Solar Panel Cost Guide in Gilmanton, NH (2024 Update)
- Gilmanton Solar Installation Cost: $14,614
- 25-Year Savings: $16,686
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Gilmanton
Find out what the average cost of installing solar panels is in Gilmanton.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Gilmanton, the typical cost of solar panels is 4 per watt.To cover the typical energy usage of the average home in Gilmanton, most homeowners require a 4.9-kilowatt system. Using the figure above, a solar installation costs around $14,614, or $20,898 before the federal solar tax credit of 0 is applied.
The true cost of your system can go higher or lower than the average in Gilmanton based on a variety of factors, such as the brand of solar panels you choose and the solar contractor you hire.For many homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Gilmanton see about $21,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Gilmanton for a quote for your home.
Solar savings over time in Gilmanton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,207 |
| 3 years | $-10,393 |
| 5 years | $-7,580 |
| 7 years | $-4,766 |
| 9 years | $-1,952 |
| 11 years | $861 |
| 13 years | $3,675 |
| 15 years | $6,488 |
| 17 years | $9,302 |
| 19 years | $12,116 |
| 21 years | $14,929 |
| 23 years | $17,743 |
| 25 years | $20,557 |
Top Solar Installers in Gilmanton
Many homeowners choose to use a solar installer since figuring out how to install solar panels yourself can be challenging. In addition, if you’d like to maximize your investment in solar power, using a solar company can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a vetted solar company can help your solar project go smoothly. Here are our recommendations:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Gilmanton
Factors that Affect Solar Panel Costs in Gilmanton
The cost of installing a solar system in Gilmanton can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is the size of the system you need, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $4,220.Some solar panel brands — like Maxeon from SunPower — are more costly upfront but also tend to offer higher efficiency. In a city like Gilmanton, 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
Most solar installers in Gilmanton have solar loans, which reduce your upfront costs of installing a solar system.However, the interest on solar loans also increases your overall costs, so it’s important to consider that as well. You can always lower the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you choose to handle your switch to sustainable energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout Gilmanton, and each can charge varying amounts for labor and equipment.Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It’s best to do some research and go with the company that has the products, warranties and services you’re looking for and also fits within your budget.
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 | $14,026 | 14.2 years |
| 8 kW | $4.30 | $24,105 | $19,173 | 13.9 years |
| 10 kW | $4.22 | $29,540 | $24,558 | 13.7 years |
| 12 kW | $4.14 | $34,739 | $30,178 | 13.4 years |
| 14 kW | $4.05 | $39,702 | $36,035 | 13.1 years |
| 16 kW | $3.97 | $44,428 | $42,128 | 12.8 years |
| 18 kW | $3.88 | $48,918 | $48,457 | 12.6 years |
| 20 kW | $3.80 | $53,172 | $55,023 | 12.3 years |
How to Save on Solar Panels
There are many companies to choose from in Gilmanton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Well-established companies likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer support, such as part repairs and replacements.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running smoothly and save you money on part replacement and repairs.
- Installation Process: When making the switch to solar power, it’s essential to keep an open line of communication with your solar installer. Make sure you understand how the installation process will go and the completion timeline.
- Contract: It’s important to read your solar installer’s contract thoroughly to understand what services they will provide, what the warranty covers and what you can expect about your solar system’s energy production.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Gilmanton, NH Solar Cost FAQs
What is the average cost of installing solar panels in Gilmanton?
This is a tough question to answer exactly, because the cost depends on a few different 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 other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you choose a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Gilmanton?
Leasing solar panels can be an appealing choice, because it commonly 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 maximize your savings.
Is making the switch to solar worth it?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How many solar panels do I need to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much 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 buy 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.