Solar Panel Cost Guide in Haverhill, NH (2024 Update)
- Haverhill Solar Installation Cost: $15,252
- 25-Year Savings: $16,283
- Payback Period: 14.2 Years
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Updated February 03, 2024
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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.Using this figure, a typical 5.2-kW system would cost about $15,252 before the 0 federal solar tax credit 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 be different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the high upfront cost, the average Haverhill homeowner can save about $20,000 on their energy bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar company that has been pre-vetted by EcoWatch, 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
Putting up solar panels yourself can be a time-consuming undertaking, which is why using a solar installer is a good option for many homeowners. Local solar companies can also help you optimize your return on investment by walking you through any local incentives and by offering warranties and repairs.
If you’d like to switch to solar energy but still aren’t certain which solar system company to go with, here are our recommendations for providers near you:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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
For many Haverhill homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in Haverhill, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it’s a priority to accurately assess 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 increase or decrease your cost by thousands or even tens of thousands of dollars. If you get the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Haverhill average.
Solar Financing Terms
Most solar installers in Haverhill offer solar loans, which reduce your upfront costs of installing solar panels.Though solar loans make adopting solar energy more accessible for Haverhill 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 company you hire to handle your switch to clean energy can play a role in your total costs. There are about 3 solar panel companies in Haverhill, and each can charge varying amounts for labor and equipment.The size of the company sometimes plays the most significant role in the installation costs. Larger national companies, like SunPro and Sunrun, often have lower pricing 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 down 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
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based 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 the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Warranty: A comprehensive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be done and what the project timeline is.
- Reputation: Your solar installer should have a good reputation as a company and have demonstrated expertise in the field. Two ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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
What is the average cost of installing solar panels in Haverhill?
The average cost of solar panels in Haverhill is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on stuff 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 Haverhill?
Leasing solar panels can be an attractive choice, because it commonly comes with low or $0 upfront payments. The drawback 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 incentives and your home value won’t increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is making the switch to solar worth it?
Solar panels can be a fruitful investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your electricity bills are already fairly low, solar panels might not be for you.
How long do solar panels last in Haverhill?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger amount 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.