Solar Panel Cost Guide in Somersworth, NH (2023 Update)
- Somersworth Solar Installation Cost: $10,004
- 25-Year Savings: $13,045
- Payback Period: 10.9 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Somersworth
Let's have a look at the average cost of solar in Somersworth.
The national average cost of solar panels is $2.66 per watt, but in Somersworth it's 2.91 per watt. The average Somersworth homeowner needs a 4.9-kilowatt system, which would cost about $10,002 with the federal tax credit, or $14,303 before the 30% tax credit is applied.
These figures are just estimates, and how much solar costs for you will most likely look different based on your specific situation and what company you want to go with. Despite the large upfront cost, the average Somersworth homeowner can save about $18,000 on their power bills over 20 years, which is one of the perks of solar.
For a personalized quote from a local solar company that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Somersworth
| Year | Return on Investment |
|---|---|
| 1 years | $-8,686 |
| 3 years | $-6,049 |
| 5 years | $-3,413 |
| 7 years | $-776 |
| 9 years | $1,861 |
| 11 years | $4,497 |
| 13 years | $7,134 |
| 15 years | $9,771 |
| 17 years | $12,407 |
| 19 years | $15,044 |
| 21 years | $17,681 |
| 23 years | $20,318 |
| 25 years | $22,954 |
Top Solar Installers in Somersworth
Installing solar panels yourself can be a stressful project, which is why hiring a solar installation company is a good option for many homeowners. A solar installer can also help save you money over the lifespan of your system by offering warranties, repairs and component replacements.
There are a number of licensed solar professionals that can help you install your solar system. Here are our suggestions:
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 Somersworth
Factors that Affect Solar Panel Costs in Somersworth
While the average cost of a solar system in Somersworth is $10,002, your final cost may be higher or lower than that. There are several factors that can have a significant impact on the cost of a residential solar panel installation. Below are some of the more crucial things to take into consideration.
Solar Equipment
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 assess the size of the solar energy system needed for your home by figuring out your typical energy use. The brand and kind of equipment you want for your solar system can raise or lower the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often come at a higher price 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 can expect a higher equipment cost, but this can typically lead to greater savings over time. Also, if you want add-ons like an electric vehicle charger or solar batteries, this will also increase the cost.
Solar Financing Terms
If paying for a solar system in cash is too expensive, 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. While solar loans make switching to solar energy more accessible for Somersworth homeowners, they can also add to the total you pay for your system due to interest. If you make a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
A final consideration when trying to estimate the cost of solar for your home or business in Somersworth is the company you hire to install your PV system. Similar to choosing a company to build a deck or pool, for instance, there are plenty of solar installers that offer a range of services for different budgets. You may notice national solar installers that have lower prices due to their larger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or specials to compete with those larger companies.
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 | $15,447 | 11.3 years |
| 8 kW | $2.97 | $16,622 | $20,922 | 11.1 years |
| 10 kW | $2.91 | $20,370 | $26,560 | 10.9 years |
| 12 kW | $2.85 | $23,955 | $32,361 | 10.6 years |
| 14 kW | $2.79 | $27,377 | $38,325 | 10.4 years |
| 16 kW | $2.74 | $30,636 | $44,452 | 10.2 years |
| 18 kW | $2.68 | $33,733 | $50,742 | 10.0 years |
| 20 kW | $2.62 | $36,666 | $57,194 | 9.8 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Contract: Review the contract terms closely to make sure you understand the cost breakdown, completion timeline rebates and warranties.
- Warranty: A high-quality company stands out from other companies by offering the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Each solar panel brand and type offers varying levels of quality, durability and energy efficiency. They will come at different price points as well. The company you choose affects which solar panel brands you have access to.
- Installation Process: Make sure you're aligned with the installer with regard to how the installation process will go and what needs to be done before your solar system is installed, such as updating or replacing your electrical system or roof.
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 Somersworth, NH Solar Cost FAQs
How much does it cost to install solar panels in Somersworth?
The average cost of solar panels in Somersworth is about $14,550 for a 5-kW system and $29,100 for a 10-kW system before the ITC, but the real cost will depend on stuff such as the type of solar panels you want, what size system you need and how much energy you consume.
Is cost the most important thing to consider when buying solar panels?
The upfront cost is a crucial factor to consider, but whether it's the most important for you depends on your reasons for going solar. In areas where rooftop space is limited, efficiency can be more important than the cost. Other factors that are important to be mindful of are the quality and durability of your solar panels.
How will solar panels impact how much my home is worth?
Solar panels can increase your property's value significantly as long as you buy or finance your panels and don't go for 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 a solar system."
What solar power system size is right for 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 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.