Solar Panel Cost Guide in Manchester, VT (2023 Update)
- Manchester Solar Installation Cost: $10,929
- 25-Year Savings: $22,829
- Payback Period: 8.1 Years
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Updated March 14, 2023
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Average Cost of Solar Panels in Manchester
Find out what the average cost of a solar system is in Manchester.
The average cost of a solar panel system in Manchester is 2.87 per watt. Using this figure, a typical 5.4-kW system would cost about $10,929 before the 30% federal solar tax credit is applied.
Remember that the numbers above are only averages. The price you'll end up paying for solar may vary based on your household energy consumption, the type of solar system you choose, your solar contractor and more. But, after you've paid the initial cost of installation, the return on investment for most homeowners is typically fruitful, with a net average savings of about $24,000 over 20 years on utility bills.
To receive a free estimate from a pre-vetted solar company in Manchester, you can click the button below.
Solar savings over time in Manchester
| Year | Return on Investment |
|---|---|
| 1 years | $-9,579 |
| 3 years | $-6,878 |
| 5 years | $-4,177 |
| 7 years | $-1,477 |
| 9 years | $1,224 |
| 11 years | $3,924 |
| 13 years | $6,625 |
| 15 years | $9,326 |
| 17 years | $12,026 |
| 19 years | $14,727 |
| 21 years | $17,428 |
| 23 years | $20,128 |
| 25 years | $22,829 |
Top Solar Installers in Manchester
When making the switch to solar, many homeowners choose to use a solar installation company since DIY solar panel installation can be a challenging project. Also, companies with a high reputation that cost more upfront could actually save you money in the long term with their warranties, repair services and expert design.
If you're searching for a solar company in Manchester, we've put together a list of our top suggestions here:
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 Manchester
Factors that Affect Solar Panel Costs in Manchester
Cost is often one of the most important factors for homeowners who are considering investing in solar. There are a few major factors that affect your total cost in Manchester: solar equipment and system size, financing options and the solar installation company you choose. We'll cover each of these briefly below.
Solar Equipment
The cost of solar panel systems varies by thousands of dollars due to a few different 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 production need better technology and/or more equipment, both of which can increase costs. For each additional kilowatt you need, your cost can go up by about $2,870. The model of solar panels and equipment you get is another factor that will considerably affect costs. Solar panels that are more efficient, like monocrystalline panels, tend to cost more. Plus, solar equipment consists of more than just the solar panels themselves. You'll also need to consider 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
Most solar companies in Manchester have solar loans, which reduce the initial cost of installing solar. Although solar loans make switching to solar energy more accessible for Manchester homeowners, they can also add to the total you pay for your system, depending on your interest rate. If you put down a larger down payment, though, you can avoid paying as much in interest.
Solar Panel Installation Company
The solar installer you pick will affect your total cost to make the switch to solar power. Different companies will charge different amounts for the equipment and labor. Additionally, some companies in Manchester know more about local solar incentives and can help you learn about additional rebates or tax exemptions. Though, they may charge more for that service. Even if they cost more upfront, they could end up saving you more money in the long run.
Solar Panel Cost Data by System Size
| System size | Cost per system watt | Solar system cost | 25-Year savings | Payback period |
|---|---|---|---|---|
| 6 kW | $2.98 | $12,536 | $24,690 | 8.4 years |
| 8 kW | $2.93 | $16,393 | $33,242 | 8.3 years |
| 10 kW | $2.87 | $20,090 | $41,954 | 8.1 years |
| 12 kW | $2.81 | $23,626 | $50,827 | 7.9 years |
| 14 kW | $2.76 | $27,001 | $59,860 | 7.8 years |
| 16 kW | $2.70 | $30,215 | $69,055 | 7.6 years |
| 18 kW | $2.64 | $33,269 | $78,410 | 7.4 years |
| 20 kW | $2.58 | $36,162 | $87,926 | 7.3 years |
How to Save on Solar Panels
The company that does your system installation will affect the warranties and brands you have access to, and it will also have an impact on your total cost. Since picking a company can be a challenge, we have some tips to help you, such as:
- Solar Panel Brands: Different companies will carry different brands and models of panels. If you prefer a specific brand, make sure the solar installer you're considering has it.
- 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 how long it will take.
- Warranty: An all-inclusive, long-term warranty can help keep your solar panels running for years to come and save you money on repairs and maintenance.
- Contract: Look through the contract terms closely to make sure you understand how much it will cost, project timeline rebates and warranties.
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 Manchester, VT Solar Cost FAQs
What is the average cost of installing solar panels in Manchester?
The average cost of solar panels in Manchester is about $14,350 for a 5-kW system and $28,700 for a 10-kW system before the ITC, but the actual cost will depend on certain factors like the model 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 Manchester?
Leasing solar panels can be an appealing choice, as it typically 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 tax rebates and credits and your home value won't increase. Buying solar panels is a better way to go if you want to maximize your savings.
Is it worth going solar in Manchester?
Solar panels can be a beneficial investment for lots of homeowners, but they might not be worth it for everyone. If your home doesn't get a lot of direct sunlight and/or your electricity bills are already reasonably low, solar panels might not be for you.
How long do solar panels last in Manchester?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they are completely unusable at that time. What this means is their energy production will have decreased significantly after that point. You can replace them after having them for that long or you can continue to use them at a lower efficiency.
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.