Solar Panel Cost Guide in Suncook, NH (2023 Update)
- Suncook Solar Installation Cost: $10,144
- 25-Year Savings: $15,200
- Payback Period: 10.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Suncook
Find out what the average cost of solar panel installation is in Suncook.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Suncook, the typical cost of a solar system is 2.91 per watt. The average Suncook homeowner needs a 5.0-kilowatt system, which would cost about $10,144 with the federal tax credit, or $14,506 before the 30% tax credit is applied.
The prices above are just estimates to give you an idea of how much a solar energy system could cost. The exact cost of going solar can vary based on multiple factors, such as what size system you need, your energy usage and what solar installer you go with. Many homeowners find going solar is a solid investment. The average homeowner in Suncook can save around $19,000 on their power bills over 20 years.
Click the button below to get connected to a highly rated solar panel company in Suncook for a customized quote.
Solar savings over time in Suncook
| Year | Return on Investment |
|---|---|
| 1 years | $-9,130 |
| 3 years | $-7,103 |
| 5 years | $-5,075 |
| 7 years | $-3,048 |
| 9 years | $-1,020 |
| 11 years | $1,007 |
| 13 years | $3,035 |
| 15 years | $5,062 |
| 17 years | $7,090 |
| 19 years | $9,117 |
| 21 years | $11,145 |
| 23 years | $13,172 |
| 25 years | $15,200 |
Top Solar Installers in Suncook
Many homeowners decide to use a solar installation company since installing solar panels yourself can be challenging. Some solar installers, especially local ones, can help you better understand incentives in Suncook, thereby optimizing your ROI.
You can work with a local solar installer to get a free estimate on how much solar panels could cost for your home. Here are some in Suncook:
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 Suncook
Factors that Affect Solar Panel Costs in Suncook
The cost of installing a solar system in Suncook can vary by more than $10,000 from home to home. Your actual cost depends on several factors. The most significant one is the size of the system your home needs, and other factors include equipment choices, financing options and the solar company you choose.
Solar Equipment
The size of the solar system you need for your household, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, you can expect your total to increase by about $2,910. The brand of solar panels and equipment you get is another factor that will greatly impact costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Furthermore, solar equipment goes beyond 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 researching a solar system that's in your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over many years, but they can also be a significant investment. That's why many Suncook homeowners decide to finance their solar panel systems to offset upfront costs. You'll have to consider the long-term cost of loans, including the amount of interest you'll pay over the length of the loan. If you can only get a high-interest loan, then your total can be hundreds or even thousands of dollars above the equipment and labor cost. Making a larger down payment or finding a solar loan with a low interest rate could reduce your costs remarkably.
Solar Panel Installation Company
The remaining key cost factor you should take into consideration is the installer you choose. Given the growing popularity of green energy solutions in Suncook, you'll have a great number of options to choose from, but each comes at different price points for labor and equipment. The size of the company sometimes plays the most significant role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of 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 discount can bring their pricing lower to compete with bigger names.
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
Since the kind of solar panels and the installer you choose considerably influences your costs and your system's durability and efficiency, it's important to pick the right ones for you. Here are some tips to keep in mind to help with your decision:
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and be sure you understand what happens in scenarios like a system part breaking or the company going out of business.
- Warranty: A comprehensive, long-term warranty can help keep your solar system running smoothly and save you money on part replacement and repairs.
- Reputation: Make sure your solar installer has a good reputation by confirming it has certifications and licenses, checking its number of years in business and reading reviews by past customers and solar experts like the EcoWatch team.
- Solar Panel Brands: Not all solar companies offer the same brands of solar panels, so the brand and type of panel you want can play a significant role in the company you hire.
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 Suncook, NH Solar Cost FAQs
How much does it cost to install solar panels in Suncook?
The average cost of solar panels in Suncook 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 things such as the kind of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Suncook?
Leasing solar panels can be an option if you can't 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 home 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 bang for your buck from going solar.
Is switching to solar power 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.
What solar power system size is right for my home?
The exact number of solar panels you need depends on your household energy usage 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 buy between 20 and 35 panels to cover 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.