Solar Panel Cost Guide in Nashua, NH (2023 Update)
- Nashua Solar Installation Cost: $10,086
- 25-Year Savings: $14,914
- Payback Period: 10.1 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Nashua
See how much it might cost to make the switch to solar in Nashua.
Although the national average of solar panels is $2.66 per watt, solar panels in Nashua generally cost around 2.91. The average solar panel system size in Nashua is around 5.0 kilowatts, meaning a cost of about $10,083 for a solar installation, or $14,419 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy needs, the type of solar system you want, your solar contractor and more. Many homeowners find going solar is a sound investment. The average homeowner in Nashua can save about $19,000 on their energy bills over 20 years.
You can click the button below to get connected with a top solar company in Nashua for a quote for your home.
Solar savings over time in Nashua
| Year | Return on Investment |
|---|---|
| 1 years | $-10,003 |
| 3 years | $-9,836 |
| 5 years | $-9,670 |
| 7 years | $-9,503 |
| 9 years | $-9,336 |
| 11 years | $-9,170 |
| 13 years | $-9,003 |
| 15 years | $-8,836 |
| 17 years | $-8,670 |
| 19 years | $-8,503 |
| 21 years | $-8,336 |
| 23 years | $-8,170 |
| 25 years | $-8,003 |
Top Solar Installers in Nashua
When making the switch to solar, many homeowners decide to hire a solar installer since putting up solar panels yourself can be a challenging project. A solar company can also help save you money in the long run by offering warranties, repairs and component replacements.
Working with a professional solar company can help you make the most of your investment in solar. 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 Nashua
Factors that Affect Solar Panel Costs in Nashua
Though the average cost of a solar system in Nashua is $10,083, your actual cost may be higher or lower than that. There are quite a few factors that can have a major impact on the cost of a solar system installation. Below are some of the more important things to keep in mind.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of adopting solar energy 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 spend around $2,910 per kilowatt in Nashua. The brand and kind of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a brand name like Tesla or SunPower, these often have a higher price tag than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have a small roof or just want maximum energy production, you can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Many homeowners find the average cost of solar in Nashua to be prohibitively steep, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides access to financing options. Solar loans substantially decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest. Though solar loans make adopting solar energy more accessible for Nashua homeowners, they can also increase the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
A final consideration when trying to figure out the cost of solar for your home or business in Nashua is the company you get to install your PV system. Similar to choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. Larger national companies typically have lower costs, but some local companies keep up with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric car charger installation, they might be cheaper overall.
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 | $17,583 | 10.5 years |
| 8 kW | $2.97 | $16,622 | $23,770 | 10.3 years |
| 10 kW | $2.91 | $20,370 | $30,120 | 10.1 years |
| 12 kW | $2.85 | $23,955 | $36,632 | 9.9 years |
| 14 kW | $2.79 | $27,377 | $43,308 | 9.7 years |
| 16 kW | $2.74 | $30,636 | $50,147 | 9.5 years |
| 18 kW | $2.68 | $33,733 | $57,148 | 9.3 years |
| 20 kW | $2.62 | $36,666 | $64,313 | 9.1 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you find the right company for you, here are some tips to keep in mind:
- Solar Panel Brands: Not all solar companies have the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you choose.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years likely offer high-quality solar panel installation and expertise.
- Installation Process: When going solar, it's necessary to maintain an open line of communication with your solar panel company. See to it that you understand how the installation process will go and the project timeline.
- Contract: Review the contract terms carefully to make sure you understand the cost breakdown, project completion timeline incentives and warranties.
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 Nashua, NH Solar Cost FAQs
What is the average cost of installing solar panels in Nashua?
The average cost of solar panels in Nashua 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 stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Nashua?
You can't get solar panels for free in Nashua. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Does Nashua 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 electricity bills.
What solar power system size is right for my home?
To figure out how many solar panels you need, you need to know how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can usually 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.