Solar Panel Cost Guide in Henniker, NH (2023 Update)
- Henniker Solar Installation Cost: $10,144
- 25-Year Savings: $15,114
- Payback Period: 10.0 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated May 04, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in Henniker
We go over average solar pricing in Henniker.
In Henniker, solar panels cost about 2.91 per watt on average. Using this figure, a typical 5.0-kW system would cost about $10,144 before the 30% federal solar tax credit is applied.
These figures are just averages, and how much solar costs for you may look different based on the amount of energy your home requires and what company you go with. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Henniker see about $19,000 in savings on energy bills over 20 years.
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 Henniker
| Year | Return on Investment |
|---|---|
| 1 years | $-9,134 |
| 3 years | $-7,113 |
| 5 years | $-5,093 |
| 7 years | $-3,072 |
| 9 years | $-1,051 |
| 11 years | $969 |
| 13 years | $2,990 |
| 15 years | $5,011 |
| 17 years | $7,031 |
| 19 years | $9,052 |
| 21 years | $11,073 |
| 23 years | $13,093 |
| 25 years | $15,114 |
Top Solar Installers in Henniker
When going solar, many homeowners choose to hire a solar installer since installing a solar system yourself can be a challenging project. Companies can also have access to quality options of the best solar panels and help you pick which one will be right for your family.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Henniker
Factors that Affect Solar Panel Costs in Henniker
Even though the average cost of a solar system in Henniker is $10,144, your final cost may be higher or lower than that. There are several factors that can have a sizable impact on the cost of a solar system installation. Below are some of the more crucial things to keep in mind.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to pay about $2,910 per kilowatt in Henniker. The type of solar equipment you choose can bring your price up or down 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. However, more efficient panels could save you more in the long run on your energy bills. Additionally, extra products, such as solar batteries, can bring your total well above the Henniker average.
Solar Financing Terms
Many homeowners find the average cost of solar in Henniker to be prohibitively costly, even if the investment pays off over time. Thankfully, almost every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs in most cases, but they also result in paying more over time because of interest. However, the interest on solar loans also increases your overall costs, so it's crucial to consider that as well. You can always reduce the total you pay in interest and sometimes even your APR by making a larger down payment.
Solar Panel Installation Company
A final factor to consider when trying to figure out the cost of solar for your home or business in Henniker is the company you hire to install your solar panel system. As with choosing a company to renovate your kitchen, for instance, you'll have no shortage of solar installers that offer a range of services at different price points. Additionally, some companies in Henniker have more knowledge about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for walking you through the whole process. Even if they cost more upfront, they could end up saving you more money in the long run.
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 | $17,723 | 10.4 years |
| 8 kW | $2.97 | $16,622 | $23,956 | 10.2 years |
| 10 kW | $2.91 | $20,370 | $30,353 | 10.0 years |
| 12 kW | $2.85 | $23,955 | $36,912 | 9.8 years |
| 14 kW | $2.79 | $27,377 | $43,634 | 9.6 years |
| 16 kW | $2.74 | $30,636 | $50,520 | 9.4 years |
| 18 kW | $2.68 | $33,733 | $57,568 | 9.2 years |
| 20 kW | $2.62 | $36,666 | $64,779 | 9.0 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose significantly affects your costs and your system's efficiency, production, and durability, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Installation Process: Homeowners should make sure they understand how exactly the installation process will go, as well as important factors like the project timeline.
- Warranty: If you're concerned about the longevity of your solar system, making sure your installer offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Contract: When looking through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system component breaking or if the company goes out of business.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. Although there are many options for which kind 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 making your decision.
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 Henniker, NH Solar Cost FAQs
How much does it cost to install solar panels in Henniker?
This is a difficult question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $14,550 for a 5-kW system and $29,100 for a 10-kW system after the ITC is applied. It will cost more if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy needs. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to bear in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is it worth going solar in Henniker?
Solar panels can be a great investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your energy bills are already reasonably low, solar panels might not be for you.
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 goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.