Solar Panel Cost Guide in Epsom, NH (2024 Update)
- Epsom Solar Installation Cost: $14,710
- 25-Year Savings: $14,550
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Epsom
Find out how much it might cost to make the switch to solar in Epsom.
The average cost of a solar system in Epsom is 4 per watt.Because a 5.0-kW system is needed to cover the energy needs of a typical home in Epsom, the average price of going solar will be about $14,710 after claiming the federal solar tax credit of 0.
These figures are only estimates, and how much solar costs for you will look different based on your specific situation and what company you choose to go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Epsom can save around $19,000 on their electricity bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a personalized quote.
Solar savings over time in Epsom
| Year | Return on Investment |
|---|---|
| 1 years | $-13,303 |
| 3 years | $-10,489 |
| 5 years | $-7,676 |
| 7 years | $-4,862 |
| 9 years | $-2,048 |
| 11 years | $765 |
| 13 years | $3,579 |
| 15 years | $6,392 |
| 17 years | $9,206 |
| 19 years | $12,020 |
| 21 years | $14,833 |
| 23 years | $17,647 |
| 25 years | $20,461 |
Top Solar Installers in Epsom
Although you can install solar panels yourself, it requires extra time and handiness. That's one of the reasons most homeowners choose to hire a solar panel installer. Local solar installation companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you’d like to go solar but still aren’t certain which solar system installer to go with, here are our suggestions for providers near you:
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 Epsom
Factors that Affect Solar Panel Costs in Epsom
There are a number of criteria that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar panels.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $4,220.Some solar brands — like Maxeon from SunPower — cost more upfront but also tend to offer better efficiency. In a city like Epsom, where sunlight isn’t as abundant, efficiency can quickly pay off. In addition, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be challenging. Solar loans are available from most installers in Epsom, which can lower, or in some cases completely eliminate, your upfront costs to make solar more accessible.It’s wise to include the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and the amount of time it’ll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Epsom is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for example, you’ll have many options for solar installers that offer a range of services for different budgets.You may come across national solar installers that have lower prices due to their larger brand name and access to bulk 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 | $4.39 | $18,433 | $11,320 | 15.5 years |
| 8 kW | $4.30 | $24,105 | $15,565 | 15.2 years |
| 10 kW | $4.22 | $29,540 | $20,048 | 14.9 years |
| 12 kW | $4.14 | $34,739 | $24,766 | 14.6 years |
| 14 kW | $4.05 | $39,702 | $29,721 | 14.3 years |
| 16 kW | $3.97 | $44,428 | $34,912 | 14.0 years |
| 18 kW | $3.88 | $48,918 | $40,340 | 13.7 years |
| 20 kW | $3.80 | $53,172 | $46,003 | 13.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since selecting a company can be a tough decision, we have some tips to help you, such as:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project completion timeline.
- Reputation: Your solar installer should have a good reputation as a company and have proven expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from past customers.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Contract: It’s important to look over your solar installer’s contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the cost.
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 Epsom, NH Solar Cost FAQs
How much does it cost to install solar panels in Epsom?
The average cost of solar panels in Epsom is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on things like the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider apart from cost when buying solar panels?
Cost is certainly one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
Does Epsom have a net metering program?
The majority of states offer net metering programs of some kind. Through these, you can be compensated for the extra power your system produces or or receive credits to put toward future energy 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, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher amount 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.