Solar Panel Cost Guide in Tilton, NH (2023 Update)
- Tilton Solar Installation Cost: $10,077
- 25-Year Savings: $16,723
- Payback Period: 9.4 Years
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Updated September 15, 2023
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Average Cost of Solar Panels in Tilton
Find out what the average cost of solar panels are in Tilton.
While the national average of solar panels is $2.66 per watt, solar panels in Tilton typically cost about 2.91. Using this figure, a typical 5.0-kW system would cost about $10,083 before the 30% federal solar tax credit is applied.
These figures are just averages, and the cost of going solar for you may look different based on the amount of energy your home requires and what company you go with. With average savings of about $21,000 on power bills over 20 years, many homeowners in Tilton find installing solar panels has a decent ROI.
For a customized quote from a local solar installer that has been pre-vetted by the EcoWatch team, click the button below.
Solar savings over time in Tilton
| Year | Return on Investment |
|---|---|
| 1 years | $-8,670 |
| 3 years | $-5,857 |
| 5 years | $-3,043 |
| 7 years | $-230 |
| 9 years | $2,584 |
| 11 years | $5,398 |
| 13 years | $8,211 |
| 15 years | $11,025 |
| 17 years | $13,839 |
| 19 years | $16,652 |
| 21 years | $19,466 |
| 23 years | $22,280 |
| 25 years | $25,093 |
Top Solar Installers in Tilton
Putting up solar panels yourself can be a stressful undertaking, which is why getting a solar installer is a good option for many homeowners. Also, companies with an outstanding reputation that are more expensive upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are a number of licensed solar professionals that can take care of your solar installation project. 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 Tilton
Factors that Affect Solar Panel Costs in Tilton
For many Tilton homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Tilton, with typical prices between $20,000 to $40,000. There are several factors that considerably 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 variety of factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems that have higher efficiency or power generation use better technology and/or more equipment, both of which can raise costs. For each additional kilowatt you need, your cost can go up by about $2,910. The brand of solar panels and equipment you choose is another factor that will largely affect 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 think about the kind of racks used to mount the panels, inverters, solar batteries, etc. It's important to take all of this into consideration when searching for a solar system that falls within your budget.
Solar Financing Terms
Solar panels can save you money on energy bills over time, but they can also be a significant investment. That's why many Tilton homeowners decide to finance their solar panel systems to make going solar more affordable. You'll have to consider the long-term cost of financing options, including the total interest you'll pay over the length of the loan. If you're only able to get a high-interest loan, then your total can be hundreds or even thousands of dollars more than the principal cost. Making a larger down payment or finding a solar loan with a low APR could reduce your costs significantly.
Solar Panel Installation Company
The solar company you opt for to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Tilton, and each can charge varying amounts for labor and equipment. Companies that only sell products with high efficiency and therefore a higher price point — like Maxeon solar panels from SunPower or Tesla Powerwall batteries — so choosing those installers will generally come with an above-average cost. It's best to do some research and choose a company that provides the products, warranties and services you want and also fits within your budget.
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 | $19,793 | 9.8 years |
| 8 kW | $2.97 | $16,622 | $26,716 | 9.6 years |
| 10 kW | $2.91 | $20,370 | $33,802 | 9.4 years |
| 12 kW | $2.85 | $23,955 | $41,052 | 9.2 years |
| 14 kW | $2.79 | $27,377 | $48,464 | 9.0 years |
| 16 kW | $2.74 | $30,636 | $56,039 | 8.8 years |
| 18 kW | $2.68 | $33,733 | $63,777 | 8.6 years |
| 20 kW | $2.62 | $36,666 | $71,679 | 8.5 years |
How to Save on Solar Panels
There are many companies to choose from in Tilton, and some homeowners feel overwhelmed considering their options. Choosing the right company for you can be difficult, so here are some tips to help you decide:
- Reputation: Make sure your solar company 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 EcoWatch.
- Solar Panel Brands: Not all solar installers have the same brands of solar panels, so the brand and type of panel you want can play a considerable role in the company you opt for.
- Contract: When reading through your solar company's contract, ask for clarification about any terms you're not sure of and make sure you understand what happens in scenarios such as a system component breaking or the company going out of business.
- Installation Process: When going solar, it's crucial to keep an open line of communication with your solar panel company. See to it that you understand how the installation process works and the completion timeline.
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 Tilton, NH Solar Cost FAQs
What is the average cost of installing solar panels in Tilton?
This is a hard question to answer precisely, because the cost depends on a variety of 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 cost more 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 cheaper solar panels.
Can you get solar panels for free in Tilton?
You can't get solar panels for free in Tilton. However, you may still be able to get them on a lower budget. You can lease solar panels for a low upfront cost or, if you'd rather own your solar panels, you can finance them with a solar loan.
Can solar panels significantly reduce my power bills?
It is possible to eradicate your electricity bills with solar panels, but for most homeowners throughout Tilton, that will require at least a 10-kW system. Not all homes can accommodate that size system, so you'll want to check with a local solar installer to see how many panels can fit on your roof.
How long do solar panels last in Tilton?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency goes down by about 0.8% each year. You can choose to replace them sooner if you want to maintain a higher level of energy production.
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.