
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, 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 Claremont, NH Solar Cost FAQs
What is the average cost of installing solar panels in Claremont?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 cost more if you want other solar equipment or higher quality panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Is cost the most important consideration when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your reasons for going solar. In places where rooftop space is limited, efficiency can trump the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Do solar panels increase the value of your home?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Claremont is currently $135,200, which means you could be looking at a value of about $5,543 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Claremont is a fruitful investment.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you need to know how much energy your home needs 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.