Solar Panel Cost Guide in Wolfeboro, NH (2023 Update)
- Wolfeboro Solar Installation Cost: $10,144
- 25-Year Savings: $17,596
- Payback Period: 9.2 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Wolfeboro
We go over average solar pricing in Wolfeboro.
The national average cost of solar panels is $2.66 per watt, but in Wolfeboro it's 2.91 per watt. Using this figure, a typical 5.0-kW system would cost about $10,144 before the 30% federal solar tax credit is applied.
These figures are only averages, and how much solar costs for you will vary based on factors unique to your home and what company you go with. With typical savings of about $21,000 on utility bills over 20 years, many homeowners in Wolfeboro find going solar has a decent ROI.
Click the button below to get connected to a highly rated solar panel company in your area for a customized estimate.
Solar savings over time in Wolfeboro
| Year | Return on Investment |
|---|---|
| 1 years | $-9,035 |
| 3 years | $-6,815 |
| 5 years | $-4,596 |
| 7 years | $-2,377 |
| 9 years | $-158 |
| 11 years | $2,062 |
| 13 years | $4,281 |
| 15 years | $6,500 |
| 17 years | $8,719 |
| 19 years | $10,939 |
| 21 years | $13,158 |
| 23 years | $15,377 |
| 25 years | $17,596 |
Top Solar Installers in Wolfeboro
Do-it-yourself solar panel installation is a way to cut costs, but it's an undertaking that can be a headache. Going with an installer can make your swap to solar power much easier. Plus, if you're unsure what kind of solar panels and equipment you want, a solar company can help you figure that out after a site survey and consultation.
You can get a free quote from a local solar installer on how much solar panels could cost for your home. Here are some nearby:
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 Wolfeboro
Factors that Affect Solar Panel Costs in Wolfeboro
For many Wolfeboro homeowners, the decision to go solar depends on 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 several factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that determines the overall cost of installing solar panels. Because of that, it's a priority to accurately assess the size of the solar energy system needed for your home by figuring out your average energy use. There are several different solar panel brands and the one you choose also affects the cost. In general, the brands that have better efficiency tend to also be more expensive. Plus, the type of equipment you choose can affect your total cost. If you only need panels, your system will be much less expensive than if you also need solar batteries or an electric vehicle charger.
Solar Financing Terms
Most solar companies in Wolfeboro provide solar loans, which reduce the initial cost of installing solar. When figuring out your overall cost, you should also calculate the interest you'll pay if you go with a solar loan. Also, paying more upfront can reduce the total interest paid over time.
Solar Panel Installation Company
Lastly, the company you hire to install your solar panels can impact the cost. Wolfeboro's solar companies all have different labor costs and add varying upcharges to equipment. The company's size can sometimes play the most significant role in your total costs. Larger national companies, like SunPro and Sunrun, often have lower prices because they have access to more resources and better pricing. Smaller local companies might be more costly, but they generally have better customer service and more customization options, and the occasional sale or discount can bring their pricing lower 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 | $20,680 | 9.5 years |
| 8 kW | $2.97 | $16,622 | $27,899 | 9.3 years |
| 10 kW | $2.91 | $20,370 | $35,281 | 9.2 years |
| 12 kW | $2.85 | $23,955 | $42,827 | 9.0 years |
| 14 kW | $2.79 | $27,377 | $50,535 | 8.8 years |
| 16 kW | $2.74 | $30,636 | $58,406 | 8.6 years |
| 18 kW | $2.68 | $33,733 | $66,440 | 8.4 years |
| 20 kW | $2.62 | $36,666 | $74,637 | 8.2 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 picking a company can be a tough decision, we have some tips to help you, such as:
- Contract: It's important to look over your solar installer's contract fully to understand what services they will provide, what the warranty covers and what expectations you should have about the installation process.
- Installation Process: Get details from your solar company about the installation process and what to expect, including when the site survey will be completed and what the project timeline is.
- Warranty: A comprehensive, long-term warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Solar Panel Brands: Different companies will carry various brands and kinds of panels. If you want a specific brand, make sure the solar company you're considering has it.
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 Wolfeboro, NH Solar Cost FAQs
What is the average cost of installing solar panels in Wolfeboro?
The average cost of solar panels in Wolfeboro is about $14,550 for a 5-kW system and $29,100 for a 10-kW system before the ITC, but the real cost will depend on things such as the type of solar panels you want, what size system you need and how much energy you consume.
Is it better to lease or buy solar panels in Wolfeboro?
Leasing solar panels can be an appealing choice, as it often 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 get the most savings.
Does Wolfeboro have a net metering program?
The majority of states have net metering programs of some kind. Through these, you can get paid for the extra power your system generates or or receive credits to put toward future utility bills. Currently there are just three states that don't have any net metering laws: Alabama, Tennessee and South Dakota.
How many solar panels do I need to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home needs and how much sunlight your home gets. For a general estimate, however, since each panel can typically produce about 250 to 400 watt-hours per hour, the average house will need 20 to 35 panels.
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.