Solar Panel Cost Guide in Enfield, NH (2024 Update)
- Enfield Solar Installation Cost: $15,252
- 25-Year Savings: $16,882
- Payback Period: 13.9 Years
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Average Cost of Solar Panels in Enfield
Find out what the average cost of installing solar panels is in Enfield.
In Enfield, solar panels cost about 4 per watt on average.Using this figure, a typical 5.2-kW system would cost about $15,252 before the 0 federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of solar panels. The true cost of making the switch to solar can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $20,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a vetted solar company in your area for a customized quote.
Solar savings over time in Enfield
| Year | Return on Investment |
|---|---|
| 1 years | $-13,899 |
| 3 years | $-11,194 |
| 5 years | $-8,489 |
| 7 years | $-5,784 |
| 9 years | $-3,079 |
| 11 years | $-374 |
| 13 years | $2,331 |
| 15 years | $5,036 |
| 17 years | $7,741 |
| 19 years | $10,446 |
| 21 years | $13,151 |
| 23 years | $15,856 |
| 25 years | $18,562 |
Top Solar Installers in Enfield
When going solar, many homeowners decide to go with a solar company since putting up a solar system yourself can be a challenging project. Plus, if you’re unsure what brand of solar panels and equipment you need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you're searching for a solar company in Enfield, we've compiled a list of our top suggestions here:
Best National Provider
SunPower
- 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
- 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 Enfield
Factors that Affect Solar Panel Costs in Enfield
For many Enfield homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Enfield, with typical prices between $20,000 to $40,000. There are several factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
The size of the solar energy system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $4,220. The brand and kind 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 greater savings over time. Plus, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is out of reach, solar loans are a popular option because they cut back your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years.However, the interest on solar loans also increases your all-in costs, so it’s vital to include that in your estimate as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you go with to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Enfield, and each can charge different amounts for labor and equipment.Additionally, some companies in Enfield have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for walking you through the whole process. Even if they cost more upfront, they could help you save more money in the long run.
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 | $13,407 | 14.5 years |
| 8 kW | $4.30 | $24,105 | $18,349 | 14.2 years |
| 10 kW | $4.22 | $29,540 | $23,527 | 13.9 years |
| 12 kW | $4.14 | $34,739 | $28,942 | 13.6 years |
| 14 kW | $4.05 | $39,702 | $34,593 | 13.4 years |
| 16 kW | $3.97 | $44,428 | $40,480 | 13.1 years |
| 18 kW | $3.88 | $48,918 | $46,603 | 12.8 years |
| 20 kW | $3.80 | $53,172 | $52,963 | 12.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you select the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a big role in the company you opt for.
- Contract: It’s important to look over your solar installer’s contract carefully to understand what services they will provide, what the warranty covers and what you can expect about the cost.
- Reputation: Companies that have been in business for many years likely have a high reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering that kind of warranty is one sign of a good company.
Best National Provider
SunPower
- 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
- 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 Enfield, NH Solar Cost FAQs
What is the average cost of installing solar panels in Enfield?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. It will cost more if you want additional solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the other hand, you can spend less if you go with a smaller solar panel system or less efficient solar panels.
Should I lease or buy solar panels in Enfield?
Leasing solar panels can be an attractive choice, because it typically 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 tax rebates and credits and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
How will installing solar panels impact the value of my home?
Installing solar panels on your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Enfield is currently $405,252, so you can expect a value of about $16,615 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Enfield is a worthwhile investment.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy usage 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.