Solar Panel Cost Guide in Hopkinton, NH (2025 Update)
- Hopkinton Solar Installation Cost: $14,710
- 25-Year Savings: $13,573
- Payback Period: 15.5 Years
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Average Cost of Solar Panels in Hopkinton
Let’s take a look at the average cost of solar in Hopkinton.
Although the national average of solar panels is $2.66 per watt, solar panels in Hopkinton typically cost about 4.The average solar panel system size in Hopkinton is around 5.0 kilowatts, meaning a cost of about $14,710 for a solar installation, or $21,035 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Hopkinton homeowners. The cost 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.But, once you've paid the upfront cost of installation, the ROI for most homeowners is quite fruitful, with a net average savings of about $18,000 over 20 years on utility bills.
You can click the button below to get connected with a top solar company in Hopkinton that can help you get a more accurate cost estimate for your home.
Solar savings over time in Hopkinton
| Year | Return on Investment |
|---|---|
| 1 years | $-13,303 |
| 3 years | $-10,489 |
| 5 years | $-7,676 |
| 7 years | $-4,862 |
| 9 years | $-2,048 |
| 11 years | $765 |
| 13 years | $3,579 |
| 15 years | $6,392 |
| 17 years | $9,206 |
| 19 years | $12,020 |
| 21 years | $14,833 |
| 23 years | $17,647 |
| 25 years | $20,461 |
Top Solar Installers in Hopkinton
Although you can install solar panels yourself, it takes extra effort and knowledge. That's why the majority of homeowners choose to hire a solar panel installer. Another perk of utilizing a solar company is that they can help you make the most of your return of investment by reducing your future costs of repairs and replacements because of warranties and giving you information on local incentives you can take advantage of.
There are several licensed solar professionals that can help you install your solar panels. Here are our suggestions:
See all of the solar companies in Hopkinton
Factors that Affect Solar Panel Costs in Hopkinton
The cost of installing a solar system in Hopkinton can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s crucial to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs.There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also be more expensive. Additionally, the type of equipment you choose can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Hopkinton provide solar loans, which reduce the initial cost of installing solar.When considering your overall cost, you should also calculate the interest you’ll pay if you decide on a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Finally, the company you hire to install your solar panels can influence how much you pay. Hopkinton’s solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — 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 find a company that has 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 | $4.39 | $18,433 | $10,143 | 16.1 years |
| 8 kW | $4.30 | $24,105 | $13,997 | 15.8 years |
| 10 kW | $4.22 | $29,540 | $18,086 | 15.5 years |
| 12 kW | $4.14 | $34,739 | $22,413 | 15.2 years |
| 14 kW | $4.05 | $39,702 | $26,975 | 14.9 years |
| 16 kW | $3.97 | $44,428 | $31,774 | 14.6 years |
| 18 kW | $3.88 | $48,918 | $36,809 | 14.3 years |
| 20 kW | $3.80 | $53,172 | $42,081 | 14.0 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Contract: Look through the contract terms closely to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: Long-running companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the project completion timeline.
EcoWatch's Hopkinton, NH Solar Cost FAQs
How much does it cost to install solar panels in Hopkinton?
The average cost of solar panels in Hopkinton is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you use.
What other factors should I consider aside from cost when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Is going solar worth it?
Whether or not solar panels are worth it depends on some different factors like how much you pay for electricity and the amount of direct sunlight your roof gets.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to buy between 20 and 35 panels to account for their typical energy usage.
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.