Solar Panel Cost Guide in Swanzey, NH (2023 Update)
- Swanzey Solar Installation Cost: $10,177
- 25-Year Savings: $14,823
- Payback Period: 10.2 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Swanzey
Let's have a look at the average cost of solar in Swanzey.
The average cost of solar panels in Swanzey is 2.91 per watt. The average solar panel system size in Swanzey is around 5.0 kilowatts, meaning a cost of about $10,185 for a solar installation, or $14,565 before the 30% federal solar tax credit is applied.
The true price you pay can be above or below the average in Swanzey based on several factors, such as the model of solar panels you choose and the solar contractor you hire. With average savings of about $19,000 on electricity bills over 20 years, many homeowners in Swanzey find investing in solar can pay off big.
For a personalized quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Swanzey
| Year | Return on Investment |
|---|---|
| 1 years | $-10,094 |
| 3 years | $-9,927 |
| 5 years | $-9,760 |
| 7 years | $-9,594 |
| 9 years | $-9,427 |
| 11 years | $-9,260 |
| 13 years | $-9,094 |
| 15 years | $-8,927 |
| 17 years | $-8,760 |
| 19 years | $-8,594 |
| 21 years | $-8,427 |
| 23 years | $-8,260 |
| 25 years | $-8,094 |
Top Solar Installers in Swanzey
DIY solar panel installation is a possibility, but it's an undertaking that can be a headache. Using a solar panel installer can make switching to solar power much easier. A solar company can also help save you money in the long run by providing warranties, repairs and system component replacements.
If you're on the hunt for a solar company in Swanzey, we've compiled a list of our top suggestions here:
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 Swanzey
Factors that Affect Solar Panel Costs in Swanzey
The cost of installing a solar system in Swanzey can vary by more than $10,000 from home to home. Your actual cost is determined by several factors. The biggest one is the size of the system your household needs, and other factors include equipment choices, financing options and the solar installer you choose.
Solar Equipment
The size of the solar panel system you need to offset your energy usage, which is measured in kilowatts, is the most significant cost factor to consider. For every additional kilowatt you need, your total will most likely increase by about $2,910. The brand of solar panels and equipment you choose is another factor that will considerably 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 researching a solar system that falls within your budget.
Solar Financing Terms
Most solar companies in Swanzey provide solar loans, which reduce your upfront costs of installing a solar system. It's a good idea to factor the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and the amount of time it'll take to pay off the loan.
Solar Panel Installation Company
A final consideration when trying to evaluate the cost of solar for your home or business in Swanzey is the company you choose to install your PV system. As with choosing a company to build a deck or pool, for example, you'll have no shortage of solar installers that offer a range of services for different budgets. The company's size sometimes plays the most considerable role in your costs. Larger national companies, like SunPro and Sunrun, often have lower pricing because of more resources and better pricing. Smaller local companies might be more costly, but they can sometimes have better customer service and more customization options, and the occasional sale or discount can bring their pricing down 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 | $17,313 | 10.6 years |
| 8 kW | $2.97 | $16,622 | $23,410 | 10.4 years |
| 10 kW | $2.91 | $20,370 | $29,670 | 10.2 years |
| 12 kW | $2.85 | $23,955 | $36,093 | 10.0 years |
| 14 kW | $2.79 | $27,377 | $42,679 | 9.8 years |
| 16 kW | $2.74 | $30,636 | $49,428 | 9.6 years |
| 18 kW | $2.68 | $33,733 | $56,339 | 9.4 years |
| 20 kW | $2.62 | $36,666 | $63,414 | 9.2 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:
- Installation Process: An important thing to understand when adopting solar power is the installation process itself. Be sure to clarify any details you need to know with your solar installer, such as what permits you should acquire and what the project timeline is.
- Warranty: A high-quality company stands out from other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Contract: Although reading through a contract can take a lot of time, it's important to do it thoroughly so you can be sure you understand what services your solar company will provide and the terms of the warranty.
- 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 substantial 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 Swanzey, NH Solar Cost FAQs
What is the average cost of installing solar panels in Swanzey?
This is a tough 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 higher quality panels, or if you have above-average energy consumption. 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 Swanzey?
Leasing solar panels can be an appealing choice, as it usually comes with low or $0 upfront payments. The downside is that you won't be able to save as much. If you lease, you don't own the system, so you can't claim any incentives and your home value won't increase. Buying solar panels is a better option if you want to maximize your savings.
Can you sell solar power back to the grid in Swanzey?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states allow you to sell power back to the grid, but others just give you credit toward your future power bills.
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 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.