Solar Panel Cost Guide in Enfield, NH (2023 Update)
- Enfield Solar Installation Cost: $10,511
- 25-Year Savings: $16,889
- Payback Period: 9.6 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Enfield
Let's take a look at the average cost of solar in Enfield.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Enfield, the typical cost of a solar system is 2.91 per watt. Using this figure, a typical 5.2-kW system would cost about $10,511 before the 30% federal solar tax credit is applied.
How much you pay can be above or below the average in Enfield depending on several factors, such as the brand of solar panels you choose and the solar contractor you hire. But, after you've paid the upfront cost of installation, the return on investment for most homeowners is quite fruitful, 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 expert, click the button below.
Solar savings over time in Enfield
| Year | Return on Investment |
|---|---|
| 1 years | $-9,415 |
| 3 years | $-7,223 |
| 5 years | $-5,031 |
| 7 years | $-2,839 |
| 9 years | $-647 |
| 11 years | $1,545 |
| 13 years | $3,737 |
| 15 years | $5,929 |
| 17 years | $8,121 |
| 19 years | $10,313 |
| 21 years | $12,505 |
| 23 years | $14,697 |
| 25 years | $16,889 |
Top Solar Installers in Enfield
Do-it-yourself solar panel installation is a choice some homeowners opt for, but it's an undertaking that can be a pain. Hiring an installer can make your swap to solar power much easier. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
If you're looking for a solar installer in Enfield, the EcoWatch team has put together a list of our top suggestions here:
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 Enfield
Factors that Affect Solar Panel Costs in Enfield
Though the average cost of a solar system in Enfield is $10,511, your actual cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar 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 $2,910 per kilowatt in Enfield. The kind of solar panels and equipment you get is another factor that will substantially impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more expensive. Plus, solar equipment is more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that falls within your budget.
Solar Financing Terms
Many homeowners find the average cost of solar in Enfield to be prohibitively steep, even if the investment pays off over time. Fortunately, nearly every solar installer in the area provides access to financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Enfield is the company you hire to install your PV system. Similar to choosing a company to renovate your kitchen, for example, there are plenty of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices due to their bigger 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 | $3.03 | $12,711 | $19,130 | 10.0 years |
| 8 kW | $2.97 | $16,622 | $25,832 | 9.8 years |
| 10 kW | $2.91 | $20,370 | $32,697 | 9.6 years |
| 12 kW | $2.85 | $23,955 | $39,726 | 9.4 years |
| 14 kW | $2.79 | $27,377 | $46,917 | 9.2 years |
| 16 kW | $2.74 | $30,636 | $54,271 | 9.0 years |
| 18 kW | $2.68 | $33,733 | $61,789 | 8.8 years |
| 20 kW | $2.62 | $36,666 | $69,469 | 8.6 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you select the right company for you, here are some tips to keep in mind:
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project timeline.
- Solar Panel Brands: The type of solar panel you want to install plays a part in which company you should choose, since different companies have access to different panels.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline incentives 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 Enfield, NH Solar Cost FAQs
What is the average cost of installing solar panels in Enfield?
The average cost of solar panels in Enfield 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider in addition to cost when buying solar panels?
Cost is a key factor to consider, but whether it's the most important for you depends on why you decided to go solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
How much can I save on power bills after installing solar panels?
It is possible to erase your electricity bills with solar panels, but for most homeowners in Enfield, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Enfield?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can opt to replace them once you've had them for that long or you can keep using them at a lower efficiency.
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.