Solar Panel Cost Guide in Deerfield, NH (2024 Update)
- Deerfield Solar Installation Cost: $14,236
- 25-Year Savings: $16,110
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Deerfield
Here’s how much it might cost to make the switch to solar in Deerfield.
In Deerfield, solar panels cost about 4 per watt on average.The average Deerfield 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.
The true price you pay can go higher or lower than the average in Deerfield based on a variety of 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 Deerfield find investing in solar can be quite rewarding.
You can click the button below to get connected with a vetted solar installer in Deerfield for a quote for your home.
Solar savings over time in Deerfield
| 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 Deerfield
When making the switch to solar, many homeowners opt to go with a solar company since putting up solar panels yourself can be a time-consuming project. Another great thing about choosing a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
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 Deerfield:
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 Deerfield
Factors that Affect Solar Panel Costs in Deerfield
For many Deerfield homeowners, the decision to go solar depends on cost. However, the range of solar installation costs can be quite wide in Deerfield, with typical prices between $20,000 to $40,000. There are a few factors that significantly influence the price you’ll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. That’s why it’s crucial to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The brand and type of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Deerfield to be too steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to paying more over time due to interest.You’ll have to consider the long-term cost of loans, including the total interest you’ll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar system can impact how much you pay. Deerfield’s solar companies all have different labor costs and add varying upcharges to equipment. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk equipment 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 | $13,845 | 14.3 years |
| 8 kW | $4.30 | $24,105 | $18,933 | 14.0 years |
| 10 kW | $4.22 | $29,540 | $24,257 | 13.7 years |
| 12 kW | $4.14 | $34,739 | $29,818 | 13.5 years |
| 14 kW | $4.05 | $39,702 | $35,614 | 13.2 years |
| 16 kW | $3.97 | $44,428 | $41,647 | 12.9 years |
| 18 kW | $3.88 | $48,918 | $47,917 | 12.6 years |
| 20 kW | $3.80 | $53,172 | $54,422 | 12.4 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Because selecting a company can be a tough decision, we have some tips to help you, such as:
- Warranty: Warranties that cover panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years likely provide high-quality solar panel installation and expertise.
- Solar Panel Brands: The model of solar panel you want to install plays a part in which installer you should opt for, since different companies provide different panels.
- Contract: Review the contract terms thoroughly to make sure you understand how much it will cost, completion timeline incentives and warranties.
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 Deerfield, NH Solar Cost FAQs
How much does it cost to install solar panels in Deerfield?
The average cost of solar panels in Deerfield is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
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.
Can you sell solar power back to the grid in Deerfield?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future power bills.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs 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.