Solar Panel Cost Guide in Allenstown, NH (2024 Update)
- Allenstown Solar Installation Cost: $14,710
- 25-Year Savings: $14,550
- Payback Period: 14.9 Years
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Average Cost of Solar Panels in Allenstown
See how much it might cost to make the switch to solar in Allenstown.
The average cost of a solar system in Allenstown is 4 per watt.The average Allenstown homeowner needs a 5.0-kilowatt system, which would cost about $14,710 with the federal tax credit, or $21,035 before the 0 tax credit is applied.
These figures are just averages, and how much solar costs for you may look different based on factors unique to your home and what company you want to go with.Many homeowners find going solar is a fruitful investment. The average homeowner in Allenstown can save around $19,000 on their energy bills over 20 years.
To calculate your potential ROI and connect with a local solar company, click the button below.
Solar savings over time in Allenstown
| Year | Return on Investment |
|---|---|
| 1 years | $-13,303 |
| 3 years | $-10,489 |
| 5 years | $-7,676 |
| 7 years | $-4,862 |
| 9 years | $-2,048 |
| 11 years | $765 |
| 13 years | $3,579 |
| 15 years | $6,392 |
| 17 years | $9,206 |
| 19 years | $12,020 |
| 21 years | $14,833 |
| 23 years | $17,647 |
| 25 years | $20,461 |
Top Solar Installers in Allenstown
When switching to solar energy, many homeowners decide to hire a solar installation company since DIY solar panel installation can be a challenging project. Another great thing about using a top solar installer is that it'll provide warranties and free repairs, which help protect your solar investment.
If you’d like to make the switch to solar but still aren’t certain which solar company to go with, here are our recommendations for providers in Allenstown:
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Allenstown
Factors that Affect Solar Panel Costs in Allenstown
Even though the average cost of a solar system in Allenstown is $14,710, your actual cost may be above or below the average. There are quite a few factors that can have a significant impact on the cost of a solar panel installation. Below are some of the more important things to keep in mind.
Solar Equipment
Solar system size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of installing solar panels. That’s why it’s a priority to accurately ascertain 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 pick also affects the cost. In many cases, the brands that are more efficient tend to also be more expensive. Plus, the type of equipment you want to install 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 Allenstown to be too costly, even if the investment pays off over time. Thankfully, almost every solar company in the area provides access to financing options. Solar loans greatly decrease upfront costs for most homeowners, but they also result in paying more over time because of interest.It’s wise 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
Finally, the company you choose to install your solar panels can impact how much you pay. Allenstown’s solar companies all have different labor costs and add varying upcharges to equipment. Additionally, some companies in Allenstown know more about local solar incentives and can help you take advantage of additional rebates or tax exemptions. However, 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 | $4.39 | $18,433 | $11,320 | 15.5 years |
| 8 kW | $4.30 | $24,105 | $15,565 | 15.2 years |
| 10 kW | $4.22 | $29,540 | $20,048 | 14.9 years |
| 12 kW | $4.14 | $34,739 | $24,766 | 14.6 years |
| 14 kW | $4.05 | $39,702 | $29,721 | 14.3 years |
| 16 kW | $3.97 | $44,428 | $34,912 | 14.0 years |
| 18 kW | $3.88 | $48,918 | $40,340 | 13.7 years |
| 20 kW | $3.80 | $53,172 | $46,003 | 13.4 years |
How to Save on Solar Panels
There are many solar installers to choose from, all of which offer different warranties, solar panel brands and price points. To help you pick the right company for you, here are some tips to keep in mind:
- Warranty: If you care about the longevity of your solar panels, verifying that your company offers a 25-year, all-inclusive warranty can give you some peace of mind.
- Installation Process: Homeowners should understand how exactly the installation process will go, as well as important factors like the project timeline.
- Reputation: Solar system installers that have great reviews from their customers and that have been in business for many years most likely provide good-quality solar panel installation and expertise.
- Contract: Even though reading through a contract can take a lot of time, it’s important to do it fully so you can be sure you understand how much the equipment and services will cost and how part repairs and replacements will be handled.
Best National Provider
SunPower
- Most efficient panels on the market
- National coverage
- Cradle to Cradle sustainability certification
- Great warranty coverage
- Expensive
- Customer service varies by local dealer
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 Allenstown, NH Solar Cost FAQs
How much does it cost to install solar panels in Allenstown?
The average cost of solar panels in Allenstown is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the actual cost will depend on things such as the model of solar panels you want, what size system you need and how much energy you use.
Should I lease or buy solar panels in Allenstown?
Leasing solar panels can be an attractive choice, as it commonly 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 way to go if you want to get the most savings.
Does Allenstown have a net metering program?
Each state has some form of net metering programs except Tennessee, South Dakota and Alabama currently. Some states let you sell power back to the grid, but others just give you credit toward your future electricity bills.
How often do you have to replace solar panels?
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 higher 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.