Solar Panel Cost Guide in Conway, NH (2024 Update)
- Conway Solar Installation Cost: $14,725
- 25-Year Savings: $16,646
- Payback Period: 13.7 Years
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Average Cost of Solar Panels in Conway
Find out what the average cost of solar panels are in Conway.
The average cost of a solar system in Conway is 4 per watt.To account for the typical energy usage of the average home in Conway, most homeowners require a 5.0-kilowatt system. Using the figure above, a solar installation costs about $14,725, or $21,057 before the federal solar tax credit of 0 is applied.
How much you pay can be above or below the average in Conway based on several factors, such as the kind of solar panels you choose and the solar installer you hire.Many homeowners find installing solar panels is a sound investment. The average homeowner in Conway can save around $20,000 on their energy bills over 20 years.
Click the button below to get connected to a reputable solar panel company in your area for a personalized estimate.
Solar savings over time in Conway
| Year | Return on Investment |
|---|---|
| 1 years | $-13,296 |
| 3 years | $-10,438 |
| 5 years | $-7,579 |
| 7 years | $-4,721 |
| 9 years | $-1,863 |
| 11 years | $995 |
| 13 years | $3,853 |
| 15 years | $6,711 |
| 17 years | $9,569 |
| 19 years | $12,427 |
| 21 years | $15,285 |
| 23 years | $18,143 |
| 25 years | $21,002 |
Top Solar Installers in Conway
Many homeowners decide to hire a solar installation company since installing solar panels yourself can be time-consuming. Another benefit of working with a solar installer is that they can help you optimize your ROI by cutting back on future costs of repairs and replacements with the help of warranties and helping you learn about local incentives you can take advantage of.
You can get a free quote from a local solar installer on how much your investment in solar could cost for your home. Here are some in Conway:
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 Conway
Factors that Affect Solar Panel Costs in Conway
There are a number of factors that can play into your installation cost, such as the size of your system, the equipment you choose, your financing options and the specific company that performs the installation.
Solar Equipment
System size, which is measured in kilowatts, is one of the largest factors that influences the overall cost of going solar. That’s why it’s important to accurately ascertain the size of the solar energy system needed for your home by figuring out your typical energy use.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 opt for the most efficient solar panel brands, you’ll end up paying more upfront than if you opted for the most affordable panels. However, higher efficiency could save you more in the long run on your power bills. In addition, extra products, like solar batteries, can bring your total well above the Conway average.
Solar Financing Terms
Many homeowners find the average cost of solar in Conway to be too expensive, even if the investment pays off over time. Thankfully, almost every solar installer in the area provides financing options. Solar loans substantially decrease upfront costs for most homeowners, but they also lead to a higher cost over time because of interest.Even though solar loans make switching to solar energy more accessible for Conway homeowners, they can also add to the total you pay for your system, depending on your interest rate and how long you take to pay off the loan. If you put down a larger down payment, though, you can cut back on how much interest you have to pay.
Solar Panel Installation Company
The final significant cost factor you should keep in mind is the installer you choose. Given the growing popularity of green energy solutions in Conway, you’ll have plenty of options to choose from, but each comes at varying price points for labor and equipment.Larger national companies typically have lower costs, but some local companies compete with them by offering sales and discounts. While the smaller companies might not have specific equipment options like Tesla Powerwall batteries or additional services like electric vehicle 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 | $4.39 | $18,433 | $13,826 | 14.3 years |
| 8 kW | $4.30 | $24,105 | $18,907 | 14.0 years |
| 10 kW | $4.22 | $29,540 | $24,225 | 13.7 years |
| 12 kW | $4.14 | $34,739 | $29,778 | 13.5 years |
| 14 kW | $4.05 | $39,702 | $35,569 | 13.2 years |
| 16 kW | $3.97 | $44,428 | $41,595 | 12.9 years |
| 18 kW | $3.88 | $48,918 | $47,858 | 12.6 years |
| 20 kW | $3.80 | $53,172 | $54,357 | 12.4 years |
How to Save on Solar Panels
Since the kind of solar panels and the installer you choose significantly affects your costs and your system’s efficiency, production, and durability, it’s important to select the right ones for you. Here are some things to keep in mind to help with your decision:
- Contract: Read the contract terms closely to make sure you understand how much it will cost, project timeline incentives and warranties.
- Reputation: Solar companies that have great reviews from their customers and that have been in business for many years most likely provide high-quality solar panel installation and expertise.
- Warranty: A high-quality company rises above other companies by providing the gold standard warranty — a 25-year, all-inclusive warranty covering parts, labor and performance.
- Solar Panel Brands: Not all solar installers carry the same brands of solar panels, so the brand and type of panel you want can play a substantial role in the company you opt for.
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 Conway, NH Solar Cost FAQs
What is the average cost of installing solar panels in Conway?
The average cost of solar panels in Conway is about $21,100 for a 5-kW system and $42,200 for a 10-kW system before the ITC, but the real cost will depend on certain factors such as the type of solar panels you want, what size system you need and how much energy you consume.
Should I lease or buy solar panels in Conway?
Leasing solar panels can be an option if you can’t afford to pay upfront or secure a solar loan, but since you don’t own the system, you can’t take advantage of many solar incentives. Also your home value won’t increase, so you’ll have less savings over time. If you can afford to buy a solar system upfront, then buying is the better option if you want the most savings from going solar.
How will having solar panels impact my property value?
Solar panels can increase your home value significantly as long as you buy or finance your panels and don’t choose a solar lease or power purchase agreement (PPA). According to research done by Zillow, the average home value increases by about 4.1% after installing solar panels."
How many solar panels should I get to power my home?
To figure out what solar panel system size you need, you should find out how much energy your home uses and how much sunlight your home gets. For a general estimate, however, since each panel can generally produce about 250 to 400 watt-hours per hour, the average home 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.