Solar Panel Cost Guide in Pembroke, NH (2023 Update)
- Pembroke Solar Installation Cost: $10,144
- 25-Year Savings: $15,201
- Payback Period: 10.0 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Pembroke
Let's have a look at the average cost of solar panels in Pembroke.
In Pembroke, solar panels cost about 2.91 per watt on average. The average solar panel system size in Pembroke 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 true cost of making the switch to solar can vary depending on several factors, such as how many panels you need, your energy usage and what company you go with. But, after you've paid the initial cost of installation, the return on investment for most homeowners is usually good, with a net average savings of about $19,000 over 20 years on energy bills.
To see your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Pembroke
| Year | Return on Investment |
|---|---|
| 1 years | $-10,059 |
| 3 years | $-9,890 |
| 5 years | $-9,721 |
| 7 years | $-9,552 |
| 9 years | $-9,383 |
| 11 years | $-9,214 |
| 13 years | $-9,045 |
| 15 years | $-8,876 |
| 17 years | $-8,707 |
| 19 years | $-8,538 |
| 21 years | $-8,369 |
| 23 years | $-8,201 |
| 25 years | $-8,032 |
Top Solar Installers in Pembroke
DIY solar panel installation is a way to cut costs, but it's an undertaking that can take a lot of hard work. Using an installer can make switching to solar power much easier. Also, companies with a good reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you'd like to start using solar energy but still aren't certain which solar panel installer to go with, here are our recommendations for providers 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 Pembroke
Factors that Affect Solar Panel Costs in Pembroke
The cost of installing a solar system in Pembroke can vary by more than $10,000 from home to home. Your actual cost is determined by 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 size of the solar panel system you need for your home, which is measured in kilowatts, is the most important cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by around $2,910. Some solar panel brands — like Maxeon from SunPower — are more expensive upfront but also tend to offer better efficiency. In a city like Pembroke, where sunlight isn't as abundant, efficiency can quickly pay off. Plus, if you have a small roof or you don't have a lot of space for your panels, higher efficiency options will be a better option. Additional equipment like electric vehicle chargers and solar batteries will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is out of reach, solar loans are a solid choice because they cut back your upfront costs and allow you to pay for your system over five to seven years on average. Even though solar loans make going solar more accessible for Pembroke homeowners, they can also increase the total you pay for your system due to interest. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
Finally, the company you hire to install your solar panel system can influence how much you pay. Pembroke's solar companies all have different labor costs and add varying upcharges to equipment. Larger national companies typically have lower costs, but some local companies undercut them by offering sales and discounts. While the smaller companies might not have access to specific equipment options like Tesla Powerwall batteries or extra services like electric vehicle charger installation, they might be cheaper overall.
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 | $17,826 | 10.4 years |
| 8 kW | $2.97 | $16,622 | $24,094 | 10.2 years |
| 10 kW | $2.91 | $20,370 | $30,525 | 10.0 years |
| 12 kW | $2.85 | $23,955 | $37,119 | 9.8 years |
| 14 kW | $2.79 | $27,377 | $43,876 | 9.6 years |
| 16 kW | $2.74 | $30,636 | $50,796 | 9.4 years |
| 18 kW | $2.68 | $33,733 | $57,878 | 9.2 years |
| 20 kW | $2.62 | $36,666 | $65,124 | 9.0 years |
How to Save on Solar Panels
The solar company you opt for will affect not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are a few important things you should take into account, including:
- Installation Process: When going solar, it's important to maintain an open line of communication with your solar panel installer. Make sure you understand how the installation process works and the project timeline.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, longevity and energy efficiency. They will come at different price points as well. The company you choose has an impact on which solar panel brands you have access to.
- Contract: Review the contract terms closely to make sure you understand how much it will cost, completion timeline rebates and warranties.
- Warranty: An all-inclusive, 25-year warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
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 Pembroke, NH Solar Cost FAQs
How much does it cost to install solar panels in Pembroke?
This is a difficult question to answer exactly, because the cost depends on a variety of factors. Broadly 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 extra solar equipment or more efficient panels, or if you have above-average energy consumption. On the other hand, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Pembroke?
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 tax rebates and credits 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?
Whether or not solar panels are worth it depends on a variety of factors like how much you pay for electricity and how much direct sunlight your roof gets.
How long do solar panels last in Pembroke?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to replace them after having them for that long or you can keep using them at a lower efficiency.
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.