Solar Panel Cost Guide in Moultonborough, NH (2024 Update)
- Moultonborough Solar Installation Cost: $14,725
- 25-Year Savings: $18,446
- Payback Period: 12.9 Years
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Average Cost of Solar Panels in Moultonborough
Let’s have a look at the average cost of solar in Moultonborough.
The national average cost of solar panels is $2.66 per watt, but in Moultonborough it’s 4 per watt.Because a 5.0-kW system is needed to cover the energy needs of a typical home in Moultonborough, the average price of going solar will be about $14,725 after claiming the federal solar tax credit of 0.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of installing solar panels can vary quite a bit depending on a few factors, such as what size system you need, your energy consumption and what solar installer you go with.Even with the large upfront cost, the average Moultonborough homeowner can save around $22,000 on their power bills over 20 years, which is one of the benefits of solar.
To get a free estimate from a vetted solar installer in Moultonborough, you can click the button below.
Solar savings over time in Moultonborough
| Year | Return on Investment |
|---|---|
| 1 years | $-13,229 |
| 3 years | $-10,237 |
| 5 years | $-7,246 |
| 7 years | $-4,254 |
| 9 years | $-1,263 |
| 11 years | $1,728 |
| 13 years | $4,720 |
| 15 years | $7,711 |
| 17 years | $10,703 |
| 19 years | $13,694 |
| 21 years | $16,686 |
| 23 years | $19,677 |
| 25 years | $22,669 |
Top Solar Installers in Moultonborough
DIY solar panel installation is a choice some homeowners opt for, but it's an undertaking that can take a lot of hard work. Taking advantage of a solar company can make switching to solar power much easier. Local solar installers can also help you maximize your return on investment by assisting with any local incentives and by providing warranties and repairs.
Working with a licensed solar company can make going solar easier. Here are our recommendations:
Best for Leasing
Sunrun
- 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 Moultonborough
Factors that Affect Solar Panel Costs in Moultonborough
The cost of installing a solar system in Moultonborough can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, your total will most likely increase by nearly $4,220. The solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you choose 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, higher efficiency could save you more over time on your energy bills. In addition, add-on products, such as solar batteries, can bring your total well above the Moultonborough average.
Solar Financing Terms
If paying for solar panels out of pocket is too expensive, solar loans are an affordable route because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years.You’ll have to consider the long-term cost of loans, 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 above the equipment and labor cost. Making a larger down payment or securing a solar loan with a low interest rate could reduce your costs significantly.
Solar Panel Installation Company
The last key cost factor you should keep in mind is the installer you choose. Given the growing popularity of clean energy solutions in Moultonborough, you’ll have a great number of options to choose from, but each comes at varying 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 decide on the company that has 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 | $15,992 | 13.4 years |
| 8 kW | $4.30 | $24,105 | $21,795 | 13.1 years |
| 10 kW | $4.22 | $29,540 | $27,835 | 12.9 years |
| 12 kW | $4.14 | $34,739 | $34,111 | 12.6 years |
| 14 kW | $4.05 | $39,702 | $40,623 | 12.4 years |
| 16 kW | $3.97 | $44,428 | $47,371 | 12.1 years |
| 18 kW | $3.88 | $48,918 | $54,356 | 11.8 years |
| 20 kW | $3.80 | $53,172 | $61,577 | 11.6 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose considerably influences your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: An important thing to understand when adopting solar energy is the installation process itself. Be sure to clarify any details you should know with your solar company, such as what permits you should acquire and how long the project will take.
- Reputation: Companies that have been operating 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 adequate aftercare and customer support, such as part repairs and replacements.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and energy needs. Even though there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before making your decision.
- Contract: Review the contract terms carefully to make sure you understand how much it will cost, project timeline rebates and warranties.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Moultonborough, NH Solar Cost FAQs
How much does it cost to install solar panels in Moultonborough?
This is a difficult question to answer precisely, 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 cost more if you want additional solar equipment or more efficient panels, or if you have higher-than-average energy consumption. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Are solar panels free in Moultonborough?
You can’t get solar panels for free in Moultonborough. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.
Does Moultonborough have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future energy bills.
What solar power system size is right for my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average household will need 20 to 35 panels.
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.