Solar Panel Cost Guide in Haverhill, NH (2023 Update)
- Haverhill Solar Installation Cost: $15,252
- 25-Year Savings: $16,283
- Payback Period: 14.2 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Haverhill
Let's have a look at the average cost of solar in Haverhill.
The average cost of a solar panel system in Haverhill is 2.91 per watt.The average solar panel system size in Haverhill is around 5.2 kilowatts, meaning a cost of about $10,511 for a solar installation, or $15,031 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The true cost of installing solar panels can vary based on multiple factors, such as how many panels you need, your energy usage and what solar installer you go with.But, after you've paid the upfront cost of installation, the payback for most homeowners is quite rewarding, with a net average savings of about $20,000 over 20 years on power bills.
To calculate your potential savings and connect with a local solar company, click the button below.
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
Many homeowners choose to use a solar panel company since installing solar panels by yourself can be a lot of work. Some solar companies, particularly local ones, can help you make the most of incentives in Haverhill, thereby optimizing your ROI.
Working with a licensed solar company 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 Haverhill
Factors that Affect Solar Panel Costs in Haverhill
The cost of installing a solar system in Haverhill can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The most significant one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. That's why it's a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your energy needs.The brand and type of equipment you want for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof 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
Solar panels can save you money on power bills over time, but they can also be a significant investment. That's why many Haverhill homeowners opt to finance their solar panel systems to make paying for solar more affordable.You'll have to consider the long-term cost of financing options, including the amount of 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 more than the original cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The solar panel installation company you pick will play a role in your total cost to adopt solar power. Different companies will charge different amounts for the equipment and labor.The size of the company sometimes plays the most considerable role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because of more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower to compete with bigger names.
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 installer you go with will influence not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Contract: When reading over your solar installer'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.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you ask for their list of options before deciding.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Warranty: A quality company rises above 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 Haverhill, NH Solar Cost FAQs
How much does it cost to install solar panels in Haverhill?
The average cost of solar panels in Haverhill 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 use.
Is cost the most important thing to think about when buying solar panels?
The initial 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 places where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
Is it worth going solar in Haverhill?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and how much direct sunlight your roof gets.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.