Solar Panel Cost Guide in Jaffrey, NH (2024 Update)
- Jaffrey Solar Installation Cost: $14,758
- 25-Year Savings: $14,823
- Payback Period: 14.8 Years
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Average Cost of Solar Panels in Jaffrey
Find out what the average cost of solar panels are in Jaffrey.
The average cost of a solar panel system in Jaffrey is 4 per watt.To cover the typical energy usage of the average home in Jaffrey, most homeowners require a 5.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,758, or $21,104 before the federal solar tax credit of 0 is applied.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may vary based on your household energy consumption, the type of solar system you want, your solar contractor and more.But, after you've paid the upfront cost of installation, the payback for most homeowners is quite fruitful, with a net average savings of about $19,000 over 20 years on utility bills.
To get a free quote from a top solar company in Jaffrey, you can click the button below.
Solar savings over time in Jaffrey
| Year | Return on Investment |
|---|---|
| 1 years | $-13,352 |
| 3 years | $-10,538 |
| 5 years | $-7,724 |
| 7 years | $-4,911 |
| 9 years | $-2,097 |
| 11 years | $717 |
| 13 years | $3,530 |
| 15 years | $6,344 |
| 17 years | $9,158 |
| 19 years | $11,971 |
| 21 years | $14,785 |
| 23 years | $17,599 |
| 25 years | $20,412 |
Top Solar Installers in Jaffrey
DIY solar panel installation is a way to cut costs, but it's an undertaking that can be a pain. Taking advantage of a solar panel installer can make your switch to solar power much easier. The payback period of solar panels will vary based on factors like your roof configuration and energy usage, but going with a solar company can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
Working with a licensed solar company can help you make the most of your investment in solar. Here are our recommendations:
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 Jaffrey
Factors that Affect Solar Panel Costs in Jaffrey
Though the average cost of a solar system in Jaffrey is $14,758, your final cost may differ. There are several factors that can have a major impact on the cost of a residential solar panel installation. Below are some of the more crucial things to consider.
Solar Equipment
One of the most important factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more energy your household uses, the larger your system will likely need to be. You can expect to pay about $4,220 per kilowatt in Jaffrey.The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose 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 in the long run on your energy bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Jaffrey average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many Jaffrey homeowners decide to finance their solar panel systems to offset upfront costs.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar company you choose will affect your total cost to adopt solar energy. Different companies will bill different amounts for the equipment and labor.Some companies only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally cost more. It’s best to do some research and go with the 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 | $11,591 | 15.3 years |
| 8 kW | $4.30 | $24,105 | $15,927 | 15.1 years |
| 10 kW | $4.22 | $29,540 | $20,500 | 14.8 years |
| 12 kW | $4.14 | $34,739 | $25,309 | 14.5 years |
| 14 kW | $4.05 | $39,702 | $30,354 | 14.2 years |
| 16 kW | $3.97 | $44,428 | $35,636 | 13.9 years |
| 18 kW | $3.88 | $48,918 | $41,154 | 13.6 years |
| 20 kW | $3.80 | $53,172 | $46,908 | 13.3 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 pick the right company for you, here are some tips to keep in mind:
- Reputation: Companies that have been operating for many years likely have a solid 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.
- Contract: When looking through your solar company’s contract, ask questions about any terms you’re not sure of and make sure you understand what happens in scenarios like a system part breaking or if the company goes out of business.
- Installation Process: Make sure you’re on the same page with the installer with regard to how the installation process will go and what you need to do before your solar panels are installed, such as repairing your electrical system or roof.
- Warranty: Warranties that provide coverage for defective panels and repairs over around 25 years are the gold standard in the business, and offering such a warranty is one indication of a quality company.
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 Jaffrey, NH Solar Cost FAQs
What is the average cost of installing solar panels in Jaffrey?
This is a difficult question to answer exactly, because the cost depends on many factors. Broadly 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 above-average energy consumption. Conversely, you can spend less if you go with a smaller solar panel system or less expensive solar panels.
Is it better to lease or buy solar panels in Jaffrey?
Leasing solar panels can be an option if you are unable to pay upfront or get a solar loan, but since you don’t own the system, you don’t have access to many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
Is switching to solar power worth it?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get enough sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How often do you have to replace solar panels?
Though 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 choose to replace them after having 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.