Solar Panel Cost Guide in Raymond, NH (2024 Update)

  • Raymond Solar Installation Cost: $14,236
  • 25-Year Savings: $16,983
  • Payback Period: 13.3 Years

See cost of a solar system near you:

By EcoWatch Local Advisors

Data Analysis: James Savino

Ranking Methodology: Karsten Neumeister

Updated February 03, 2024

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We work with a panel of solar experts to create unbiased reviews that empower you to make the right choice for your home. No other site has covered renewables as long as us, which means we have more data and insider information than other sites. Our rankings are never affected by revenue or partnerships.

Average Cost of Solar Panels in Raymond

We break down average solar pricing in Raymond.

The national average cost of solar panels is $2.66 per watt, but in Raymond it’s 4 per watt.To cover the typical energy usage of the average home in Raymond, most homeowners require a 4.8-kilowatt system. Using the figure above, a solar installation costs around $14,236, or $20,357 before the federal solar tax credit of 0 is applied.

These figures are only averages, and your own solar costs may vary based on your energy needs and what company you go with.Many homeowners find adopting solar power is a rewarding investment. The average homeowner in Raymond can save around $21,000 on their electricity bills over 20 years.

You can click the button below to get connected with a vetted solar installer in Raymond that can help you get a more accurate cost estimate for your home.

Solar savings over time in Raymond

Year Return on Investment
1 years $-12,829
3 years $-10,016
5 years $-7,202
7 years $-4,388
9 years $-1,575
11 years $1,239
13 years $4,053
15 years $6,866
17 years $9,680
19 years $12,493
21 years $15,307
23 years $18,121
25 years $20,934

Top Solar Installers in Raymond

Many homeowners opt for a solar installation company since trying to put up solar panels by yourself can be hard. Another great thing about using a reputable solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.

Working with a professional solar company can help you make the most of your investment in solar. Here are our recommendations:

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Raymond

Factors that Affect Solar Panel Costs in Raymond

For many Raymond homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Raymond, with typical prices between $20,000 to $40,000. There are numerous factors that considerably influence the price you’ll pay, which we'll go over below.

Solar Equipment

One of the most significant factors to consider when it comes to the cost of adopting solar energy is the size of the solar system, which is measured in kilowatts (kW). The more power your household consumes, the larger your system will likely need to be. You can expect to spend about $4,220 per kilowatt in Raymond.There are several different solar panel brands and the one you pick also changes the cost. In general, the brands that have better efficiency tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.

Solar Financing Terms

Many homeowners find the average cost of solar in Raymond to be prohibitively expensive, even if the investment pays off over time. Thankfully, nearly every solar company in the area offers financing options. Solar loans remarkably decrease upfront costs for most homeowners, but they also result in a higher cost over time due to interest.However, the interest on solar loans also adds to your total costs, so it’s vital to consider that as well. You can always lower the total you pay in interest and in some cases even your APR by putting more money down.

Solar Panel Installation Company

The remaining major cost factor you should take into consideration is the installer you choose. Given the booming popularity of sustainable energy solutions in Raymond, you’ll have many options to choose from, but each comes at various price points for labor and equipment.Larger national companies generally have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or extra services like electric car 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 $4.39 $18,433 $14,933 13.8 years
8 kW $4.30 $24,105 $20,383 13.5 years
10 kW $4.22 $29,540 $26,070 13.3 years
12 kW $4.14 $34,739 $31,993 13.0 years
14 kW $4.05 $39,702 $38,152 12.7 years
16 kW $3.97 $44,428 $44,547 12.5 years
18 kW $3.88 $48,918 $51,179 12.2 years
20 kW $3.80 $53,172 $58,047 12.0 years

How to Save on Solar Panels

There are a large number of companies to choose from in Raymond, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be challenging, so here are some tips to help you decide:

  • Reputation: Solar system installers that have great reviews from their customers and that have been operating for many years most likely offer quality solar panel installation and expertise.
  • Solar Panel Brands: The model of solar panel you need to install plays a part in which company you should opt for, since different companies have access to different panels.
  • Warranty: Warranties that provide coverage for panel repairs and maintenance over around 25 years are the gold standard in the business, and offering that kind of warranty is one mark of a quality company.
  • Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.

Best National Provider

SunPower

★★★★★
5.0

  • Most efficient panels on the market
  • National coverage
  • Cradle to Cradle sustainability certification
  • Great warranty coverage
  • Expensive
  • Customer service varies by local dealer

Best for Leasing

Sunrun

★★★★★
4.0

  • Expansive service area
  • Many financing options
  • Some reported issues with customer service
  • Some reported issues with door-to-door sales

Best Technology

Tesla Energy

★★★★★
3.2

  • 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 Raymond, NH Solar Cost FAQs

How much does it cost to install solar panels in Raymond?

This is a difficult question to answer precisely, because the cost depends on a variety of factors. Broadly speaking, it costs about $21,100 for a 5-kW system and $42,200 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 higher-than-average energy needs. On the other hand, you can spend less if you opt for a smaller solar panel system or less expensive solar panels.

Can you get solar panels for free in Raymond?

You can’t get solar panels for free in Raymond. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you’d rather own your solar panels, you can finance them with a solar loan.

Do solar panels increase the value of your home?

Solar panels can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Raymond is currently $430,109, so you can expect a value of about $17,634 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Raymond is a worthwhile investment.

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 average daily sunlight your roof gets. You can take a 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 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.

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