Solar Panel Cost Guide in Moultonborough, NH (2023 Update)
- Moultonborough Solar Installation Cost: $10,154
- 25-Year Savings: $18,446
- Payback Period: 8.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Moultonborough
Let's take a look at the average cost of solar panels in Moultonborough.
The national average cost of solar panels is $2.66 per watt, but in Moultonborough it's 2.91 per watt. The average Moultonborough 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.
The true price you pay can be above or below the average in Moultonborough based on a variety of factors, such as the brand of solar panels you choose and the solar company you hire. For many homeowners, the upfront investment in solar is worth paying. On average you could be looking at about $22,000 in savings on energy bills over 20 years.
You can click the button below to get connected with a pre-vetted solar installer in Moultonborough for a quote for your home.
Solar savings over time in Moultonborough
| Year | Return on Investment |
|---|---|
| 1 years | $-8,658 |
| 3 years | $-5,667 |
| 5 years | $-2,675 |
| 7 years | $316 |
| 9 years | $3,308 |
| 11 years | $6,299 |
| 13 years | $9,291 |
| 15 years | $12,282 |
| 17 years | $15,274 |
| 19 years | $18,265 |
| 21 years | $21,257 |
| 23 years | $24,248 |
| 25 years | $27,240 |
Top Solar Installers in Moultonborough
When going solar, many homeowners prefer to hire a solar company since DIY solar panel installation can be a difficult project. The payback period of solar panels will vary based on factors like your location and energy use, but going with a solar installer can shorten that period. Your provider will be able to help you get the most out of incentives available in your area.
Working with a vetted solar company can make going solar easier. Here are our recommendations:
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 Moultonborough
Factors that Affect Solar Panel Costs in Moultonborough
There are many criteria that can determine your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that installs your solar system.
Solar Equipment
The size of the solar system you need to offset your energy usage, 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 $2,910. The model of solar panels and equipment you choose is another factor that will substantially influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to be more pricey. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to consider the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when looking into a solar system that's in your budget.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are provided by most installers in Moultonborough, which can bring down, or in some cases eliminate, your upfront costs to make solar more affordable. 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 upfront can lower the total interest paid over time.
Solar Panel Installation Company
Finally, the company you opt for to install your solar system can influence the cost. Moultonborough's solar companies all have different labor costs and add varying upcharges to equipment. The size of the company can sometimes play the most significant role in the cost. Larger national companies, like SunPro and Sunrun, often have lower prices because they have more resources and bulk pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing lower to compete with bigger names.
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 | $21,714 | 9.2 years |
| 8 kW | $2.97 | $16,622 | $29,278 | 9.1 years |
| 10 kW | $2.91 | $20,370 | $37,005 | 8.9 years |
| 12 kW | $2.85 | $23,955 | $44,894 | 8.7 years |
| 14 kW | $2.79 | $27,377 | $52,947 | 8.5 years |
| 16 kW | $2.74 | $30,636 | $61,163 | 8.3 years |
| 18 kW | $2.68 | $33,733 | $69,542 | 8.2 years |
| 20 kW | $2.62 | $36,666 | $78,083 | 8.0 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose significantly 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:
- Solar Panel Brands: The model of solar panel you need plays a role in which company you should opt for, since different companies have different panels.
- Reputation: The North American Board of Certified Energy Practitioners (NABCEP) is a well-established certification organization for sustainable energy professionals. If your solar panel installer is NABCEP-certified, it likely has a solid reputation and is qualified to get the job done well. Another way you can look into your installer's reputation is by reading reviews.
- Contract: When looking over your solar installer's contract, ask questions about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: If you're worried about the durability of your solar system, checking if your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
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 Moultonborough, NH Solar Cost FAQs
What is the average cost of installing solar panels in Moultonborough?
The average cost of solar panels in Moultonborough 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 model of solar panels you want, what size system you need and how much energy you consume.
Are solar panels free in Moultonborough?
Solar panels aren't free in Moultonborough, 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 further reduce the cost.
Is it worth going solar in Moultonborough?
Whether or not solar panels are worth it depends on some different factors like the cost of electricity near you and how much direct sunlight your roof gets.
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 should be disposed of at that time. What this means is how much energy they produce will have decreased significantly after that point. You can 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.