Solar Panel Cost Guide in Meredith, NH (2025 Update)
- Meredith Solar Installation Cost: $14,614
- 25-Year Savings: $16,923
- Payback Period: 13.5 Years
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Average Cost of Solar Panels in Meredith
Let’s take a look at the average cost of solar in Meredith.
In Meredith, solar panels cost about 4 per watt on average.Because a 4.9-kW system is needed to cover the energy consumption of a typical home in Meredith, the average price of going solar will be about $14,614 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average Meredith homeowner. The price of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor.Many homeowners find installing a solar system is a fruitful investment. The average homeowner in Meredith can save about $21,000 on their electricity bills over 20 years.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Meredith
| Year | Return on Investment |
|---|---|
| 1 years | $-13,185 |
| 3 years | $-10,327 |
| 5 years | $-7,469 |
| 7 years | $-4,610 |
| 9 years | $-1,752 |
| 11 years | $1,106 |
| 13 years | $3,964 |
| 15 years | $6,822 |
| 17 years | $9,680 |
| 19 years | $12,538 |
| 21 years | $15,396 |
| 23 years | $18,254 |
| 25 years | $21,112 |
Top Solar Installers in Meredith
Trying to put up solar panels on your own can be a time-consuming project, which is why using a solar installation company is a good option for many homeowners. Also, companies with a good reputation that cost more upfront could actually save you money in the long term due to their warranties, repair services and expert design.
There are various licensed solar professionals that can install solar panels for you. Here are our suggestions:
See all of the solar companies in Meredith
Factors that Affect Solar Panel Costs in Meredith
For many Meredith homeowners, the decision to install solar panels depends on cost. However, the range of solar installation costs can be quite wide in Meredith, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important 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 consumes, the larger your system will likely need to be. You can expect to pay around $4,220 per kilowatt in Meredith.The kind of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that have higher efficiency, like monocrystalline panels, tend to cost more. Further, solar equipment consists of more than just the solar panels themselves. You’ll also need to think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when searching for a solar system that’s in your budget.
Solar Financing Terms
For some homeowners, paying for solar out of pocket can be financially overwhelming. Solar loans are available from most installers in Meredith, which can bring down, or in some cases totally eliminate, your upfront costs to make solar more affordable.However, the interest on solar loans also increases your total costs, so it’s crucial to take that into consideration as well. You can always bring down the total you pay in interest and in some cases even your APR by making a larger down payment.
Solar Panel Installation Company
The solar company you opt for to handle your switch to renewable energy can have an effect on your total costs. There are about 3 solar panel companies in Meredith, and each can charge different amounts for labor and equipment.Companies that 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 at a higher cost. It’s best to do some research and decide on the company that offers 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 | $14,313 | 14.1 years |
| 8 kW | $4.30 | $24,105 | $19,557 | 13.8 years |
| 10 kW | $4.22 | $29,540 | $25,036 | 13.5 years |
| 12 kW | $4.14 | $34,739 | $30,753 | 13.3 years |
| 14 kW | $4.05 | $39,702 | $36,705 | 13.0 years |
| 16 kW | $3.97 | $44,428 | $42,894 | 12.7 years |
| 18 kW | $3.88 | $48,918 | $49,319 | 12.4 years |
| 20 kW | $3.80 | $53,172 | $55,981 | 12.2 years |
How to Save on Solar Panels
The company that does your solar system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be a challenge, we have some tips to help you, such as:
- Installation Process: When going solar, it’s important to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: The type of solar panel you need plays a part in which installer you should choose, since different companies provide different panels.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Reputation: Make sure your solar panel installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by previous customers and solar experts like the EcoWatch team.
EcoWatch's Meredith, NH Solar Cost FAQs
What is the average cost of installing solar panels in Meredith?
This is a difficult question to answer exactly, because the cost depends on a variety of 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 additional solar equipment or higher quality panels, or if you have higher-than-average energy consumption. Conversely, you can spend less if you want a smaller solar panel system or less expensive solar panels.
Should I lease or buy solar panels in Meredith?
Leasing solar panels can be an attractive choice, because it usually comes with low or $0 upfront payments. The drawback is that you won’t be able to save as much. If you lease, you don’t own the system, so you can’t claim any incentives and your home value won’t increase. Buying solar panels is a better option if you want to get the most savings.
Do solar panels increase your home value?
Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Meredith is currently $658,095, so you can look forward to a value of about $26,982 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Meredith is a worthwhile investment.
How long do solar panels last in Meredith?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is their energy production 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.