Solar Panel Cost Guide in East Merrimack, NH (2023 Update)

  • East Merrimack Solar Installation Cost: $10,083
  • 25-Year Savings: $14,917
  • Payback Period: 10.1 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated May 04, 2023

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in East Merrimack

Find out how much it might cost to go solar in East Merrimack.

In East Merrimack, solar panels cost about 2.91 per watt on average. The average East Merrimack homeowner needs a 5.0-kilowatt system, which would cost about $10,083 with the federal tax credit, or $14,419 before the 30% tax credit is applied.

The prices above are just estimates to give you an idea of the cost of solar panels. The exact cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what company you go with. Many homeowners find going solar is a solid investment. The average homeowner in East Merrimack can save around $19,000 on their power bills over 20 years.

To see your potential savings and connect with a local solar installer, click the button below.

Solar savings over time in East Merrimack

Year Return on Investment
1 years $-9,083
3 years $-7,083
5 years $-5,083
7 years $-3,083
9 years $-1,083
11 years $917
13 years $2,917
15 years $4,917
17 years $6,917
19 years $8,917
21 years $10,917
23 years $12,917
25 years $14,917

Top Solar Installers in East Merrimack

When going solar, many homeowners choose to hire a solar company since DIY solar panel installation can be a challenging project. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.

If you'd like to switch to solar energy but still aren't sure which solar system installer to go with, here are our suggestions for providers near you:

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 East Merrimack

Factors that Affect Solar Panel Costs in East Merrimack

Cost is typically one of the most important factors for homeowners considering investing in solar. There are a few primary factors that affect your total cost in East Merrimack: solar equipment and system size, financing options and the solar installation company you choose. We'll go over each of these briefly below.

Solar Equipment

When it comes to estimating the price of a solar system in East Merrimack, one of the most important 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 consumption, which you can gauge by looking at past energy bills. Your total cost can increase by about $2,910 for each additional kilowatt you need. The model of solar panels and equipment you choose is another factor that will greatly affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Furthermore, solar equipment goes beyond just the solar panels themselves. You'll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.

Solar Financing Terms

Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many East Merrimack homeowners decide to finance their solar panel systems to offset upfront costs. When estimating your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can reduce the total interest paid over time.

Solar Panel Installation Company

The last significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in East Merrimack, you'll have lots of options to choose from, but each comes at different price points for labor and equipment. Some companies only sell high-efficiency and high-priced products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and decide on the company that has the products, warranties and services you're looking for and also fits within your budget.

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 $17,583 10.5 years
8 kW $2.97 $16,622 $23,770 10.3 years
10 kW $2.91 $20,370 $30,120 10.1 years
12 kW $2.85 $23,955 $36,632 9.9 years
14 kW $2.79 $27,377 $43,308 9.7 years
16 kW $2.74 $30,636 $50,147 9.5 years
18 kW $2.68 $33,733 $57,148 9.3 years
20 kW $2.62 $36,666 $64,313 9.1 years

How to Save on Solar Panels

The solar panel company you go with will influence 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 several important things you should keep in mind, including:

  • Contract: Read the contract terms thoroughly to make sure you understand the cost breakdown, completion timeline incentives and warranties.
  • Solar Panel Brands: The model of solar panel you want plays a part in which installer you should opt for, since different companies have access to different panels.
  • Warranty: Warranties that cover panel repairs and maintenance over a couple decades are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
  • Reputation: Make sure your solar system installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.

Best National Provider

SunPower

★★★★★
5.0

  • 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

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 East Merrimack, NH Solar Cost FAQs

How much does it cost to install solar panels in East Merrimack?

This is a difficult question to answer precisely, because the cost depends on many factors. Broadly 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 additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.

What other factors should I consider aside from cost when buying solar panels?

Cost is without a doubt one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.

How will installing solar panels impact my home value?

Solar panels can increase your home value 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% with a solar installation."

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 the average daily 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 get between 20 and 35 panels to account for 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.

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