Solar Panel Cost Guide in Gilmanton, NH (2023 Update)
- Gilmanton Solar Installation Cost: $10,083
- 25-Year Savings: $16,680
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Gilmanton
See how much it might cost to go solar in Gilmanton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gilmanton, the typical cost of a solar system is 2.91 per watt. Using this figure, a typical 5.0-kW system would cost about $10,083 before the 30% federal solar tax credit is applied.
The actual price you pay can go above or below the average in Gilmanton based on a few factors, such as the kind of solar panels you choose and the solar company you hire. But, after you've paid the initial cost of installation, the ROI for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on power bills.
You can click the button below to get connected with a vetted solar company in Gilmanton for a quote for your home.
Solar savings over time in Gilmanton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,013 |
| 3 years | $-6,872 |
| 5 years | $-4,731 |
| 7 years | $-2,590 |
| 9 years | $-448 |
| 11 years | $1,693 |
| 13 years | $3,834 |
| 15 years | $5,975 |
| 17 years | $8,116 |
| 19 years | $10,257 |
| 21 years | $12,398 |
| 23 years | $14,539 |
| 25 years | $16,680 |
Top Solar Installers in Gilmanton
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using a solar panel installer can make your swap to solar power much easier. Some solar companies, especially local ones, can help you take advantage of incentives in Gilmanton, thereby optimizing your ROI.
Working with a professional solar installer can help you make the most of your investment in solar. 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 Gilmanton
Factors that Affect Solar Panel Costs in Gilmanton
There are several factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That's why it's important to accurately ascertain the size of the solar energy system needed for your home by figuring out your energy needs. There are a lot of different solar panel brands and the one you choose also changes the cost. Typically, the brands that have better efficiency tend to also cost more. Additionally, the type of equipment you're looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be difficult. Solar loans are offered by most installers in Gilmanton, which can lower, or in some cases eliminate, your upfront costs to make solar more accessible. Although solar loans make switching to solar energy more accessible for Gilmanton homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
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 Gilmanton is the company you hire to install your solar system. Similar to choosing a company to build a deck or pool, for example, you'll have many options for solar installers that offer a range of services for different budgets. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $19,748 | 9.8 years |
| 8 kW | $2.97 | $16,622 | $26,656 | 9.6 years |
| 10 kW | $2.91 | $20,370 | $33,728 | 9.4 years |
| 12 kW | $2.85 | $23,955 | $40,962 | 9.2 years |
| 14 kW | $2.79 | $27,377 | $48,359 | 9.0 years |
| 16 kW | $2.74 | $30,636 | $55,920 | 8.8 years |
| 18 kW | $2.68 | $33,733 | $63,643 | 8.7 years |
| 20 kW | $2.62 | $36,666 | $71,529 | 8.5 years |
How to Save on Solar Panels
The solar panel company you go with will affect not only your overall costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are some important things you should take into account, including:
- Reputation: Solar installers that have great reviews from their customers and that have been operating for many years likely provide good-quality solar panel installation and expertise.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Contract: Before you sign a contract with a solar installer, make sure you read it through completely so you understand the terms. Also, ask questions if you're unsure about some of the terms, such as what to do if a part breaks or malfunctions and what services you can expect from them.
- Warranty: A quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
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 Gilmanton, NH Solar Cost FAQs
How much does it cost to install solar panels in Gilmanton?
The average cost of solar panels in Gilmanton is about $14,550 for a 5-kW system and $29,100 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 consume.
Should I lease or buy solar panels in Gilmanton?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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 financial benefits from going solar.
How much can I save on power bills after installing solar panels?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Gilmanton, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
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 after having 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.