Solar Panel Cost Guide in Concord, NH (Jan 2023)

  • Concord Solar Installation Cost: $10,144
  • 25-Year Savings: $14,549
  • Payback Period: 10.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated January 20, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Concord

Find out what the average cost of a solar system is in Concord.

The average cost of solar panels in Concord is $3 per watt. The average solar panel system size in Concord is around 5.0 kilowatts, meaning a cost of about $10,144 for a solar installation, or $7,507 after the 30% federal solar tax credit is applied.

Remember that the numbers above are only averages. The price you'll end up paying for solar will differ based on your household energy consumption, the type of solar system you want, your solar contractor and more. But, once you've paid the initial cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $19,000 over 20 years on electricity bills.

Click the button below to get connected to a highly rated solar company in Concord for a custom quote.

Solar savings over time in Concord

Year Return on Investment
1 years $-9,157
3 years $-7,181
5 years $-5,206
7 years $-3,230
9 years $-1,255
11 years $721
13 years $2,696
15 years $4,672
17 years $6,647
19 years $8,622
21 years $10,598
23 years $12,573
25 years $14,549

Top Solar Installers in Concord

Many homeowners choose to hire a solar installer since trying to put up solar panels by yourself can be hard. Local solar installers can also help you optimize your return on investment by walking you through any local incentives and by providing warranties and repairs.

Working with a vetted solar company can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • 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 depends on several factors. The most significant one is the size of the system your home needs, 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 adopting solar energy 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 pay around $2,910 per kilowatt in Concord. The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bump up your total well above the Concord average.

Solar Financing Terms

If paying for a solar system out of pocket is difficult, solar loans are a solid route because they lower your upfront costs and let you pay for your system over five to seven years on average. Though solar loans make adopting solar energy more accessible for Concord homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can avoid paying as much in interest.

Solar Panel Installation Company

The solar company you hire to handle your switch to renewable energy can play a role in your total costs. There are about 3 solar installation companies in Concord, and each can charge varying amounts for labor and equipment. Companies that only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that offers the products, warranties and services you want and also fits within your budget.

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 $17,042 10.7 years
8 kW $2.97 $16,622 $23,048 10.5 years
10 kW $2.91 $20,370 $29,218 10.3 years
12 kW $2.85 $23,955 $35,550 10.1 years
14 kW $2.79 $27,377 $42,045 9.9 years
16 kW $2.74 $30,636 $48,704 9.7 years
18 kW $2.68 $33,733 $55,525 9.4 years
20 kW $2.62 $36,666 $62,509 9.2 years

How to Save on Solar Panels

Since the kind of solar panels and the installer you choose has an impact on your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:

  • Warranty: A comprehensive, 25-year warranty can help keep your solar panels running smoothly and save you money on repairs and maintenance.
  • Contract: Before signing a contract with a solar company, 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: Different companies have various brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you're considering has it.
  • Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a respected certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it most likely has a solid reputation and is qualified to get the job done well. Another way you can research your installer's reputation is by reading reviews.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

Tesla Energy

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • 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

How much does it cost to install solar panels in Concord?

This is a hard question to answer exactly, because the cost depends on a few different 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 extra solar equipment or higher quality panels, or if you have above-average energy usage. On the flip side, 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 appealing choice, as it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to get the most savings.

Do solar panels increase your home value?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Concord is currently $232,020, which means you can look forward to a value of about $9,513 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Concord is a worthwhile investment.

How many solar panels should I get to power my home?

To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house 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.

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