Solar Panel Cost Guide in Laconia, NH (2023 Update)
- Laconia Solar Installation Cost: $10,077
- 25-Year Savings: $16,723
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Laconia
Find out what the average cost of installing solar panels is in Laconia.
The national average cost of solar panels is $2.66 per watt, but in Laconia it's 2.91 per watt. The average Laconia homeowner needs a 5.0-kilowatt system, which would cost about $10,083 with the federal tax credit, or $14,419 before the 30% tax credit is applied.
The true price you pay can be higher or lower than the average in Laconia based on a few factors, such as the type of solar panels you choose and the solar contractor you hire. With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Laconia find installing solar panels has a decent ROI.
To get a free estimate from a vetted solar installation company in Laconia, you can click the button below.
Solar savings over time in Laconia
| Year | Return on Investment |
|---|---|
| 1 years | $-9,988 |
| 3 years | $-9,809 |
| 5 years | $-9,631 |
| 7 years | $-9,452 |
| 9 years | $-9,273 |
| 11 years | $-9,095 |
| 13 years | $-8,916 |
| 15 years | $-8,737 |
| 17 years | $-8,559 |
| 19 years | $-8,380 |
| 21 years | $-8,201 |
| 23 years | $-8,023 |
| 25 years | $-7,844 |
Top Solar Installers in Laconia
Trying to put up solar panels on your own can be a stressful undertaking, which is why getting a solar installation company is a good option for many homeowners. Another perk of using a solar installer is that they can help you make the most of your ROI by reducing your future costs of repairs and replacements because of warranties and informing you of local incentives you can take advantage of.
You can get a free quote from a local solar installer on the cost of solar panels for your home. Here are some near you:
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 Laconia
Factors that Affect Solar Panel Costs in Laconia
For many Laconia homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Laconia, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant 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 electricity your household uses, the larger your system will likely need to be. You can expect to spend around $2,910 per kilowatt in Laconia. The brand and type of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to more savings over time. Also, if you want extra equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a big investment. That's why many Laconia homeowners decide to finance their solar panel systems to offset upfront costs. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more upfront can lower the total interest paid over time.
Solar Panel Installation Company
The solar company you select will affect your total cost to adopt solar power. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to greater 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 | $19,793 | 9.8 years |
| 8 kW | $2.97 | $16,622 | $26,716 | 9.6 years |
| 10 kW | $2.91 | $20,370 | $33,802 | 9.4 years |
| 12 kW | $2.85 | $23,955 | $41,052 | 9.2 years |
| 14 kW | $2.79 | $27,377 | $48,464 | 9.0 years |
| 16 kW | $2.74 | $30,636 | $56,039 | 8.8 years |
| 18 kW | $2.68 | $33,733 | $63,777 | 8.6 years |
| 20 kW | $2.62 | $36,666 | $71,679 | 8.5 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and how much efficiency they need. Even though there are many options for which brand of solar panel you can get, not every company will have the exact one you may want or need, so make sure you peruse their list of offerings before deciding.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: Read the contract terms carefully to make sure you understand the cost breakdown, project timeline incentives and warranties.
- Reputation: Companies that have been in business for many years likely have a high 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 support, 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 Laconia, NH Solar Cost FAQs
What is the average cost of installing solar panels in Laconia?
The average cost of solar panels in Laconia is about $14,550 for a 5-kW system and $29,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Laconia?
A solar panel system isn't free in Laconia, but there are some options that can make getting them more viable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.
Does Laconia have a net metering program?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just offer you credit toward your future electricity bills.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and the average daily 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 cover 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.
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.