Solar Panel Cost Guide in Ossipee, NH (2023 Update)
- Ossipee Solar Installation Cost: $14,725
- 25-Year Savings: $16,774
- Payback Period: 13.7 Years
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Updated October 25, 2023
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Average Cost of Solar Panels in Ossipee
Let's have a look at the average cost of solar in Ossipee.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Ossipee, the typical cost of solar panels is 2.91 per watt.The average solar panel system size in Ossipee is around 5.0 kilowatts, meaning a cost of about $10,144 for a solar installation, or $14,506 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of the cost of a solar energy system. The exact cost of installing solar panels can vary based on multiple factors, such as what size system you need, your energy consumption and what installation company you go with.Despite the significant upfront cost, the average Ossipee homeowner can save around $21,000 on their energy bills over 20 years, which is one of the advantages of solar.
Click the button below to get connected to a vetted solar company in your area for a personalized estimate.
Solar savings over time in Ossipee
| Year | Return on Investment |
|---|---|
| 1 years | $-13,318 |
| 3 years | $-10,504 |
| 5 years | $-7,691 |
| 7 years | $-4,877 |
| 9 years | $-2,063 |
| 11 years | $750 |
| 13 years | $3,564 |
| 15 years | $6,378 |
| 17 years | $9,191 |
| 19 years | $12,005 |
| 21 years | $14,819 |
| 23 years | $17,632 |
| 25 years | $20,446 |
Top Solar Installers in Ossipee
Many homeowners decide to hire a solar installation company since installing solar panels by yourself can be time-consuming. Also, if you'd like to maximize your investment in solar energy, opting for a solar company can help with that too. Different providers can offer warranties, expertise on how to install solar panels and sometimes even information on local incentives, rebates and net metering programs.
If you'd like to make the switch to solar but still aren't sure which solar system installer to go with, here are our recommendations for providers in Ossipee:
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 Ossipee
Factors that Affect Solar Panel Costs in Ossipee
For many Ossipee homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Ossipee, 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
The cost of solar panels varies by thousands of dollars due to a few different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power production require better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,910.The brand and type of equipment you get for your solar system can raise or lower the price quite significantly. If you prefer a trusted 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 a small roof or just want maximum energy production, you will be looking at a higher equipment cost, but this can typically lead to greater savings over time. Plus, if you want additional equipment like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
Solar panels can save you money on utility bills over many years, but they can also be a significant investment. That's why many Ossipee homeowners choose to finance their solar panel systems to make going solar more affordable.You'll have to consider the long-term cost of loans, 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 original cost. Making a larger down payment or getting a solar loan with a low APR could reduce your costs considerably.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can influence your pricing. Ossipee's solar companies all have different labor costs and add varying upcharges to equipment. Companies that only sell products with high efficiency and therefore a higher price point — 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 offers the products, warranties and services you're looking for 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 | $4.39 | $18,433 | $13,980 | 14.2 years |
| 8 kW | $4.30 | $24,105 | $19,112 | 13.9 years |
| 10 kW | $4.22 | $29,540 | $24,481 | 13.7 years |
| 12 kW | $4.14 | $34,739 | $30,086 | 13.4 years |
| 14 kW | $4.05 | $39,702 | $35,928 | 13.1 years |
| 16 kW | $3.97 | $44,428 | $42,005 | 12.9 years |
| 18 kW | $3.88 | $48,918 | $48,319 | 12.6 years |
| 20 kW | $3.80 | $53,172 | $54,870 | 12.3 years |
How to Save on Solar Panels
There are a large number of companies available in Ossipee, and some homeowners feel overwhelmed considering their options. Selecting the right company for you can be tough, so here are some tips to help you decide:
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their locations and how much efficiency they need. Although there are many options for which brand of solar panel you can get, not every company will have access to the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
- Reputation: Make sure your solar panel installer has a good reputation by verifying it has certifications and licenses, checking its work history and reading reviews by past customers and solar experts like EcoWatch.
- Contract: Though reading through a contract can take a lot of time, it's important to do it fully so you can make sure you understand what services your solar company will provide and the terms of the warranty.
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 Ossipee, NH Solar Cost FAQs
How much does it cost to install solar panels in Ossipee?
The average cost of solar panels in Ossipee is about $14,550 for a 5-kW system and $29,100 for a 10-kW system before the ITC, but the actual cost will depend on stuff such as the kind of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Ossipee?
Leasing solar panels can be an attractive choice, as it often comes with low or $0 upfront payments. The drawback is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Is going solar worth it?
Solar panels can be a good investment for many homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your power bills are already fairly low, solar panels might not be for you.
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy consumption and the amount of 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 get 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.