Solar Panel Cost Guide in Nottingham, NH (2023 Update)
- Nottingham Solar Installation Cost: $9,818
- 25-Year Savings: $16,982
- Payback Period: 9.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Nottingham
We go over average solar pricing in Nottingham.
In Nottingham, solar panels cost about 2.91 per watt on average. Using this figure, a typical 4.8-kW system would cost about $9,818 before the 30% federal solar tax credit is applied.
How much you pay can be above or below the average in Nottingham depending on a few factors, such as the model of solar panels you choose and the solar contractor you hire. But, once you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on power bills.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Nottingham
| Year | Return on Investment |
|---|---|
| 1 years | $-8,746 |
| 3 years | $-6,602 |
| 5 years | $-4,458 |
| 7 years | $-2,314 |
| 9 years | $-170 |
| 11 years | $1,974 |
| 13 years | $4,118 |
| 15 years | $6,262 |
| 17 years | $8,406 |
| 19 years | $10,550 |
| 21 years | $12,694 |
| 23 years | $14,838 |
| 25 years | $16,982 |
Top Solar Installers in Nottingham
Many homeowners opt for a solar panel company since installing solar panels yourself can be hard. Local solar installation companies can also help you maximize your return on investment by assisting with any local incentives you can take advantage of and by providing warranties and repairs.
You can work with a local solar installer to get a free quote on how much your investment in solar could cost for your home. Here are some near you:
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 Nottingham
Factors that Affect Solar Panel Costs in Nottingham
The cost of installing a solar system in Nottingham can vary by more than $10,000 from home to home. Your actual cost is dependent on several factors. The biggest one is your system size, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to some different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with higher efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,910. The kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you'll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more over time on your power bills. Additionally, add-on products, such as solar batteries, can bump up your total well above the Nottingham average.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Nottingham homeowners decide to finance their solar panel systems to offset upfront costs. When considering 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 lower the total interest paid over time.
Solar Panel Installation Company
A final factor to keep in mind when trying to estimate the cost of solar for your home or business in Nottingham is the company you get to install your solar system. Similar to choosing a company to install new cabinets, for example, there's no shortage of solar installers that provide a range of services for different budgets. You may come across national solar installers that have lower prices due to their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those major players.
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 | $20,655 | 9.5 years |
| 8 kW | $2.97 | $16,622 | $27,866 | 9.3 years |
| 10 kW | $2.91 | $20,370 | $35,240 | 9.2 years |
| 12 kW | $2.85 | $23,955 | $42,776 | 9.0 years |
| 14 kW | $2.79 | $27,377 | $50,476 | 8.8 years |
| 16 kW | $2.74 | $30,636 | $58,339 | 8.6 years |
| 18 kW | $2.68 | $33,733 | $66,365 | 8.4 years |
| 20 kW | $2.62 | $36,666 | $74,553 | 8.2 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Because choosing a company can be a tough decision, we have some tips to help you, such as:
- 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 considerable role in the company you choose.
- Contract: Review the contract terms closely to make sure you understand the total cost, project completion timeline incentives and warranties.
- Warranty: Companies typically offer different types of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Your solar installer should have a good reputation as a company and have verifiable expertise in the field. Two 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 good reviews from previous customers.
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 Nottingham, NH Solar Cost FAQs
How much does it cost to install solar panels in Nottingham?
The average cost of solar panels in Nottingham 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 like the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Nottingham?
Leasing solar panels can be an option if you can't pay upfront or get a solar loan, but since you don't own the system, you can't take advantage of many solar incentives. Also your home 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.
Is it worth going solar in Nottingham?
Whether or not solar panels are worth it depends on a variety of factors like the cost of electricity near you and how much direct sunlight your roof gets.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 buy between 20 and 35 panels to account for 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.