Solar Panel Cost Guide in Fremont, NH (2023 Update)
- Fremont Solar Installation Cost: $9,818
- 25-Year Savings: $15,477
- Payback Period: 9.7 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Fremont
See how much it might cost to install solar panels in Fremont.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Fremont, the average cost of a solar system is 2.91 per watt. Using this figure, a typical 4.8-kW system would cost about $9,818 before the 30% federal solar tax credit is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Fremont homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. But, once you've paid the upfront cost of installation, the payback for most homeowners is usually fruitful, with a net average savings of about $20,000 over 20 years on energy bills.
For a free quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Fremont
| Year | Return on Investment |
|---|---|
| 1 years | $-8,807 |
| 3 years | $-6,783 |
| 5 years | $-4,759 |
| 7 years | $-2,736 |
| 9 years | $-712 |
| 11 years | $1,311 |
| 13 years | $3,335 |
| 15 years | $5,359 |
| 17 years | $7,382 |
| 19 years | $9,406 |
| 21 years | $11,429 |
| 23 years | $13,453 |
| 25 years | $15,477 |
Top Solar Installers in Fremont
Although you can install solar panels by yourself, it takes extra time and know-how. That's one of the reasons almost all homeowners choose to go with a solar panel installer. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can take advantage of and by providing warranties and repairs.
Working with a professional solar installer can make going solar easier. Here are our recommendations:
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 Fremont
Factors that Affect Solar Panel Costs in Fremont
There are several criteria that can influence your total installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that affects the overall cost of going solar. For that reason, it's a priority to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use. Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Fremont, where sunlight is relatively 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 a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Fremont to be too costly, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides financing options. Solar loans drastically decrease upfront costs for most homeowners, but they also result in higher prices over time due to interest. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or getting a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last significant cost factor you should keep in mind is the installer you choose. Given the booming popularity of clean energy solutions in Fremont, you'll have lots of options to choose from, but each comes at various price points for labor and equipment. Additionally, some companies in Fremont have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. However, they may charge more for that service. 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 | $3.03 | $12,711 | $18,781 | 10.1 years |
| 8 kW | $2.97 | $16,622 | $25,368 | 9.9 years |
| 10 kW | $2.91 | $20,370 | $32,117 | 9.7 years |
| 12 kW | $2.85 | $23,955 | $39,029 | 9.5 years |
| 14 kW | $2.79 | $27,377 | $46,104 | 9.3 years |
| 16 kW | $2.74 | $30,636 | $53,343 | 9.1 years |
| 18 kW | $2.68 | $33,733 | $60,744 | 8.9 years |
| 20 kW | $2.62 | $36,666 | $68,308 | 8.7 years |
How to Save on Solar Panels
There are numerous companies available in Fremont, and some homeowners feel overwhelmed considering their options. Picking the right company for you can be challenging, so here are some tips to help you decide:
- Contract: Before you sign a contract with a solar installer, be sure to look it over completely so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and what services you can expect from them.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you go with.
- Reputation: Make sure your solar company has a good reputation by verifying it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like EcoWatch.
- Warranty: If you're concerned about the longevity of your solar panels, verifying that your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Fremont, NH Solar Cost FAQs
How much does it cost to install solar panels in Fremont?
This is a difficult question to answer precisely, because the cost depends on many factors. Generally 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 be more expensive if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy usage. Conversely, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Fremont?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you don't have access to many solar incentives. Also your property value won't increase, so you'll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
Can solar panels significantly reduce my energy bills?
Solar panels can potentially eliminate your electricity bills depending on your location and how much sunlight your home gets. Even if it doesn't get rid of them completely, you can save a lot of money on your bills, about $1,049.74 per year.
How long do solar panels last in Fremont?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them once you've had them for that long or you can continue to use 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.