Solar Panel Cost Guide in Loudon, NH (2023 Update)
- Loudon Solar Installation Cost: $10,144
- 25-Year Savings: $14,794
- Payback Period: 10.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Loudon
We go over average solar pricing in Loudon.
The average cost of a solar panel system in Loudon is 2.91 per watt. The average Loudon homeowner needs a 5.0-kilowatt system, which would cost about $10,144 with the federal tax credit, or $14,506 before the 30% tax credit is applied.
Keep in mind that the figures above are only estimates based on the average energy use of Loudon homeowners. The cost of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor. Despite the large initial cost, the average Loudon homeowner can save about $19,000 on their power bills over 20 years, which is one of the benefits of solar.
You can click the button below to get connected with a top solar company 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 | $-10,060 |
| 3 years | $-9,894 |
| 5 years | $-9,728 |
| 7 years | $-9,562 |
| 9 years | $-9,395 |
| 11 years | $-9,229 |
| 13 years | $-9,063 |
| 15 years | $-8,897 |
| 17 years | $-8,731 |
| 19 years | $-8,564 |
| 21 years | $-8,398 |
| 23 years | $-8,232 |
| 25 years | $-8,066 |
Top Solar Installers in Loudon
Many homeowners decide to use a solar installation company since trying to install solar panels yourself can be challenging. The payback period on a solar system will vary depending on factors like your location and energy needs, 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 help you install your solar panels. 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
For many Loudon homeowners, the decision to install solar panels rests on cost. However, the range of solar installation costs can be quite wide in Loudon, with typical prices between $20,000 to $40,000. There are a number of 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 installing solar panels is the size of the solar system, which is measured in kilowatts (kW). The more power your household uses, the larger your system will likely need to be. You can expect to spend about $2,910 per kilowatt in Loudon. The kind of solar equipment you choose can increase or decrease your cost 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. On the other hand, more efficient panels could save you more in the long run on your energy bills. In addition, extra products, such as solar batteries, can bring your total well above the Loudon average.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be difficult. Solar loans are provided by most installers in Loudon, which can bring down, or in some cases eliminate, your upfront costs to make solar more accessible. When considering your overall cost, you should also calculate the interest you'll pay if you choose to go with a solar loan. Also, paying more on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
The remaining major cost factor you should take into consideration 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 varying price points for labor and equipment. Additionally, some companies in Loudon are more knowledgeable about local solar incentives and can help you take advantage of additional rebates or tax exemptions. Though, 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 | $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
There are many companies to choose from in Loudon, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be tough, so here are some tips to help you decide:
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for renewable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a good reputation and is qualified to do the job well. Another way you can research your installer's reputation is by reading reviews.
- Solar Panel Brands: Not all solar installers offer the same brands of solar panels, so the brand and type of panel you want can play a large role in the company you go with.
- Contract: Even 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 the terms of the warranty.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on part replacement and repairs.
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
What is the average cost of installing 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 like the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Loudon?
Leasing solar panels can be an option if you are unable to pay upfront or secure a solar loan, but since you don't own the system, you can't take advantage of 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 financial benefits from going solar.
How much can I save on power bills after installing solar panels?
It is possible to eliminate your electricity bills with solar panels, but for most homeowners throughout Loudon, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
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 how much energy they produce will have decreased significantly after that point. You can choose to replace them once you've had them for that long or you can continue to use 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.