Solar Panel Cost Guide in Ossipee, NH (Mar 2023)
- Ossipee Solar Installation Cost: $10,144
- 25-Year Savings: $16,783
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Ossipee
Here's how much it might cost to go 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. Because a 5.0-kW system is needed to cover the energy costs of a typical home in Ossipee, 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 figures above are only estimates based on the average energy use of Ossipee homeowners. The cost of a solar system for your home may be different depending on factors unique to you, like your household energy use and solar contractor. For most homeowners, the upfront cost of solar panels is worth paying. On average homeowners in Ossipee see about $21,000 in savings on energy bills over 20 years.
To get a free quote from a vetted solar company in Ossipee, you can click the button below.
Solar savings over time in Ossipee
| Year | Return on Investment |
|---|---|
| 1 years | $-9,067 |
| 3 years | $-6,913 |
| 5 years | $-4,759 |
| 7 years | $-2,604 |
| 9 years | $-450 |
| 11 years | $1,704 |
| 13 years | $3,858 |
| 15 years | $6,012 |
| 17 years | $8,167 |
| 19 years | $10,321 |
| 21 years | $12,475 |
| 23 years | $14,629 |
| 25 years | $16,783 |
Top Solar Installers in Ossipee
Installing solar panels yourself can be a time-consuming undertaking, which is why using a solar installation company is a good option for many homeowners. Another advantage of using a solar installer is that they can help you maximize your return of investment by lowering your future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
If you're looking for a solar company in Ossipee, the EcoWatch team has put together a list of our top suggestions here:
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
While the average cost of a solar system in Ossipee is $10,144, your actual cost may be above or below the average. There are many factors that can have a significant impact on the cost of a solar system installation. Below are some of the more important things to take into consideration.
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 kind of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you opt for 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 electric bills. In addition, add-on products, such as solar batteries, can bring your total well above the Ossipee average.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a popular option because they lower your upfront costs and let you pay for your system over a term of, on average, between five and seven years. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it'll take to pay back the loan.
Solar Panel Installation Company
Lastly, the company you opt for to install your solar panels can influence how much you pay. Ossipee's solar companies all have different labor costs and add varying upcharges to equipment. Some companies only sell high-quality, high-efficiency and high-price products — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come at a higher cost. It's best to do some research and go with the company that has the products, warranties and services you want and also is 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 | $19,702 | 9.8 years |
| 8 kW | $2.97 | $16,622 | $26,595 | 9.6 years |
| 10 kW | $2.91 | $20,370 | $33,651 | 9.4 years |
| 12 kW | $2.85 | $23,955 | $40,870 | 9.2 years |
| 14 kW | $2.79 | $27,377 | $48,252 | 9.0 years |
| 16 kW | $2.74 | $30,636 | $55,797 | 8.9 years |
| 18 kW | $2.68 | $33,733 | $63,505 | 8.7 years |
| 20 kW | $2.62 | $36,666 | $71,376 | 8.5 years |
How to Save on Solar Panels
Since the type of solar panels and the installation company you choose considerably affects your costs and your system's durability and efficiency, it's important to select the right ones for you. Here are some tips to keep in mind to help with your decision:
- Reputation: Solar panel companies that have great reviews from their customers and that have been in business for many years in most cases provide high-quality solar panel installation and expertise.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running for years to come and save you money on part replacement and repairs.
- Contract: Though reading through a contract can take a lot of time, it's important to do it carefully so you can make sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
- Solar Panel Brands: Homeowners will have different preferences for panels depending on their roof configurations and how much efficiency they need. While 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 making your decision.
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?
This is a difficult question to answer precisely, because the cost depends on a few different 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 above-average energy needs. Conversely, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
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.