Solar Panel Cost Guide in Concord, NH (2025 Update)
- Concord Solar Installation Cost: $14,710
- 25-Year Savings: $14,550
- Payback Period: 14.9 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Why you can trust EcoWatch
Average Cost of Solar Panels in Concord
Find out what the average cost of solar panel installation is in Concord.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Concord, the average cost of solar panels is 4 per watt.Because a 5.0-kW system is needed to cover the energy needs of a typical home in Concord, the average price of going solar will be about $14,710 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of Concord homeowners. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically rewarding, with a net average savings of about $19,000 over 20 years on utility bills.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Concord
| Year | Return on Investment |
|---|---|
| 1 years | $-13,319 |
| 3 years | $-10,536 |
| 5 years | $-7,754 |
| 7 years | $-4,971 |
| 9 years | $-2,189 |
| 11 years | $594 |
| 13 years | $3,376 |
| 15 years | $6,159 |
| 17 years | $8,942 |
| 19 years | $11,724 |
| 21 years | $14,507 |
| 23 years | $17,289 |
| 25 years | $20,072 |
Top Solar Installers in Concord
When switching to solar energy, many homeowners opt to use a solar company since installing a solar system yourself can be a time-consuming project. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives and by offering warranties and repairs.
You can get a free estimate from a local solar installer on how much your investment in solar could cost for your home. Here are some near you:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Concord
Factors that Affect Solar Panel Costs in Concord
The cost of installing a solar system in Concord can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is the size of the system you need, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $4,220 per kilowatt in Concord.There are several different solar panel brands and the one you pick also changes the cost. Usually, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
If paying for a solar system out of pocket is out of reach, solar loans are a popular route because they cut back 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 above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar installer you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar panel companies operating throughout Concord, and each can charge different amounts for labor and equipment.Additionally, some companies in Concord have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. Though, 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 | $4.39 | $18,433 | $11,320 | 15.5 years |
| 8 kW | $4.30 | $24,105 | $15,565 | 15.2 years |
| 10 kW | $4.22 | $29,540 | $20,048 | 14.9 years |
| 12 kW | $4.14 | $34,739 | $24,766 | 14.6 years |
| 14 kW | $4.05 | $39,702 | $29,721 | 14.3 years |
| 16 kW | $3.97 | $44,428 | $34,912 | 14.0 years |
| 18 kW | $3.88 | $48,918 | $40,340 | 13.7 years |
| 20 kW | $3.80 | $53,172 | $46,003 | 13.4 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should consider, such as:
- Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years in most cases offer good-quality solar panel installation and expertise.
- Contract: When looking over your solar installer’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the best you can get in the business, and offering such a warranty is one indication of a good company.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Concord, NH Solar Cost FAQs
What is the average cost of installing solar panels in Concord?
This is a tough question to answer precisely, because the cost depends on many factors. Generally speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Concord?
Leasing solar panels can be an option if you can’t pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your property 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 savings from going solar.
Is it worth going solar in Concord?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
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 decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level 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.