Solar Panel Cost Guide in Wolfeboro, NH (2024 Update)
- Wolfeboro Solar Installation Cost: $14,725
- 25-Year Savings: $17,587
- Payback Period: 13.3 Years
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Average Cost of Solar Panels in Wolfeboro
See how much it might cost to make the switch to solar in Wolfeboro.
Currently, the national average cost of solar panels is $2.66 per watt. However, in Wolfeboro, the average cost of solar panels is 4 per watt.Because a 5.0-kW system is needed to cover the energy usage of a typical home in Wolfeboro, the average price of going solar will be about $14,725 after claiming the federal solar tax credit of 0.
Remember that the numbers above are only averages. The price you’ll end up paying for solar may look quite different based on your household energy needs, the type of equipment you want, your solar contractor and more.For most homeowners, the upfront investment in solar power is worth paying. On average you could be looking at about $21,000 in savings on energy bills over 20 years.
Click the button below to get connected to a highly rated solar installer in your area for a custom quote.
Solar savings over time in Wolfeboro
| Year | Return on Investment |
|---|---|
| 1 years | $-13,273 |
| 3 years | $-10,371 |
| 5 years | $-7,468 |
| 7 years | $-4,566 |
| 9 years | $-1,663 |
| 11 years | $1,239 |
| 13 years | $4,142 |
| 15 years | $7,045 |
| 17 years | $9,947 |
| 19 years | $12,850 |
| 21 years | $15,752 |
| 23 years | $18,655 |
| 25 years | $21,557 |
Top Solar Installers in Wolfeboro
Installing solar panels on your own can be a difficult task, which is why getting a solar installation company is a good option for many homeowners. Plus, warranties and repairs from your solar panel company can protect your investment and reduce the cost of maintenance in the long run.
Working with a licensed solar installer can help you make the most of your investment in solar. 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
See all of the solar companies in Wolfeboro
Factors that Affect Solar Panel Costs in Wolfeboro
For many Wolfeboro homeowners, the decision to install solar panels comes down to cost. However, the range of solar installation costs can be quite wide in Wolfeboro, with typical prices between $20,000 to $40,000. There are various factors that considerably influence the price you’ll pay, which we'll go over below.
Solar Equipment
When it comes to estimating the cost of a solar system in Wolfeboro, one of the most crucial factors is the size of the system you need. Solar systems are sized by kilowatts (kW) and are largely based on your home’s energy usage, which you can figure out by looking at past energy bills. Your total cost can increase by about $4,220 for each additional kilowatt you need.The type of solar equipment you choose can bring your price up or down by thousands or even tens of thousands of dollars. If you choose the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. On the other hand, more efficient panels could save you more over time on your electric bills. In addition, add-on products, such as solar batteries, can bump up your total well above the Wolfeboro average.
Solar Financing Terms
Solar panels can save you money on power bills over time, but they can also be a significant investment. That’s why many Wolfeboro homeowners decide to finance their solar panel systems to make paying for solar more affordable.It’s a good idea to factor the interest you’ll pay in your final cost estimate. If you can afford to pay a higher down payment, you can reduce your total costs and how long it’ll take to pay back the loan.
Solar Panel Installation Company
The solar installer you hire to handle your switch to solar energy can have an effect on your total costs. There are about 3 solar installation companies operating in Wolfeboro, and each can charge different 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 at a higher cost. It’s best to do some research and find a company that offers the products, warranties and services you want and also is 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 | $4.39 | $18,433 | $14,958 | 13.8 years |
| 8 kW | $4.30 | $24,105 | $20,417 | 13.5 years |
| 10 kW | $4.22 | $29,540 | $26,111 | 13.3 years |
| 12 kW | $4.14 | $34,739 | $32,043 | 13.0 years |
| 14 kW | $4.05 | $39,702 | $38,210 | 12.7 years |
| 16 kW | $3.97 | $44,428 | $44,614 | 12.5 years |
| 18 kW | $3.88 | $48,918 | $51,254 | 12.2 years |
| 20 kW | $3.80 | $53,172 | $58,131 | 11.9 years |
How to Save on Solar Panels
The solar company you go with will be a major factor in determining not only your total costs, but also the types of solar panel brands, warranties, and other equipment you can get. When choosing a solar company, there are some important things you should consider, such as:
- Reputation: Your solar installer should have a sound reputation as a company and have verifiable expertise in the field. Two ways to check this are to look for whether a company has technicians certified by the North American Board of Certified Energy Practitioners (NABCEP) and if it has satisfied reviews from previous customers.
- Solar Panel Brands: Different companies will offer various brands and kinds of panels. If you know you want a specific brand, make sure the solar panel installer you’re considering has it.
- Warranty: Many companies offer different kinds of warranties that cover different things. A 25-year, all-inclusive warranty is the gold standard.
- Installation Process: When making the switch to solar, it’s crucial to maintain an open line of communication with your solar panel company. Confirm that you understand how the installation process will go and the completion timeline.
Best for Leasing
Sunrun
- Expansive service area
- Many financing options
- Some reported issues with customer service
- Some reported issues with door-to-door sales
EcoWatch's Wolfeboro, NH Solar Cost FAQs
How much does it cost to install solar panels in Wolfeboro?
This is a hard question to answer exactly, because the cost depends on many factors. Generally speaking, it costs about $21,100 for a 5-kW system and $42,200 for a 10-kW system after the ITC is applied. It will be more expensive if you want additional solar equipment or more efficient panels, or if you have above-average energy consumption. On the flip side, you can spend less if you opt for a smaller solar panel system or cheaper solar panels.
Is cost the most important consideration when buying solar panels?
Cost is definitely one of the most important factors you should consider when buying solar panels, but other important factors include efficiency, durability, and quality.
How will installing solar panels impact my property value?
Buying or financing solar panels for your home can increase the value of your property by about 4%, according to research done by Zillow. The average home value in Wolfeboro is currently $588,007, which means you could be looking at a value of about $24,108 more than houses without a solar system. The specific figures will vary, but most experts agree that installing solar panels in Wolfeboro is a fruitful investment.
How long do solar panels last in Wolfeboro?
On average, the lifespan of solar panels is about 25 to 30 years. Some even last up to 50 years, but their efficiency decreases by about 0.8% each year. You can choose to replace them sooner if you want to maintain a larger 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.