Solar Panel Cost Guide in Danville, NH (2024 Update)
- Danville Solar Installation Cost: $14,236
- 25-Year Savings: $15,527
- Payback Period: 14.0 Years
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Average Cost of Solar Panels in Danville
Here’s how much it might cost to install solar panels in Danville.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Danville, the average cost of a solar system is 4 per watt.The average Danville homeowner needs a 4.8-kilowatt system, which would cost about $14,236 with the federal tax credit, or $20,357 before the 0 tax credit is applied.
Bear in mind that the figures above are only estimates based on the average Danville homeowner. 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 upfront cost of installation, the savings for most homeowners is quite rewarding, with a net average savings of about $20,000 over 20 years on electricity bills.
To see your potential savings and connect with a local solar company, click the button below.
Solar savings over time in Danville
| Year | Return on Investment |
|---|---|
| 1 years | $-12,829 |
| 3 years | $-10,016 |
| 5 years | $-7,202 |
| 7 years | $-4,388 |
| 9 years | $-1,575 |
| 11 years | $1,239 |
| 13 years | $4,053 |
| 15 years | $6,866 |
| 17 years | $9,680 |
| 19 years | $12,493 |
| 21 years | $15,307 |
| 23 years | $18,121 |
| 25 years | $20,934 |
Top Solar Installers in Danville
Many homeowners opt for a solar panel company since figuring out how to install solar panels on your own can be a labor-intensive endeavor. Plus, if you aren’t sure what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
If you're looking for a solar company in Danville, the EcoWatch team has organized a list of our top suggestions here:
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 Danville
Factors that Affect Solar Panel Costs in Danville
There are many factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
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 electricity your household uses, the larger your system will likely need to be. You can expect to spend about $4,220 per kilowatt in Danville.There are several different solar panel brands and the one you choose also changes the cost. Usually, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you’re looking to install 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
Most solar companies in Danville have solar loans, which reduce the initial cost of installing a solar system.When trying to figure out your overall cost, you should also calculate the interest you’ll pay if you choose to go with a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in Danville is the company you choose to install your solar panel system. Similar to choosing a company to build a deck or pool, for example, there’s no shortage of solar installers that provide a range of services at different price points.You may see national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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 | $13,120 | 14.6 years |
| 8 kW | $4.30 | $24,105 | $17,966 | 14.3 years |
| 10 kW | $4.22 | $29,540 | $23,049 | 14.0 years |
| 12 kW | $4.14 | $34,739 | $28,368 | 13.8 years |
| 14 kW | $4.05 | $39,702 | $33,923 | 13.5 years |
| 16 kW | $3.97 | $44,428 | $39,714 | 13.2 years |
| 18 kW | $3.88 | $48,918 | $45,742 | 12.9 years |
| 20 kW | $3.80 | $53,172 | $52,006 | 12.6 years |
How to Save on Solar Panels
The solar company you opt for will impact not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should take into account, such as:
- Installation Process: Get detailed information from your solar installer about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Warranty: Companies typically offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about the installation process.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for clean energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to install your solar system. Another way you can research your installer’s reputation is by reading reviews.
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 Danville, NH Solar Cost FAQs
How much does it cost to install solar panels in Danville?
This is a hard question to answer exactly, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want other solar equipment or more efficient panels, or if you have above-average energy needs. On the other hand, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Is cost the most important consideration when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Danville have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don’t have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Danville?
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.