Solar Panel Cost Guide in Jaffrey, NH (2023 Update)
- Jaffrey Solar Installation Cost: $10,185
- 25-Year Savings: $14,816
- Payback Period: 10.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Jaffrey
Let's have a look at the average cost of solar in Jaffrey.
While the national average of solar panels is $2.66 per watt, solar panels in Jaffrey generally cost around 2.91. Since a 5.0-kW system is needed to cover the energy usage of a typical home in Jaffrey, the average price of going solar will be about $10,185 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy use, the type of equipment you want, your solar contractor and more. With typical savings of about $19,000 on energy bills over 20 years, many homeowners in Jaffrey find investing in solar can pay off big.
To calculate your potential ROI and connect with a local solar installer, click the button below.
Solar savings over time in Jaffrey
| Year | Return on Investment |
|---|---|
| 1 years | $-9,185 |
| 3 years | $-7,185 |
| 5 years | $-5,185 |
| 7 years | $-3,185 |
| 9 years | $-1,185 |
| 11 years | $815 |
| 13 years | $2,815 |
| 15 years | $4,815 |
| 17 years | $6,815 |
| 19 years | $8,815 |
| 21 years | $10,815 |
| 23 years | $12,815 |
| 25 years | $14,816 |
Top Solar Installers in Jaffrey
Trying to put up solar panels yourself can be a difficult undertaking, which is why hiring a solar installer is a good option for many homeowners. Another upside of going with a solar company is that they can help you maximize your ROI by reducing your future costs of repairs and replacements because of warranties and helping you learn about local incentives you can take advantage of.
Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:
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
Even though the average cost of a solar system in Jaffrey is $10,185, your final cost may be above or below the average. There are several factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to consider.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by nearly $2,910. 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 opt for 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 over time on your electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Jaffrey average.
Solar Financing Terms
Solar panels can save you money on utility bills over time, but they can also be a big investment. That's why many Jaffrey homeowners choose to finance their solar panel systems to make going solar more affordable. However, the interest on solar loans also adds to your overall costs, so it's vital to keep that in mind as well. You can always reduce the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panel system can influence the cost. Jaffrey's solar companies all have different labor costs and add varying upcharges to equipment. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower pricing due to access to more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or promotion 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 | $3.03 | $12,711 | $17,313 | 10.6 years |
| 8 kW | $2.97 | $16,622 | $23,410 | 10.4 years |
| 10 kW | $2.91 | $20,370 | $29,670 | 10.2 years |
| 12 kW | $2.85 | $23,955 | $36,093 | 10.0 years |
| 14 kW | $2.79 | $27,377 | $42,679 | 9.8 years |
| 16 kW | $2.74 | $30,636 | $49,428 | 9.6 years |
| 18 kW | $2.68 | $33,733 | $56,339 | 9.4 years |
| 20 kW | $2.62 | $36,666 | $63,414 | 9.2 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you find the right company for you, here are some tips to keep in mind:
- Contract: When reading through your solar company's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you hire.
- 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 installation through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
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 hard question to answer precisely, because the cost depends on a variety of factors. Broadly 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 be more expensive if you want extra solar equipment or higher quality panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.
What other factors should I consider aside from cost when buying solar panels?
Cost is a very important factor to consider, but whether it's the most important for you depends on your goals for going solar. In cities where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to keep in mind are the quality and durability of your solar panels.
Can you sell solar power back to the grid in Jaffrey?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system produces or or receive credits to put toward future energy bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How long do solar panels last in Jaffrey?
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 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.