Solar Panel Cost Guide in South Hooksett, NH (Mar 2023)
- South Hooksett Solar Installation Cost: $10,144
- 25-Year Savings: $14,000
- Payback Period: 10.5 Years
See cost of a solar system near you:
Please enter a valid 5-digit zip code!
Updated March 14, 2023
Why you can trust EcoWatch
Average Cost of Solar Panels in South Hooksett
We go over average solar pricing in South Hooksett.
While the national average of solar panels is $2.66 per watt, solar panels in South Hooksett typically cost around 2.91. To cover the typical energy needs of the average home in South Hooksett, most homeowners require a 5.0-kilowatt system. Using the per-watt figure above, a solar installation costs about $10,144, or $14,506 before the federal solar tax credit of 30% is applied.
These figures are just estimates, and the cost of going solar for you will most likely differ based on your specific situation and what company you go with. For most homeowners, the upfront cost of solar panels is worth paying. On average South Hooksett homeowners see about $18,000 in savings on electricity bills over 20 years.
To get a free quote from a top solar company in South Hooksett, you can click the button below.
Solar savings over time in South Hooksett
| Year | Return on Investment |
|---|---|
| 1 years | $-9,178 |
| 3 years | $-7,247 |
| 5 years | $-5,315 |
| 7 years | $-3,384 |
| 9 years | $-1,452 |
| 11 years | $479 |
| 13 years | $2,411 |
| 15 years | $4,342 |
| 17 years | $6,274 |
| 19 years | $8,206 |
| 21 years | $10,137 |
| 23 years | $12,069 |
| 25 years | $14,000 |
Top Solar Installers in South Hooksett
Trying to put up solar panels on your own can be a dangerous undertaking, which is why getting 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 providing warranties, repairs and part replacements.
You can work with a local solar installer to get a free estimate on how much your investment in solar could cost for your home. Here are some nearby:
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 South Hooksett
Factors that Affect Solar Panel Costs in South Hooksett
For many South Hooksett homeowners, the decision to install a solar energy system rests on cost. However, the range of solar installation costs can be quite wide in South Hooksett, with typical prices between $20,000 to $40,000. There are a number of factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different factors. One of the major factors is the system size, which is measured in kilowatts (kW). Solar power systems with greater efficiency or power production use better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,910. The brand and kind of equipment you get for your solar system can increase or decrease the price quite significantly. If you prefer a trusted brand name like Tesla or SunPower, these often have a higher price tag 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 more savings over time. Also, if you want additional equipment like an electric vehicle charger or solar batteries, this will also raise the cost.
Solar Financing Terms
Most solar installers in South Hooksett have solar loans, which reduce the initial cost of installing a solar system. However, the interest on solar loans also increases your all-in costs, so it's crucial to consider that as well. You can always lower the total you pay in interest and sometimes even your APR by putting more money down.
Solar Panel Installation Company
The solar panel installer you choose will influence your total cost to make the switch to solar energy. Different companies will bill different amounts for the equipment and labor. The company's size sometimes plays the most considerable role in the cost of installation. Larger national companies, like SunPro and Sunrun, often have lower prices due to access to greater resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or promotion can bring their pricing down to compete with bigger 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 | $16,381 | 10.9 years |
| 8 kW | $2.97 | $16,622 | $22,167 | 10.7 years |
| 10 kW | $2.91 | $20,370 | $28,116 | 10.5 years |
| 12 kW | $2.85 | $23,955 | $34,228 | 10.3 years |
| 14 kW | $2.79 | $27,377 | $40,503 | 10.1 years |
| 16 kW | $2.74 | $30,636 | $46,941 | 9.9 years |
| 18 kW | $2.68 | $33,733 | $53,542 | 9.7 years |
| 20 kW | $2.62 | $36,666 | $60,306 | 9.5 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands available to you, and it will also have an impact on your total cost. Since selecting a company can be difficult, we have some tips to help you, such as:
- Warranty: If you care about the durability of your solar system, checking if your installer offers a 25-year, all-inclusive warranty can help put you at ease.
- 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 the terms of the warranty.
- Installation Process: Make sure you're on the same page with the installer regarding how the installation process will go and what you need to do before your solar panels are installed, such as updating or replacing your electrical system or roof.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and how much efficiency they need. Although there are many options for which model of solar panel you can get, not every company will have the exact one you may want or need, so make sure you take a look at their list of offerings before deciding.
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 South Hooksett, NH Solar Cost FAQs
How much does it cost to install solar panels in South Hooksett?
This is a hard question to answer precisely, because the cost depends on many 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 extra solar equipment or more efficient panels, or if you have higher-than-average energy usage. On the flip side, you can spend less if you choose a smaller solar panel system or less efficient solar panels.
Is it better to lease or buy solar panels in South Hooksett?
Leasing solar panels can be an option if you can't afford to pay upfront or secure a solar loan, but since you don't own the system, you don't have access to 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 savings from going solar.
Can you sell solar power back to the grid in South Hooksett?
Each state has some kind of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future utility bills.
How long do solar panels last in South Hooksett?
Though 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 how much energy they produce will have decreased significantly after that point. You can 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.