Solar Panel Cost Guide in Greenland, NH (2023 Update)
- Greenland Solar Installation Cost: $9,817
- 25-Year Savings: $13,900
- Payback Period: 10.3 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Greenland
Let's have a look at the average cost of solar in Greenland.
In Greenland, solar panels cost about 2.91 per watt on average. To account for the typical energy needs of the average home in Greenland, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $9,818, or $14,040 before the federal solar tax credit of 30% is applied.
These figures are only averages, and how much solar costs for you will differ based on the amount of energy your home requires and what company you want to go with. Despite the large initial cost, the average Greenland homeowner can save about $19,000 on their energy bills over 20 years, which is one of the advantages of solar.
For a free quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Greenland
| Year | Return on Investment |
|---|---|
| 1 years | $-8,410 |
| 3 years | $-5,596 |
| 5 years | $-2,783 |
| 7 years | $31 |
| 9 years | $2,845 |
| 11 years | $5,658 |
| 13 years | $8,472 |
| 15 years | $11,285 |
| 17 years | $14,099 |
| 19 years | $16,913 |
| 21 years | $19,726 |
| 23 years | $22,540 |
| 25 years | $25,354 |
Top Solar Installers in Greenland
Putting up solar panels by yourself can be a dangerous task, which is why getting a solar installation company is a good option for many homeowners. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
If you'd like to make the switch to solar but still aren't certain which solar installer to go with, here are our recommendations for providers near you:
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 Greenland
Factors that Affect Solar Panel Costs in Greenland
There are a number of factors that can play into your solar panel 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
Solar system size, which is measured in kilowatts, is one of the largest factors that affects 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 typical energy use. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, more efficient panels could save you more in the long run on your power bills. In addition, extra products, such as solar batteries, can bump up your total well above the Greenland average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Greenland homeowners decide to finance their solar panel systems to make going solar more affordable. Though solar loans make going solar more accessible for Greenland 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 cut back on how much interest you have to pay.
Solar Panel Installation Company
The solar panel installer you pick will play a role in your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. Some companies 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 at a higher cost. It's best to do some research and go with the company that provides the products, warranties and services you want and also fit into 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 | $3.03 | $12,711 | $16,816 | 10.8 years |
| 8 kW | $2.97 | $16,622 | $22,747 | 10.6 years |
| 10 kW | $2.91 | $20,370 | $28,841 | 10.3 years |
| 12 kW | $2.85 | $23,955 | $35,099 | 10.1 years |
| 14 kW | $2.79 | $27,377 | $41,519 | 9.9 years |
| 16 kW | $2.74 | $30,636 | $48,102 | 9.7 years |
| 18 kW | $2.68 | $33,733 | $54,848 | 9.5 years |
| 20 kW | $2.62 | $36,666 | $61,757 | 9.3 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 difficult, we have some tips to help you, such as:
- Warranty: Warranties that provide coverage for replacement parts and repairs over a long period of time such as 25 years are the best you can get in the business, and offering such a warranty is one mark of a quality company.
- Solar Panel Brands: Different companies will have different brands and types of panels. If you know you want a specific brand, make sure the solar company you're considering has it.
- Contract: When looking through your solar company's contract, ask questions about any terms you're not sure of and make sure you understand what happens in scenarios such as a system part breaking or the company going out of business.
- Installation Process: An important thing to understand when going solar is the installation process itself. Be sure to clarify any details you should know with your solar installer, such as what permits you should secure and how long the project will take.
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 Greenland, NH Solar Cost FAQs
What is the average cost of installing solar panels in Greenland?
The average cost of solar panels in Greenland 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Can solar panels eliminate my energy bills?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Greenland, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
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 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.