Solar Panel Cost Guide in Epsom, NH (2023 Update)
- Epsom Solar Installation Cost: $10,144
- 25-Year Savings: $14,549
- Payback Period: 10.3 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Epsom
Find out what the average cost of installing solar panels is in Epsom.
In Epsom, solar panels cost about 2.91 per watt on average. To cover the typical energy needs of the average home in Epsom, most homeowners require a 5.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $10,144, or $14,506 before the federal solar tax credit of 30% is applied.
The actual price you pay can be above or below the average in Epsom depending on a variety of factors, such as the model of solar panels you choose and the solar installer you hire. Many homeowners find installing solar panels is a rewarding investment. The average homeowner in Epsom can save around $19,000 on their energy bills over 20 years.
To see your potential savings and connect with a local solar expert, click the button below.
Solar savings over time in Epsom
| Year | Return on Investment |
|---|---|
| 1 years | $-9,157 |
| 3 years | $-7,181 |
| 5 years | $-5,206 |
| 7 years | $-3,230 |
| 9 years | $-1,255 |
| 11 years | $721 |
| 13 years | $2,696 |
| 15 years | $4,672 |
| 17 years | $6,647 |
| 19 years | $8,622 |
| 21 years | $10,598 |
| 23 years | $12,573 |
| 25 years | $14,549 |
Top Solar Installers in Epsom
Many homeowners opt for a solar panel company since trying to put up solar panels yourself can be a labor-intensive endeavor. Plus, if you're not certain what kind of solar panels and equipment you may need, a solar installer can help you find the right equipment for you after a site survey and consultation.
If you'd like to start using solar energy but still aren't sure which solar company to go with, here are our recommendations for providers in Epsom:
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 Epsom
Factors that Affect Solar Panel Costs in Epsom
The cost of installing a solar system in Epsom can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
When it comes to estimating the price of solar panels in Epsom, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are mainly based on your home's energy usage, which you can figure out by looking at past electricity bills. Your total cost can increase by about $2,910 for each additional kilowatt you need. The brand of solar panels and equipment you want is another factor that will largely influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to be more pricey. Moreover, solar equipment goes beyond 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
If paying for a solar system out of pocket is out of reach, solar loans are an affordable choice because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. Though solar loans make adopting solar energy more accessible for Epsom homeowners, they can also raise the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Epsom is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, there are plenty of solar installers that provide a range of services at different price points. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment prices, 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 | $17,042 | 10.7 years |
| 8 kW | $2.97 | $16,622 | $23,048 | 10.5 years |
| 10 kW | $2.91 | $20,370 | $29,218 | 10.3 years |
| 12 kW | $2.85 | $23,955 | $35,550 | 10.1 years |
| 14 kW | $2.79 | $27,377 | $42,045 | 9.9 years |
| 16 kW | $2.74 | $30,636 | $48,704 | 9.7 years |
| 18 kW | $2.68 | $33,733 | $55,525 | 9.4 years |
| 20 kW | $2.62 | $36,666 | $62,509 | 9.2 years |
How to Save on Solar Panels
The solar company you choose will be a major factor in determining 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, such as:
- Contract: Before you sign a contract with a solar installer, make sure to read it through completely so you understand the terms. Also, ask questions if you aren't sure about some of the terms, such as what the warranty covers and if there are any guarantees about energy production.
- Warranty: If you care about the durability of your solar panel system, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Solar Panel Brands: The kind of solar panel you want to get plays a part in which company you should opt for, since different companies have different panels.
- Installation Process: Homeowners should make sure they understand how exactly the installation process will be carried out, as well as important factors like the project timeline.
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 Epsom, NH Solar Cost FAQs
How much does it cost to install solar panels in Epsom?
This is a hard question to answer exactly, because the cost depends on a few different 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 higher quality panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Epsom?
Leasing solar panels can be an attractive choice, as it often 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 way to go if you want to get the most savings.
Can you sell solar power back to the grid in Epsom?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.