Solar Panel Cost Guide in Hudson, NH (2024 Update)
- Hudson Solar Installation Cost: $14,627
- 25-Year Savings: $14,914
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in Hudson
Let’s take a look at the average cost of solar panels in Hudson.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Hudson, the typical cost of solar panels is 4 per watt.Using this figure, a typical 5.0-kW system would cost about $14,627 before the 0 federal solar tax credit is applied.
Keep in mind that the figures above are only estimates based on the average Hudson homeowner. 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.For many homeowners, the upfront cost of solar panels is worth paying. On average you could be looking at about $19,000 in savings on electricity bills over 20 years.
Click the button below to get connected to a highly rated solar installer in Hudson for a customized estimate.
Solar savings over time in Hudson
| Year | Return on Investment |
|---|---|
| 1 years | $-13,220 |
| 3 years | $-10,406 |
| 5 years | $-7,593 |
| 7 years | $-4,779 |
| 9 years | $-1,966 |
| 11 years | $848 |
| 13 years | $3,662 |
| 15 years | $6,475 |
| 17 years | $9,289 |
| 19 years | $12,103 |
| 21 years | $14,916 |
| 23 years | $17,730 |
| 25 years | $20,544 |
Top Solar Installers in Hudson
Putting up solar panels by yourself can be a challenging task, which is why getting a solar installer is a good option for many homeowners. Local solar installation companies can also help you optimize your return on investment by walking you through any local incentives you can benefit from and by providing warranties and repairs.
If you're looking for a solar company in Hudson, we've put together a list of our top suggestions here:
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 Hudson
Factors that Affect Solar Panel Costs in Hudson
The cost of installing a solar system in Hudson can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $4,220. Some solar brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Hudson, where sunlight isn’t as abundant, efficiency can quickly pay off. Plus, if you have a small roof or limited space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a significant investment. That’s why many Hudson homeowners choose 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 total interest you’ll pay over the length of the loan. If you’re only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or securing a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
The last major cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Hudson, you’ll have lots of options to choose from, but each comes at different price points for labor and equipment.Additionally, some companies in Hudson are more knowledgeable about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. 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 | $4.39 | $18,433 | $11,861 | 15.2 years |
| 8 kW | $4.30 | $24,105 | $16,287 | 14.9 years |
| 10 kW | $4.22 | $29,540 | $20,950 | 14.6 years |
| 12 kW | $4.14 | $34,739 | $25,848 | 14.3 years |
| 14 kW | $4.05 | $39,702 | $30,984 | 14.0 years |
| 16 kW | $3.97 | $44,428 | $36,355 | 13.7 years |
| 18 kW | $3.88 | $48,918 | $41,963 | 13.5 years |
| 20 kW | $3.80 | $53,172 | $47,807 | 13.2 years |
How to Save on Solar Panels
Since the type of solar panels and the installer you choose has an impact on your costs and your system’s durability and efficiency, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and efficiency. They will come at different prices as well. The company you choose affects which solar panel brands you have access to.
- Contract: Review the contract terms closely to make sure you understand the overall cost, project completion timeline incentives and warranties.
- 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 how long it will take.
- 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 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 Hudson, NH Solar Cost FAQs
What is the average cost of installing solar panels in Hudson?
This is a hard question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy consumption. On the other hand, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Can you get solar panels for free in Hudson?
You can’t get solar panels for free in Hudson. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d prefer to own your solar panels, you can finance them with a solar loan.
How much can I save on electricity bills after installing solar panels?
Solar panels can potentially eliminate your electricity bills depending on your location and the efficiency of your system. Even if it doesn’t get rid of them completely, you can save a lot of money on your bills, about $1,009.79 per year.
How often do you have to replace solar panels?
Although 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 opt to replace them once you've had them for that long or you can keep using 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.