Solar Panel Cost Guide in Concord, NH (2023 Update)
- Concord Solar Installation Cost: $10,144
- 25-Year Savings: $14,550
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Concord
Let's have a look at the average cost of solar in Concord.
While the national average of solar panels is $2.66 per watt, solar panels in Concord generally cost about 2.91. The average Concord homeowner needs a 5.0-kilowatt system, which would cost about $10,144 with the federal tax credit, or $14,506 before the 30% tax credit is applied.
How much you pay can go higher or lower than the average in Concord based on a variety of factors, such as the brand of solar panels you choose and the solar installer you hire. But, once you've paid the upfront cost of installation, the return on investment for most homeowners is quite rewarding, with a net average savings of about $19,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar panel company in Concord for a custom quote.
Solar savings over time in Concord
| Year | Return on Investment |
|---|---|
| 1 years | $-10,061 |
| 3 years | $-9,897 |
| 5 years | $-9,732 |
| 7 years | $-9,567 |
| 9 years | $-9,403 |
| 11 years | $-9,238 |
| 13 years | $-9,074 |
| 15 years | $-8,909 |
| 17 years | $-8,744 |
| 19 years | $-8,580 |
| 21 years | $-8,415 |
| 23 years | $-8,250 |
| 25 years | $-8,086 |
Top Solar Installers in Concord
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Going with a solar panel installer can make your switch to solar power much easier. Another advantage of working with a solar company is that they can help you make the most of your ROI by bringing down your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
There are several licensed solar professionals that can take care of your solar installation project. 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 Concord
Factors that Affect Solar Panel Costs in Concord
For many Concord homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in Concord, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the notable factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,910. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Concord, where sunlight isn't as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Most solar installers in Concord have solar loans, which reduce your upfront costs of installing solar. However, the interest on solar loans also adds to your total costs, so it's important to take that into consideration as well. You can always reduce the total you pay in interest and in some cases even your APR by putting more money down.
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. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those major players.
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
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Though reading through a contract can be tedious, it's important to do it fully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Warranty: If you're worried about the durability of your solar energy system, ensuring your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The type of solar panel you want plays a role in which installer you should go with, since different companies have access to different panels.
- Reputation: Your solar installer should have a solid reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
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 Concord, NH Solar Cost FAQs
How much does it cost to install solar panels in Concord?
The average cost of solar panels in Concord is about $14,550 for a 5-kW system and $29,100 for a 10-kW system before the ITC, but the real cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Concord?
Leasing solar panels can be an option if you can't afford to 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 home 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 financial benefits from going solar.
Do solar panels increase your home value?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How often do you have to replace solar panels?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using 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.