Solar Panel Cost Guide in Merrimack, NH (Aug 2022)

  • Merrimack Solar Installation Cost: $10,659
  • 25-Year Savings: $14,341
  • Payback Period: 10.7 Years

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EcoWatch Local Advisors

By EcoWatch Local Advisors

Updated 7/19/2022

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Average Cost of Solar Panels in Merrimack

Find out how much it might cost to make the switch to solar in Merrimack.

Currently, the national average cost of solar panels is $2.66 per watt. However, in Merrimack, the typical cost of solar panels is $3 per watt. To account for the typical energy usage of the average home in Merrimack, most homeowners require a 5.0-kilowatt system. Using the figure above, a solar installation costs around $10,659, or $7,888 after the federal solar tax credit is applied.

Bear in mind that the figures above are only estimates based on the average Merrimack homeowner. The cost of a solar system for your home may look different depending on factors unique to you, like your household energy use and solar contractor. Many homeowners find adopting solar power is a solid investment. The average homeowner in Merrimack can save around $19,000 on their electricity bills over 20 years.

Click the button below to get connected to a reputable solar panel company in Merrimack for a customized estimate.

Solar savings over time in Merrimack

Year Return on Investment
1 years $-9,659
3 years $-7,659
5 years $-5,659
7 years $-3,659
9 years $-1,659
11 years $341
13 years $2,341
15 years $4,341
17 years $6,341
19 years $8,341
21 years $10,341
23 years $12,341
25 years $14,341

Top Solar Installers in Merrimack

Trying to put up solar panels on your own can be a time-consuming task, which is why hiring a solar installation company is a good option for many homeowners. The payback period on a solar system will vary based on factors like your roof configuration and energy consumption, but working with a solar installer can help you reach a break-even point sooner. Your provider will be able to help you get the most out of incentives available in your area.

Working with a vetted solar installer can help your solar project go smoothly. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

See all of the solar companies in Merrimack

Factors that Affect Solar Panel Costs in Merrimack

The cost of installing a solar system in Merrimack can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The largest one is your system size, and other factors include equipment choices, financing options and the solar company you choose.

Solar Equipment Size

Size is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it's important to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. Some solar brands — like Maxeon from SunPower — are more costly upfront but also tend to offer better efficiency. In a city like Merrimack, where sunlight isn't as abundant, efficiency can quickly pay off. Also, if you have a small roof or limited space for your panels, higher efficiency options will be more impactful. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.

Solar Financing Terms

Most solar installers in Merrimack have solar loans, which reduce your upfront costs of installing a solar system. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the original cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.

Solar Panel Installation Company

A final factor to consider when trying to estimate the cost of solar for your home or business in Merrimack is the company you get to install your solar panel system. Similar to choosing a company to renovate your kitchen, for instance, there's no shortage of solar installers that offer a range of services at different price points. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk equipment pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.

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 $13,437 $16,856 11.1 years
8 kW $2.97 $17,572 $22,820 10.9 years
10 kW $2.91 $21,534 $28,956 10.7 years
12 kW $2.85 $25,324 $35,263 10.4 years
14 kW $2.79 $28,942 $41,744 10.2 years
16 kW $2.74 $32,387 $48,396 10.0 years
18 kW $2.68 $35,660 $55,221 9.8 years
20 kW $2.62 $38,761 $62,218 9.6 years

Solar Incentives in Merrimack

Name ITC
Type Tax Incentive
Incentive Amount 26% of installation cost
Website Visit here

Name Residential Small Renewable Energy Rebate Program
Incentive Amount $0.20/watt
Incentive Max $1,000 or 30% of system costs, whichever is less
Website Visit here
More Info Click here

Name Local Option - Property Tax Exemption for Renewable Energy and Electrical Energy Storage
Incentive Amount Varies (local option)
Website Visit here
More Info Click here

How to Save on Solar Panels

There are a lot of 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:

  • Warranty: Companies typically offer different types of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
  • Reputation: Long-standing companies likely have a good reputation. This is important because it ensures that it will not only see your solar project through, but will also provide adequate aftercare and customer service, such as part repairs and replacements.
  • Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose has an impact on which solar panel brands you have access to.
  • Installation Process: Make sure you're on the same page with the company with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating your electrical system or roof.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best Technology

The Green Panel

★★★★★
4.5

  • 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

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

EcoWatch's Merrimack, NH Solar Cost FAQs

How much does it cost to install solar panels in Merrimack?

The average cost of solar panels in Merrimack 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 things like the type of solar panels you want, what size system you need and how much energy you use.

Are solar panels free in Merrimack?

A solar panel system isn't free in Merrimack, but there are some options that can make getting them more feasible, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can help lower the cost.

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 Merrimack is currently $282,600, so you can look forward to a value of about $11,587 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Merrimack is a rewarding investment.

How often do you have to replace solar panels?

Even though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they stop working completely at that time. What this means is how much energy they produce will have decreased significantly after that point. You can decide to replace them after having 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.

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