Solar Panel Cost Guide in New Ipswich, NH (2024 Update)
- New Ipswich 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 Ipswich
We go over average solar pricing in New Ipswich.
Although the national average of solar panels is $2.66 per watt, solar panels in New Ipswich typically cost about 4.Because a 5.0-kW system is needed to cover the energy usage of a typical home in New Ipswich, the average price of going solar will be about $14,627 after claiming the federal solar tax credit of 0.
Bear in mind that the figures above are only estimates based on the average energy use of New Ipswich homeowners. The price of a solar system for your home may look different depending on factors unique to your situation, like your household energy use and solar contractor.Even with the significant upfront cost, the average New Ipswich homeowner can save about $19,000 on their energy bills over 20 years, which is one of the perks of solar.
Click the button below to get connected to a highly rated solar installer in your area for a customized estimate.
Solar savings over time in New Ipswich
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 Ipswich
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can use up a lot of your time and energy. Taking advantage of an installer can make swapping over to solar power much easier. Plus, if you’re unsure what type of solar panels and equipment you may need, a solar company can help you find the right equipment for you after a site survey and consultation.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some nearby:
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 New Ipswich
Factors that Affect Solar Panel Costs in New Ipswich
For many New Ipswich homeowners, the decision to adopt solar energy depends on cost. However, the range of solar installation costs can be quite wide in New Ipswich, with typical prices between $20,000 to $40,000. There are several factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
One of the most important factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household consumes, the larger your system will likely need to be. You can expect to spend around $4,220 per kilowatt in New Ipswich.The kind of solar equipment you choose can increase or decrease your cost by thousands or even tens of thousands of dollars. If you get 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, more efficient panels could save you more over time on your electric bills. In addition, extra products, like solar batteries, can bump up your total well above the New Ipswich average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a big investment. That’s why many New Ipswich homeowners decide to finance their solar panel systems to make going 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 on your down payment can lower the total interest paid over time.
Solar Panel Installation Company
A final factor to consider when trying to evaluate the cost of solar for your home or business in New Ipswich is the company you get to install your solar system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that provide a range of services for different budgets.Additionally, some companies in New Ipswich have more knowledge about local solar incentives and can help you make good use of additional rebates or tax exemptions. However, they may charge more for that service. Even if they cost more upfront, they could help you save more money in the long run.
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
The solar panel company you opt for will influence not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are several important things you should keep in mind, such as:
- Reputation: Your solar installer should have a sound 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has good reviews from past customers.
- Solar Panel Brands: Each solar panel brand and model has varying levels of quality, longevity and efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: When reading through your solar company’s contract, ask for clarification about any terms you’re not sure of and be sure you understand what happens in scenarios such as a system component breaking or if the company goes out of business.
- Warranty: If you’re concerned about the longevity of your solar panel system, making sure your installer offers a 25-year, all-inclusive warranty can help put you at ease.
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 New Ipswich, NH Solar Cost FAQs
What is the average cost of installing solar panels in New Ipswich?
This is a hard question to answer exactly, because the cost depends on a few different 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 be more expensive if you want extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less expensive solar panels.
Can you get solar panels for free in New Ipswich?
You can’t get solar panels for free in New Ipswich. However, you may still be able to install 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.
How will solar panels impact my property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in New Ipswich is currently $423,466, so you can look forward to a value of about $17,362 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in New Ipswich is a fruitful 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 usually produce about 250 to 400 watt-hours per hour, the average home 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.