Solar Panel Cost Guide in Winchester, NH (2024 Update)
- Winchester Solar Installation Cost: $14,758
- 25-Year Savings: $14,823
- Payback Period: 14.8 Years
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Average Cost of Solar Panels in Winchester
Let’s have a look at the average cost of solar panels in Winchester.
The average cost of a solar system in Winchester is 4 per watt.To account for the typical energy needs of the average home in Winchester, most homeowners require a 5.0-kilowatt system. Using the per-watt figure above, a solar installation costs around $14,758, or $21,104 before the federal solar tax credit of 0 is applied.
These figures are only estimates, and the cost of going solar for you will look different based on factors unique to your home and what company you want to go with.Many homeowners find going solar is a rewarding investment. The average homeowner in Winchester can save about $19,000 on their electricity bills over 20 years.
To calculate your potential savings and connect with a local solar installer, click the button below.
Solar savings over time in Winchester
| Year | Return on Investment |
|---|---|
| 1 years | $-13,352 |
| 3 years | $-10,538 |
| 5 years | $-7,724 |
| 7 years | $-4,911 |
| 9 years | $-2,097 |
| 11 years | $717 |
| 13 years | $3,530 |
| 15 years | $6,344 |
| 17 years | $9,158 |
| 19 years | $11,971 |
| 21 years | $14,785 |
| 23 years | $17,599 |
| 25 years | $20,412 |
Top Solar Installers in Winchester
Putting up solar panels yourself can be a stressful undertaking, which is why hiring a solar installer is a good option for many homeowners. In addition, if you’d like to maximize your investment in solar, going with a solar installer can help with that too. Different providers can offer repairs, expertise on installation and sometimes even information on local incentives, rebates and net metering programs.
Working with a vetted solar installer can make going solar easier. Here are our recommendations:
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Winchester
Factors that Affect Solar Panel Costs in Winchester
For many Winchester homeowners, the decision to install a solar energy system depends on cost. However, the range of solar installation costs can be quite wide in Winchester, with typical prices between $20,000 to $40,000. There are various factors that greatly influence the price you’ll pay, which we'll go over below.
Solar Equipment
The cost of solar panels varies by thousands of dollars due to some different factors. One of the key factors is the system size, which is measured in kilowatts (kW). Solar power systems with better efficiency or power generation need 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 $4,220.There are a lot of different solar panel brands and the one you choose also affects the cost. In many cases, the brands that offer higher efficiency tend to also be more expensive. Additionally, the type of equipment you’re looking to get can affect your total cost. If you just need panels, your system will be far less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Many homeowners find the average cost of solar in Winchester to be prohibitively expensive, even if the investment pays off over time. Fortunately, nearly every solar company in the area provides access to financing options. Solar loans remarkably decrease upfront costs in most cases, but they also lead to a higher cost over time because of interest.However, the interest on solar loans also adds to your all-in costs, so it’s vital to consider that as well. You can always reduce the total you pay in interest and possibly even your APR by putting more money down.
Solar Panel Installation Company
The solar installer you opt for to handle your switch to renewable energy can play a part in your total costs. There are about 3 solar installation companies operating in Winchester, and each can charge different amounts for labor and equipment.You may come across national solar installers that have lower prices because of their bigger brand name and access to bulk pricing, or you might see small, local installation companies offering deals or promotions to compete with those larger companies.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $4.39 | $18,433 | $11,591 | 15.3 years |
| 8 kW | $4.30 | $24,105 | $15,927 | 15.1 years |
| 10 kW | $4.22 | $29,540 | $20,500 | 14.8 years |
| 12 kW | $4.14 | $34,739 | $25,309 | 14.5 years |
| 14 kW | $4.05 | $39,702 | $30,354 | 14.2 years |
| 16 kW | $3.97 | $44,428 | $35,636 | 13.9 years |
| 18 kW | $3.88 | $48,918 | $41,154 | 13.6 years |
| 20 kW | $3.80 | $53,172 | $46,908 | 13.3 years |
How to Save on Solar Panels
There are a lot of solar installers to choose from, all of which offer different warranties, solar panel models and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Reputation: Solar companies that have great reviews from their customers and that have been operating for many years likely provide quality solar panel installation and expertise.
- Installation Process: Homeowners should make sure they know how exactly the installation process will go, as well as important factors like the completion timeline.
- Warranty: Companies typically offer different kinds of warranties that provide different kinds of coverage. A 25-year, all-inclusive warranty is the gold standard.
- Solar Panel Brands: Each solar panel brand and kind has varying levels of quality, durability and energy efficiency. They will come at different prices as well. The company you choose plays a role in which solar panel brands you have access to.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
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 Winchester, NH Solar Cost FAQs
How much does it cost to install solar panels in Winchester?
The average cost of solar panels in Winchester is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the kind of solar panels you want, what size system you need and how much energy you consume.
Can you get solar panels for free in Winchester?
A solar panel system isn’t free in Winchester, but there are some options that can make getting them more affordable, such as leasing solar panels or getting a solar loan. There may also be local programs or incentives that can further reduce the cost.
Do solar panels increase how much your home is worth?
Solar panels can increase the value of your home significantly as long as you buy or finance your panels and don’t go for a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
The exact number of solar panels you need depends on your household energy needs and the amount of 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.