Solar Panel Cost Guide in Rockingham, VT (2023 Update)
- Rockingham Solar Installation Cost: $10,829
- 25-Year Savings: $22,929
- Payback Period: 8.0 Years
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Updated May 04, 2023
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Average Cost of Solar Panels in Rockingham
Find out what the average cost of solar panel installation is in Rockingham.
The national average cost of solar panels is $2.66 per watt, but in Rockingham it's 2.87 per watt. The average Rockingham homeowner needs a 5.4-kilowatt system, which would cost about $10,829 with the federal tax credit, or $15,485 before the 30% tax credit is applied.
Remember that the numbers above are only averages. The price you'll pay for solar may look quite different based on your household energy use, the type of equipment you choose, your solar contractor and more. Many homeowners find going solar is a solid investment. The average homeowner in Rockingham can save around $24,000 on their energy bills over 20 years.
To receive a free quote from a vetted solar installation company in Rockingham, you can click the button below.
Solar savings over time in Rockingham
| Year | Return on Investment |
|---|---|
| 1 years | $-9,478 |
| 3 years | $-6,778 |
| 5 years | $-4,077 |
| 7 years | $-1,376 |
| 9 years | $1,324 |
| 11 years | $4,025 |
| 13 years | $6,726 |
| 15 years | $9,426 |
| 17 years | $12,127 |
| 19 years | $14,827 |
| 21 years | $17,528 |
| 23 years | $20,229 |
| 25 years | $22,929 |
Top Solar Installers in Rockingham
Many homeowners opt for a solar panel company since trying to install solar panels yourself can be hard. Also, companies with an outstanding reputation that cost more upfront could actually save you money in the long run with their warranties, repair services and expert design.
There are several 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 Rockingham
Factors that Affect Solar Panel Costs in Rockingham
For many Rockingham homeowners, the decision to install a solar energy system comes down to cost. However, the range of solar installation costs can be quite wide in Rockingham, with typical prices between $20,000 to $40,000. There are numerous factors that greatly influence the price you'll pay, which we'll go over below.
Solar Equipment
One of the most significant factors to consider when it comes to the cost of going solar is the size of the solar system, which is measured in kilowatts (kW). The more electricity your household uses, the larger your system will likely need to be. You can expect to pay around $2,870 per kilowatt in Rockingham. There are several different solar panel brands and the one you pick also affects the cost. Generally speaking, the brands that offer higher efficiency tend to also cost more. Plus, the type of equipment you're looking to get 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
Many homeowners find the average cost of solar in Rockingham to be too costly, even if the investment pays off over time. Fortunately, almost every solar company in the area provides access to financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to higher prices over time due to interest. It's a good idea to include the interest you'll pay in your final cost estimate. If you can afford to put more money down upfront, you can reduce your total costs and how long it'll take to pay off the loan.
Solar Panel Installation Company
A final factor to keep in mind when trying to evaluate the cost of solar for your home or business in Rockingham is the company you get to install your PV system. As with choosing a company to install new cabinets, for instance, you'll have many options for solar installers that provide a range of services at different costs. Larger national companies usually have lower costs, but some local companies undercut them by promoting sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or add-on services like electric car charger installation, they might be cheaper overall.
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 | $25,056 | 8.3 years |
| 8 kW | $2.93 | $16,393 | $33,729 | 8.2 years |
| 10 kW | $2.87 | $20,090 | $42,563 | 8.0 years |
| 12 kW | $2.81 | $23,626 | $51,558 | 7.9 years |
| 14 kW | $2.76 | $27,001 | $60,713 | 7.7 years |
| 16 kW | $2.70 | $30,215 | $70,030 | 7.5 years |
| 18 kW | $2.64 | $33,269 | $79,506 | 7.4 years |
| 20 kW | $2.58 | $36,162 | $89,144 | 7.2 years |
How to Save on Solar Panels
Since the model of solar panels and the company you choose considerably impacts your costs and your system's efficiency, production, and durability, it's important to pick the right ones for you. Here are some things to keep in mind to help with your decision:
- Warranty: An all-inclusive, 25-year warranty can help keep your solar panel system running smoothly and save you money on repairs and maintenance.
- Contract: Before you sign a contract with a solar company, be sure to read it through carefully so you understand the terms. Also, ask questions if you're unsure 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.
- Installation Process: When going solar, it's important to keep an open line of communication with your solar panel installer. See to it that you understand how the installation process works and the project completion timeline.
- Solar Panel Brands: Homeowners will have different preferences for panels based on their locations and energy needs. Although there are many options for which kind of solar panel you can get, not every company will have the exact one you may want or need, so be sure to take a look at their list of options before making your decision.
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 Rockingham, VT Solar Cost FAQs
What is the average cost of installing solar panels in Rockingham?
The average cost of solar panels in Rockingham is about $14,350 for a 5-kW system and $28,700 for a 10-kW system before the ITC, but the real cost will depend on stuff like the model of solar panels you want, what size system you need and how much energy you use.
Are solar panels free in Rockingham?
You can't get solar panels for free in Rockingham. However, you may still be able to afford them on a lower budget. You can lease solar panels for a low upfront cost or, if you want to own your solar panels, you can finance them with a solar loan.
Can solar panels completely eradicate my energy bills?
It is possible to erase your electricity bills with solar panels, but for most homeowners throughout Rockingham, that will require at least a 10-kW system. Not all homes will have roofs that can accommodate that size system, so you'll want to contact a local solar installer to see how many panels can fit on your roof.
How often do you have to replace solar panels?
Though the average lifespan of solar panels is 25 to 30 years, that doesn't mean they should be disposed of at that time. What this means is the amount of energy they produce will have decreased significantly after that point. You can decide to 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.