Solar Panel Cost Guide in Northfield, NH (2023 Update)
- Northfield Solar Installation Cost: $10,144
- 25-Year Savings: $16,656
- Payback Period: 9.5 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Northfield
Find out what the average cost of a solar system is in Northfield.
The average cost of a solar panel system in Northfield is 2.91 per watt. Using this figure, a typical 5.0-kW system would cost about $10,144 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may look quite different based on your household energy consumption, the type of solar system you want to get, your solar contractor and more. But, after you've paid the upfront cost of installation, the payback for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on energy bills.
Click the button below to get connected to a vetted solar panel company in your area for a customized estimate.
Solar savings over time in Northfield
| Year | Return on Investment |
|---|---|
| 1 years | $-10,054 |
| 3 years | $-9,876 |
| 5 years | $-9,697 |
| 7 years | $-9,518 |
| 9 years | $-9,340 |
| 11 years | $-9,161 |
| 13 years | $-8,982 |
| 15 years | $-8,804 |
| 17 years | $-8,625 |
| 19 years | $-8,446 |
| 21 years | $-8,268 |
| 23 years | $-8,089 |
| 25 years | $-7,910 |
Top Solar Installers in Northfield
When going solar, many homeowners decide to use a solar installer since installing solar panels yourself can be a difficult project. In addition, if you'd like to maximize your investment in solar, going with a solar company can help with that as well. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives.
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 in Northfield:
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
For many Northfield homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Northfield, with typical prices between $20,000 to $40,000. There are several factors that significantly influence the price you'll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the price of a solar energy system in Northfield, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are primarily based on your home's energy usage, which you can figure out by looking at past electricity bills. Your overall cost can increase by around $2,910 for each additional kilowatt you need. The brand and kind of equipment you choose for your solar system can increase or decrease the price quite significantly. If you prefer a brand name like Tesla or SunPower, these are often more expensive than other brands. Efficiency also matters. Whether you're opting for high efficiency because you have limited roof space 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 additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
If paying for solar panels out of pocket is difficult, solar loans are an affordable choice because they reduce your upfront costs and allow you to pay for your system over a term of, on average, between five and seven years. When figuring out your overall cost, you should also calculate the interest you'll pay if you opt for a solar loan. Also, paying more on your down payment can reduce the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to figure out the cost of solar for your home or business in Northfield is the company you get to install your solar panel system. As with choosing a company to install new cabinets, for example, you'll have no shortage of solar installers that provide a range of services for different budgets. You may see national solar installers that have lower prices because of their bigger brand name and access to bulk prices, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
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
There are many solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you decide on the right company for you, here are some tips to keep in mind:
- 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 certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has positive reviews from previous customers.
- Warranty: A quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- Solar Panel Brands: Different companies will have various brands and kinds of panels. If you prefer a specific brand, make sure the solar company you're considering has it.
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
How much does it cost to install solar panels in Northfield?
The average cost of solar panels in Northfield 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 certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to keep in mind when buying solar panels?
Cost is certainly one of the most important things to keep in mind when buying solar panels, but other important factors include efficiency, durability, and quality.
How will having solar panels impact my 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 Northfield is currently $185,106, so you can look forward to 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy needs and how much sunlight your roof gets. You can look at your energy bills for the past year to get an idea of the solar system size you'll need. The average household has to install between 20 and 35 panels to cover their typical energy usage.
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.