Solar Panel Cost Guide in New Boston, NH (2024 Update)
- New Boston Solar Installation Cost: $14,627
- 25-Year Savings: $14,914
- Payback Period: 14.6 Years
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Average Cost of Solar Panels in New Boston
Find out what the average cost of a solar system is in New Boston.
Currently, the national average cost of solar panels is $2.66 per watt. However, in New Boston, the average cost of solar panels is 4 per watt.The average solar panel system size in New Boston is around 5.0 kilowatts, meaning a cost of about $14,627 for a solar installation, or $20,917 before the 0 federal solar tax credit is applied.
The true price you pay can go above or below the average in New Boston depending on several factors, such as the kind of solar panels you choose and the solar contractor you hire.Even with the significant upfront cost, the average New Boston homeowner can save about $19,000 on their power bills over 20 years, which is one of the benefits of solar.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in New Boston
| Year | Return on Investment |
|---|---|
| 1 years | $-13,220 |
| 3 years | $-10,406 |
| 5 years | $-7,593 |
| 7 years | $-4,779 |
| 9 years | $-1,966 |
| 11 years | $848 |
| 13 years | $3,662 |
| 15 years | $6,475 |
| 17 years | $9,289 |
| 19 years | $12,103 |
| 21 years | $14,916 |
| 23 years | $17,730 |
| 25 years | $20,544 |
Top Solar Installers in New Boston
Installing solar panels yourself can be a difficult project, which is why getting a solar installation company is a good option for many homeowners. Local solar companies can also help you maximize your return on investment by walking you through any local incentives and by offering warranties and repairs.
Working with a licensed solar company can help you make the most of your investment in solar. 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
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 New Boston
Factors that Affect Solar Panel Costs in New Boston
Though the average cost of a solar system in New Boston is $14,627, your final cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to take into consideration.
Solar Equipment
The size of the solar panel system you need, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $4,220. There are many different solar panel brands and the one you pick also affects the cost. Generally, the brands that offer higher efficiency tend to also cost more. Additionally, the type of equipment you’re looking to install can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That’s why many New Boston homeowners choose to finance their solar panel systems to make paying for solar more affordable.Although solar loans make going solar more accessible for New Boston homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar company you opt for to handle your switch to clean energy can have an effect on your total costs. There are about 3 solar installation companies operating throughout New Boston, and each can charge varying amounts for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra 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 | $4.39 | $18,433 | $11,861 | 15.2 years |
| 8 kW | $4.30 | $24,105 | $16,287 | 14.9 years |
| 10 kW | $4.22 | $29,540 | $20,950 | 14.6 years |
| 12 kW | $4.14 | $34,739 | $25,848 | 14.3 years |
| 14 kW | $4.05 | $39,702 | $30,984 | 14.0 years |
| 16 kW | $3.97 | $44,428 | $36,355 | 13.7 years |
| 18 kW | $3.88 | $48,918 | $41,963 | 13.5 years |
| 20 kW | $3.80 | $53,172 | $47,807 | 13.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose greatly affects your costs and your system’s durability and efficiency, it’s important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Installation Process: Get details from your solar installer about the installation process and what to expect, such as when the site survey will be done and how long it will take.
- Warranty: If you’re concerned about the endurance of your solar panels, checking if your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you hire.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. A couple of ways to check this are to look for whether a company has technicians that hold a certification from the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 New Boston, NH Solar Cost FAQs
What is the average cost of installing solar panels in New Boston?
This is a hard question to answer exactly, because the cost depends on a few different factors. Generally speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. You can expect to pay more if you want additional solar equipment or higher quality panels, or if you have above-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in New Boston?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your property value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most bang for your buck from going solar.
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 New Boston is currently $552,164, so you could be looking at a value of about $22,639 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in New Boston is a worthwhile investment.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you need to know how much energy your home requires and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average house 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.