Solar Panel Cost Guide in Loudon, NH (Mar 2023)
- Loudon Solar Installation Cost: $10,144
- 25-Year Savings: $14,793
- Payback Period: 10.2 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Loudon
Find out what the average cost of installing solar panels is in Loudon.
While the national average of solar panels is $2.66 per watt, solar panels in Loudon generally cost about 2.91. The average solar panel system size in Loudon is around 5.0 kilowatts, meaning a cost of about $10,144 for a solar installation, or $14,506 before the 30% federal solar tax credit is applied.
The true cost of your system can be above or below the average in Loudon based on a few factors, such as the kind of solar panels you choose and the solar installer you hire. Even with the high upfront cost, the average Loudon homeowner can save around $19,000 on their power bills over 20 years, which is one of the perks of solar.
You can click the button below to get connected with a top solar installer in Loudon that can help you get a more accurate cost estimate for your home.
Solar savings over time in Loudon
| Year | Return on Investment |
|---|---|
| 1 years | $-9,147 |
| 3 years | $-7,152 |
| 5 years | $-5,157 |
| 7 years | $-3,162 |
| 9 years | $-1,167 |
| 11 years | $828 |
| 13 years | $2,823 |
| 15 years | $4,818 |
| 17 years | $6,813 |
| 19 years | $8,808 |
| 21 years | $10,803 |
| 23 years | $12,798 |
| 25 years | $14,793 |
Top Solar Installers in Loudon
When making the switch to solar, many homeowners opt to use a solar company since DIY solar panel installation can be a challenging project. The payback period on a solar system will vary based on factors like your roof configuration and energy consumption, 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.
There are several licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Loudon
Factors that Affect Solar Panel Costs in Loudon
There are many factors that can affect your solar system installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,910. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer higher efficiency. In a city like Loudon, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of 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
Most solar companies in Loudon provide solar loans, which reduce the initial cost of installing a solar system. Although solar loans make going solar more accessible for Loudon homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of sustainable energy solutions in Loudon, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. 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 come with an above-average cost. It's best to do some research and go with the company that has the products, warranties and services you're looking for and also is within 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 | $3.03 | $12,711 | $17,336 | 10.6 years |
| 8 kW | $2.97 | $16,622 | $23,440 | 10.4 years |
| 10 kW | $2.91 | $20,370 | $29,708 | 10.2 years |
| 12 kW | $2.85 | $23,955 | $36,138 | 10.0 years |
| 14 kW | $2.79 | $27,377 | $42,732 | 9.8 years |
| 16 kW | $2.74 | $30,636 | $49,488 | 9.6 years |
| 18 kW | $2.68 | $33,733 | $56,408 | 9.4 years |
| 20 kW | $2.62 | $36,666 | $63,490 | 9.2 years |
How to Save on Solar Panels
The solar installer you opt for will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should keep in mind, including:
- Warranty: Warranties that cover replacement parts and repairs over a couple decades are the gold standard in the business, and offering that kind of warranty is one indication of a quality company.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Contract: Though reading through a contract can take a lot of time, it's important to do it thoroughly so you can make sure you understand what services your solar company will provide and how part repairs and replacements will be handled.
- Reputation: Companies that have been in business for many years likely have a good reputation. This is important because it ensures that it will not only see your solar installation through, but will also provide adequate 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 Loudon, NH Solar Cost FAQs
How much does it cost to install solar panels in Loudon?
The average cost of solar panels in Loudon is about $14,550 for a 5-kW system and $29,100 for a 10-kW system before the ITC, but the actual cost will depend on things such as the kind of solar panels you want, what size system you need and how much energy you use.
Is cost the most important thing to think about when buying solar panels?
The initial cost is a key factor to consider, but whether it's the most important for you depends on your goals for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to consider are the quality and durability of your solar panels.
Do solar panels increase your home value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don't opt for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing a solar system."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and how much sunlight your roof gets. You can take a 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 get 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.