Solar Panel Cost Guide in Conway, NH (2024 Update)
- Conway Solar Installation Cost: $14,725
- 25-Year Savings: $16,646
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Conway
Find out what the average cost of solar panels are in Conway.
The average cost of a solar system in Conway is 4 per watt.The average solar panel system size in Conway is around 5.0 kilowatts, meaning a cost of about $14,725 for a solar installation, or $21,057 before the 0 federal solar tax credit is applied.
How much you pay can be above or below the average in Conway depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire.For most homeowners, the upfront investment in solar panels is worth paying. On average Conway homeowners see about $20,000 in savings on utility bills over 20 years.
Click the button below to get connected to a vetted solar panel company in your area for a custom quote.
Solar savings over time in Conway
| Year | Return on Investment |
|---|---|
| 1 years | $-13,296 |
| 3 years | $-10,438 |
| 5 years | $-7,579 |
| 7 years | $-4,721 |
| 9 years | $-1,863 |
| 11 years | $995 |
| 13 years | $3,853 |
| 15 years | $6,711 |
| 17 years | $9,569 |
| 19 years | $12,427 |
| 21 years | $15,285 |
| 23 years | $18,143 |
| 25 years | $21,002 |
Top Solar Installers in Conway
Although it's possible to install solar panels by yourself, it requires extra labor and expertise. Because of that, the majority of homeowners choose to go with a solar panel installer. Some solar companies, especially local ones, can help you better understand incentives in Conway, therefore optimizing your ROI.
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 in Conway:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Conway
Factors that Affect Solar Panel Costs in Conway
There are a number of criteria that can affect your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. Because of that, it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your average energy use.There are many different solar panel brands and the one you choose also changes the cost. Usually, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are available from most installers in Conway, which can reduce, or in some cases totally eliminate, your upfront costs to make solar more accessible.When considering your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying a higher down payment can lower the total interest paid over time.
Solar Panel Installation Company
The final major cost factor you should keep in mind is the installer you choose. Given the growing popularity of renewable energy solutions in Conway, you’ll have many options to choose from, but each comes at various price points for labor and equipment.You may come across national solar installers that have lower prices because of their larger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials 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 | $4.39 | $18,433 | $13,826 | 14.3 years |
| 8 kW | $4.30 | $24,105 | $18,907 | 14.0 years |
| 10 kW | $4.22 | $29,540 | $24,225 | 13.7 years |
| 12 kW | $4.14 | $34,739 | $29,778 | 13.5 years |
| 14 kW | $4.05 | $39,702 | $35,569 | 13.2 years |
| 16 kW | $3.97 | $44,428 | $41,595 | 12.9 years |
| 18 kW | $3.88 | $48,918 | $47,858 | 12.6 years |
| 20 kW | $3.80 | $53,172 | $54,357 | 12.4 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. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- Contract: When looking through your solar installer’s contract, ask for clarification about any terms you’re not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Different companies offer different brands and types of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Conway, NH Solar Cost FAQs
What is the average cost of installing solar panels in Conway?
The average cost of solar panels in Conway is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Conway?
Leasing solar panels can be an option if you are unable to pay upfront or secure 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 financial benefits from going solar.
How will solar panels impact my home value?
Solar panels can increase the value of your home 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 a solar system."
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.