Solar Panel Cost Guide in Danville, NH (2023 Update)
- Danville Solar Installation Cost: $9,818
- 25-Year Savings: $15,526
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Danville
Find out how much it might cost to install solar panels in Danville.
In Danville, solar panels cost about 2.91 per watt on average. Using this figure, a typical 4.8-kW system would cost about $9,818 before the 30% federal solar tax credit is applied.
The actual price you pay can go higher or lower than the average in Danville depending on several factors, such as the brand of solar panels you choose and the solar company you hire. With average savings of about $20,000 on energy bills over 20 years, many homeowners in Danville find investing in solar has a decent ROI.
To get a free estimate from a top solar installer in Danville, you can click the button below.
Solar savings over time in Danville
| Year | Return on Investment |
|---|---|
| 1 years | $-8,805 |
| 3 years | $-6,777 |
| 5 years | $-4,749 |
| 7 years | $-2,722 |
| 9 years | $-694 |
| 11 years | $1,333 |
| 13 years | $3,361 |
| 15 years | $5,388 |
| 17 years | $7,416 |
| 19 years | $9,443 |
| 21 years | $11,471 |
| 23 years | $13,498 |
| 25 years | $15,526 |
Top Solar Installers in Danville
When making the switch to solar, many homeowners opt to hire a solar company since installing a solar system yourself can be a time-consuming project. Companies can also provide access to a large variety of the best solar panels and help you pick which one will be best for you.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some in Danville:
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
The cost of installing a solar system in Danville can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of a solar system in Danville, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can determine by looking at past electricity bills. Your total cost can increase by around $2,910 for each additional kilowatt you need. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Danville, where sunlight is relatively abundant, efficiency can quickly pay off. Also, 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
If paying for a solar system in cash is out of reach, solar loans are a solid route because they cut back your upfront costs and let you pay for your system over five to seven years on average. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay back the loan.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Danville, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. You may notice national solar installers that have lower prices because of their larger brand name and access to bulk equipment prices, 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 | $3.03 | $12,711 | $18,842 | 10.1 years |
| 8 kW | $2.97 | $16,622 | $25,449 | 9.9 years |
| 10 kW | $2.91 | $20,370 | $32,219 | 9.7 years |
| 12 kW | $2.85 | $23,955 | $39,152 | 9.5 years |
| 14 kW | $2.79 | $27,377 | $46,247 | 9.3 years |
| 16 kW | $2.74 | $30,636 | $53,506 | 9.1 years |
| 18 kW | $2.68 | $33,733 | $60,927 | 8.9 years |
| 20 kW | $2.62 | $36,666 | $68,512 | 8.7 years |
How to Save on Solar Panels
The solar panel company you opt for 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 a few important things you should take into account, such as:
- Reputation: Solar panel companies that have great reviews from their customers and that have been operating for many years most likely offer good-quality solar panel installation and expertise.
- Installation Process: When making the switch to solar power, it's important to keep an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
- Solar Panel Brands: Each solar panel brand and kind offers varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can be sure you understand how much the equipment and services will cost and the terms of the warranty.
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
What is the average cost of installing solar panels in Danville?
The average cost of solar panels in Danville 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 stuff like the kind of solar panels you want, what size system you need and how much energy you use.
Is it better to lease or buy solar panels in Danville?
Leasing solar panels can be an attractive choice, as it usually comes with low or $0 upfront payments. The drawback 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 property value?
Solar panels can increase the value of your home considerably as long as you buy or finance your panels and don't choose 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."
How many solar panels do I need to power 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 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 buy 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.