Solar Panel Cost Guide in Haverhill, NH (2025 Update)
- Haverhill Solar Installation Cost: $15,252
- 25-Year Savings: $16,283
- Payback Period: 14.2 Years
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Average Cost of Solar Panels in Haverhill
Let’s take a look at the average cost of solar panels in Haverhill.
The average cost of solar panels in Haverhill is 4 per watt.To account for the typical energy needs of the average home in Haverhill, most homeowners require a 5.2-kilowatt system. Using the per-watt figure above, a solar installation costs about $15,252, or $21,810 before the federal solar tax credit of 0 is applied.
Bear in mind that the figures above are only estimates based on the average energy use of Haverhill homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.With average savings of about $20,000 on utility bills over 20 years, many homeowners in Haverhill find going solar can be quite rewarding.
Click the button below to get connected to a reputable solar company in your area for a custom quote.
Solar savings over time in Haverhill
| Year | Return on Investment |
|---|---|
| 1 years | $-13,845 |
| 3 years | $-11,032 |
| 5 years | $-8,218 |
| 7 years | $-5,404 |
| 9 years | $-2,591 |
| 11 years | $223 |
| 13 years | $3,037 |
| 15 years | $5,850 |
| 17 years | $8,664 |
| 19 years | $11,478 |
| 21 years | $14,291 |
| 23 years | $17,105 |
| 25 years | $19,919 |
Top Solar Installers in Haverhill
Installing solar panels by yourself can be a stressful undertaking, which is why hiring a solar installation company is a good option for many homeowners. Local solar installation companies can also help you optimize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
If you’d like to make the switch to solar but still aren’t sure which solar system installer to go with, here are our suggestions for providers near you:
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 Haverhill
Factors that Affect Solar Panel Costs in Haverhill
Cost is typically one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Haverhill: solar equipment and system size, financing options and the solar installation company you choose. We’ll cover each of these briefly below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. Because of that, it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use.The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you’re opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
For some homeowners, paying for solar panels out of pocket can be financially overwhelming. Solar loans are offered by most installers in Haverhill, which can bring down, or in some cases completely eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also adds to your overall costs, so it’s important to take that into consideration as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar company you go with to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies in Haverhill, and each can charge varying amounts for labor and equipment.You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment 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 | $12,710 | 14.8 years |
| 8 kW | $4.30 | $24,105 | $17,420 | 14.5 years |
| 10 kW | $4.22 | $29,540 | $22,366 | 14.2 years |
| 12 kW | $4.14 | $34,739 | $27,548 | 13.9 years |
| 14 kW | $4.05 | $39,702 | $32,966 | 13.7 years |
| 16 kW | $3.97 | $44,428 | $38,621 | 13.4 years |
| 18 kW | $3.88 | $48,918 | $44,512 | 13.1 years |
| 20 kW | $3.80 | $53,172 | $50,639 | 12.8 years |
How to Save on Solar Panels
The solar panel company you choose will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are several important things you should keep in mind, such as:
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the best you can get in the business, and offering such a warranty is one sign of a quality company.
- Installation Process: When going solar, it’s essential to keep an open line of communication with your solar installer. See to it that you understand how the installation process works and the completion timeline.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like the EcoWatch team.
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 Haverhill, NH Solar Cost FAQs
What is the average cost of installing solar panels in Haverhill?
This is a tough question to answer precisely, because the cost depends on a variety of 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. You can expect to pay more if you want other solar equipment or more efficient panels, or if you have above-average energy usage. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Haverhill?
Leasing solar panels can be an appealing choice, as it typically 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 it worth going solar in Haverhill?
Whether or not solar panels are worth it depends on some different factors like local electricity rates and the amount of direct sunlight your roof gets.
How often do you have to replace solar panels?
Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable 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.