Solar Panel Cost Guide in Tilton, NH (Mar 2023)
- Tilton Solar Installation Cost: $10,083
- 25-Year Savings: $16,717
- Payback Period: 9.4 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Tilton
We go over average solar pricing in Tilton.
The national average cost of solar panels is $2.66 per watt, but in Tilton it's 2.91 per watt. Using this figure, a typical 5.0-kW system would cost about $10,083 before the 30% federal solar tax credit is applied.
The prices above are just estimates to give you an idea of how much solar panels could cost. The actual cost of making the switch to solar can vary quite a bit depending on a few factors, such as how many panels you need, your energy consumption and what company you go with. But, once you've paid the initial cost of installation, the savings for most homeowners is usually good, with a net average savings of about $21,000 over 20 years on electricity bills.
For a free quote from a local solar company that has been pre-vetted by EcoWatch, click the button below.
Solar savings over time in Tilton
| Year | Return on Investment |
|---|---|
| 1 years | $-9,011 |
| 3 years | $-6,867 |
| 5 years | $-4,723 |
| 7 years | $-2,579 |
| 9 years | $-435 |
| 11 years | $1,709 |
| 13 years | $3,853 |
| 15 years | $5,997 |
| 17 years | $8,141 |
| 19 years | $10,285 |
| 21 years | $12,429 |
| 23 years | $14,573 |
| 25 years | $16,717 |
Top Solar Installers in Tilton
When switching to solar energy, many homeowners decide to hire a solar company since DIY solar panel installation can be a time-consuming project. Plus, if you're not certain what brand of solar panels and equipment you may need, a solar expert can help you find the right equipment for you after a site survey and consultation.
There are various licensed solar professionals that can help you install your solar panels. 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
Although the average cost of a solar system in Tilton is $10,083, your actual cost may be above or below the average. There are many factors that can have a sizable impact on the cost of a residential solar panel installation. Below are some of the more important things to keep in mind.
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 around $2,910. There are a lot of different solar panel brands and the one you pick also changes the cost. Generally, the brands that are more efficient tend to also cost more. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
For some homeowners, paying for a solar system out of pocket can be financially overwhelming. Solar loans are available from most installers in Tilton, which can reduce, or in some cases eliminate, your upfront costs to make solar more accessible. It's wise to factor the interest you'll pay in your final cost estimate. If you can afford to pay a larger down payment, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
The solar panel installation company you pick will impact your total cost to go solar. Different companies will charge different amounts for the equipment and labor. The size of the company sometimes plays the most considerable role in the cost. 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 can sometimes 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 | $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
The solar company you go with will impact not only your overall costs, but also the types of solar panel brands, warranties, and other equipment you have access to. When choosing a solar company, there are a few important things you should consider, such as:
- Solar Panel Brands: Homeowners will have different preferences for panels based on their roof configurations and energy needs. Although there are many options for which model of solar panel you can get, not every company will have access to the exact one you may want or need, so be sure to ask for their list of options before deciding.
- Contract: Before you sign a contract with a solar company, make sure you read it through fully so you understand the terms. Also, ask questions if you're not certain about some of the terms, such as what to do if a component breaks or malfunctions and if there are any guarantees about energy production.
- Reputation: Solar installers that have great reviews from their customers and that have been in business for many years in most cases provide quality solar panel installation and expertise.
- Installation Process: Homeowners should understand how exactly the installation process will be carried out, as well as important factors like the project 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.