Solar Panel Cost Guide in Sandown, NH (2024 Update)
- Sandown Solar Installation Cost: $14,236
- 25-Year Savings: $16,110
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Sandown
Let’s have a look at the average cost of solar in Sandown.
The national average cost of solar panels is $2.66 per watt, but in Sandown it’s 4 per watt.To account for the typical energy needs of the average home in Sandown, most homeowners require a 4.8-kilowatt system. Using the per-watt figure above, a solar installation costs about $14,236, or $20,357 before the federal solar tax credit of 0 is applied.
How much you pay can be higher or lower than the average in Sandown depending on a few factors, such as the kind of solar panels you choose and the solar contractor you hire.But, once you've paid the initial cost of installation, the payback for most homeowners is usually good, with a net average savings of about $20,000 over 20 years on electricity bills.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Sandown
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 Sandown
Many homeowners choose to use a solar installation company since trying to install solar panels yourself can be a labor-intensive endeavor. Solar warranties and repairs are usually included in the cost of installation when you sign a contract with a solar company as well, which can save you more money after your initial investment.
If you’d like to make the switch to solar but still aren’t sure which solar installer to go with, here are our suggestions for providers nearby:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
See all of the solar companies in Sandown
Factors that Affect Solar Panel Costs in Sandown
The cost of installing a solar system in Sandown can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The most significant one is your system size, and other factors include the equipment you choose, financing options and the solar installer you choose.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. Because of that, it’s a priority to accurately gauge the size of the solar energy system needed for your home by figuring out your average energy use.The model of solar panels and equipment you want is another factor that will greatly influence costs. Solar panels that are more efficient, like monocrystalline panels, tend to come at a higher price. Moreover, solar equipment is more than just the solar panels themselves. You’ll also need to decide on the kind of racks used to mount the panels, inverters, solar batteries, etc. It’s important to take all of this into consideration when looking into a solar system that’s in your budget.
Solar Financing Terms
Most solar companies in Sandown have solar loans, which reduce the initial cost of installing solar.When estimating your overall cost, you should also calculate the interest you’ll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
The remaining key cost factor you should consider is the installer you choose. Given the booming popularity of renewable energy solutions in Sandown, you’ll have many options to choose from, but each comes at varying price points for labor and equipment.You may see national solar installers that have lower prices because of their bigger brand name and access to bulk equipment prices, 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 | $4.39 | $18,433 | $13,845 | 14.3 years |
8 kW | $4.30 | $24,105 | $18,933 | 14.0 years |
10 kW | $4.22 | $29,540 | $24,257 | 13.7 years |
12 kW | $4.14 | $34,739 | $29,818 | 13.5 years |
14 kW | $4.05 | $39,702 | $35,614 | 13.2 years |
16 kW | $3.97 | $44,428 | $41,647 | 12.9 years |
18 kW | $3.88 | $48,918 | $47,917 | 12.6 years |
20 kW | $3.80 | $53,172 | $54,422 | 12.4 years |
How to Save on Solar Panels
The company that does your solar panel installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since choosing a company can be difficult, we have some tips to help you, such as:
- Installation Process: When making the switch to solar, it’s important to maintain an open line of communication with your solar panel installer. See to it that you understand how the installation process will go and the completion timeline.
- Warranty: Each company may offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Reputation: Companies that have been operating for many years likely have a solid reputation. This is important because it ensures that it will not only see your solar project through, but will also provide quality aftercare and customer service, such as part repairs and replacements.
- Solar Panel Brands: Different companies have different brands and models of panels. If you prefer a specific brand, make sure the solar panel installer you’re considering has it.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Sandown, NH Solar Cost FAQs
What is the average cost of installing solar panels in Sandown?
This is a tough question to answer exactly, because the cost depends on many 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 extra solar equipment or more efficient panels, or if you have above-average energy needs. On the flip side, you can spend less if you go with a smaller solar panel system or cheaper solar panels.
Is it better to lease or buy solar panels in Sandown?
Leasing solar panels can be an option if you are unable to 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 property 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 financial benefits from going solar.
Do solar panels increase your property value?
Solar panels can increase your home value remarkably as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How long do solar panels last in Sandown?
Although the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use 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.