Solar Panel Cost Guide in Deerfield, NH (2023 Update)
- Deerfield Solar Installation Cost: $9,817
- 25-Year Savings: $16,110
- Payback Period: 9.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated September 15, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Deerfield
We break down average solar pricing in Deerfield.
While the national average of solar panels is $2.66 per watt, solar panels in Deerfield typically cost around 2.91. Since a 4.8-kW system is needed to cover the energy consumption of a typical home in Deerfield, the average price of going solar will be about $9,818 after claiming the federal solar tax credit of 30%.
Keep in mind that the figures above are only estimates based on the average Deerfield homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find going solar is a sound investment. The average homeowner in Deerfield can save around $20,000 on their electricity bills over 20 years.
You can click the button below to get connected with a vetted solar company in Deerfield for a quote for your home.
Solar savings over time in Deerfield
| Year | Return on Investment |
|---|---|
| 1 years | $-8,410 |
| 3 years | $-5,596 |
| 5 years | $-2,783 |
| 7 years | $31 |
| 9 years | $2,845 |
| 11 years | $5,658 |
| 13 years | $8,472 |
| 15 years | $11,285 |
| 17 years | $14,099 |
| 19 years | $16,913 |
| 21 years | $19,726 |
| 23 years | $22,540 |
| 25 years | $25,354 |
Top Solar Installers in Deerfield
Many homeowners choose to hire a solar panel company since trying to put up solar panels by yourself can be challenging. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar panel installer to go with, here are our recommendations for providers in Deerfield:
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
The cost of installing a solar system in Deerfield can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The biggest one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,910. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels in cash is too expensive, solar loans are a solid choice because they cut back your upfront costs and let you pay for your system over a term of, on average, between five and seven years. 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're only able to 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 APR could reduce your costs considerably.
Solar Panel Installation Company
The solar company you choose will play a role in your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle charger installation, they might be cheaper overall.
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 | $19,567 | 9.8 years |
| 8 kW | $2.97 | $16,622 | $26,416 | 9.7 years |
| 10 kW | $2.91 | $20,370 | $33,427 | 9.5 years |
| 12 kW | $2.85 | $23,955 | $40,601 | 9.3 years |
| 14 kW | $2.79 | $27,377 | $47,939 | 9.1 years |
| 16 kW | $2.74 | $30,636 | $55,439 | 8.9 years |
| 18 kW | $2.68 | $33,733 | $63,102 | 8.7 years |
| 20 kW | $2.62 | $36,666 | $70,928 | 8.5 years |
How to Save on Solar Panels
There are a large number of companies to choose from in Deerfield, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be challenging, so here are some tips to help you decide:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. While there are many options for which type of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to take a look at their list of options before deciding.
- Installation Process: When making the switch to solar, it's crucial to maintain an open line of communication with your solar installer. Confirm that you understand how the installation process will go and the project completion timeline.
- Warranty: Many companies offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Contract: Look through the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline rebates and warranties.
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
What is the average cost of installing solar panels in Deerfield?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,550 for a 5-kW system and $29,100 for a 10-kW system after the ITC is applied. It will cost more if you want other solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you want a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Deerfield?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The downside 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 incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is going solar worth it?
Solar panels can be a beneficial investment for most homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home will need 20 to 35 panels.
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.