Solar Panel Cost Guide in Northfield, NH (Mar 2023)
- Northfield Solar Installation Cost: $10,144
- 25-Year Savings: $16,656
- Payback Period: 9.5 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Northfield
We go over average solar pricing in Northfield.
The average cost of solar panels in Northfield is 2.91 per watt. Because a 5.0-kW system is needed to cover the energy consumption of a typical home in Northfield, the average price of going solar will be about $10,144 after claiming the federal solar tax credit of 30%.
Keep in mind that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy consumption, the type of solar panels you choose, your solar contractor and more. For most homeowners, the upfront investment in solar power is worth paying. On average homeowners in Northfield see about $20,000 in savings on electricity bills over 20 years.
You can click the button below to get connected with a top solar installer in Northfield for a quote for your home.
Solar savings over time in Northfield
| Year | Return on Investment |
|---|---|
| 1 years | $-9,072 |
| 3 years | $-6,928 |
| 5 years | $-4,784 |
| 7 years | $-2,640 |
| 9 years | $-496 |
| 11 years | $1,648 |
| 13 years | $3,792 |
| 15 years | $5,936 |
| 17 years | $8,080 |
| 19 years | $10,224 |
| 21 years | $12,368 |
| 23 years | $14,512 |
| 25 years | $16,656 |
Top Solar Installers in Northfield
Although you can install solar panels on your own, it takes extra labor and expertise. Because of that, most people choose to go with a solar panel installer. Some solar companies, particularly local ones, can help you make the most of incentives in Northfield, optimizing your ROI.
There are various licensed solar professionals that can take care of your solar installation project. Here are our suggestions:
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 Northfield
Factors that Affect Solar Panel Costs in Northfield
There are several factors that can play into your solar panel installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that does the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of going solar. For that reason, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your energy needs. There are several different solar panel brands and the one you pick also affects the cost. In many cases, the brands that are more efficient tend to also cost more. Additionally, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a big investment. That's why many Northfield homeowners choose to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of financing options, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal 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
Finally, the company you hire to install your solar panel system can play a role in determining how much you pay. Northfield's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-efficiency and high-priced products — 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 choose a company that provides the products, warranties and services you want and also fits within 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 | $3.03 | $12,711 | $19,580 | 9.8 years |
| 8 kW | $2.97 | $16,622 | $26,433 | 9.7 years |
| 10 kW | $2.91 | $20,370 | $33,449 | 9.5 years |
| 12 kW | $2.85 | $23,955 | $40,627 | 9.3 years |
| 14 kW | $2.79 | $27,377 | $47,969 | 9.1 years |
| 16 kW | $2.74 | $30,636 | $55,473 | 8.9 years |
| 18 kW | $2.68 | $33,733 | $63,141 | 8.7 years |
| 20 kW | $2.62 | $36,666 | $70,971 | 8.5 years |
How to Save on Solar Panels
The solar panel company you go with will be a major factor in determining not only your total costs, but also the kinds of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should keep in mind, including:
- Warranty: If you're concerned about the longevity of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can help put you at ease.
- Reputation: Make sure your solar company has a good reputation by confirming it has certifications and licenses, checking its work history and reading reviews by previous customers and solar experts like the EcoWatch team.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project completion timeline incentives and warranties.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you choose.
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 Northfield, NH Solar Cost FAQs
What is the average cost of installing solar panels in Northfield?
This is a tough question to answer precisely, because the cost depends on a variety of factors. Generally speaking, it costs about $14,550 for a 5-kW system and $29,100 for a 10-kW system after the ITC is applied. It will be more expensive if you want other solar equipment or higher quality panels, or if you have higher-than-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
What other factors should I consider in addition to cost when buying solar panels?
Cost is definitely one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
Do solar panels increase your 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 Northfield is currently $185,106, which means you can expect a value of about $7,589 more than houses without a solar system. The exact figures will vary, but most experts agree that installing solar panels in Northfield is a fruitful investment.
How often do you have to replace solar panels?
On average, solar panels can last about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger level of energy production.
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.